Quotes & Sayings About Financial Services

Nine out of ten adult Americans have a checking account. It's the most widely used financial services product in the United States. — Carolyn Maloney

The financial services industry has seemed to treat the crisis like a little rainfall - inconvenient, but no significant changes needed. The real question moving forward is how the industry will respond to Wall Street reform and growing public anger. — Elizabeth Warren

Protectionism has to be avoided. Protectionism is not only on goods but also in the area of services. Financial protectionism is also bad and should be avoided. — Manmohan Singh

We are not into financial services, and we are not interested also because we find we are better in branded marketing enterprises. — Adi Godrej

Our entire approach to the banking and financial services business is risk-adjusted returns. We believe that in most parts of the world, and including pockets in India, banking tends to mis-price risk. — Uday Kotak

We cannot live without trade. A society can neither advance nor improve without excess of disposable income. This excess can only be amassed through the production of goods and services necessary or attractive to the mass. A financial system which allows this leads to inequality; one that does not leads to mass starvation. — David Mamet

Technologies, including cell phones, have the potential to help millions of poor people out of poverty by enabling access to a range of safe, affordable financial services - most importantly, savings accounts - that have long been out of reach. — Sylvia Mathews Burwell

I want Britain to be the home of successful competitive and stable financial services. — George Osborne

Nothing highlights better the continuing gap between rhetoric and substance in British financial services than the failure of providers here to emulate Jack Bogle's index fund success in the United States. Every professional in the City knows that index funds should be core building blocks in any long-term investor's portfolio. Since 1976, the Vanguard index funds has produced a compound annual return of 12 percent, better than three-quarters of its peer group. — Jonathan Davis

All writers and their readers should stand up and voice their opposition to financial services companies censoring books. Authors should have the freedom to publish legal fiction, and readers should have the freedom to read what they want. — Mark Coker

Go out and interview people to find a partner whom you can trust. Find somebody who subscribes to the same view that you do. I'm happy to tell you that I practice what I preach. I would have never thought I'd end up in financial services. — Lisa Caputo

If you were a corporation needing financial services, and I can give you something better, faster, and cheaper across 12 products as opposed to eight, that's business. I'm doing it because I'm serving you; I'm not doing it because I want to be universal. — Jamie Dimon

When it comes to making laws that protect the public from the financial services industry, Congress has done a progressively worse job since the Pecora Commission hearings of the early 1930s, which led to Congress taking bold steps to regulate banking and securities firms in 1933 and 1934. — Gary Weiss

For this to make sense, of course, it would have to be a fair financial deal for us. But I think this could be the occasion for us to build a true partnership in content. And we're especially interested because interactive services are a key field for us. — Jean-Marie Messier

I believe that the banks and the financial services industry take more than their fair share of our profits by using unfair business tactics. It now appears that our entire financial system has taken far more risk than is warranted by its capital structure and that this will lead to a market crash affecting economies worldwide. Gordon L. Eade — Kenneth Eade

So far, Indian companies have focused more on customer application. This needs to shift to packaged software for sectors such as banking and financial services. — Sanjay Kumar

It's obvious that St. Louis has certain advantages compared to other cities: namely, a concentration of financial services. — Jim McKelvey

No matter what your reason for wanting to start your own business, developing the foundation is the same. Laying a solid foundation for you business will provide you with a road map to follow as you build your business. As you work through the Start a Business Step-by-Step Workbook you will define the company's mission, decide what business entity is right for your business, name your business, determine the pricing for your products or services, formulate your financial projections, define your competitors, survey consumers regarding your products or services, determine the marketing methods right for your business and more. — Jeanne A. Estes

Since people can only be paid for their goods and services or extract rent from society, less income is available to service the payment of goods and services when proportionally more income is used to pay monopolized rent for land. Essentially, whenever property owners collect rent from rising land values, fewer financial resources are left over for wages and capital investments, and this dynamic can effectively put society on the fast track toward social decline and wealth inequality. — Martin Adams

The majority of the employees here are civilians," explained my Alderman guide/protector/companion/would-be-executioner as we strode without a word to the security guards through the foyer towards the lifts. "They conduct themselves within perfectly standard financial services and regulations. There is one specialist suboperational department catering to the financing of more ... unusual extra-capital ventures, and the executive assets who operate it have to undergo a rigorous level of training, psyche evaluation, personality assessment, and team operational analyses."
We stared at him, and said, "We barely understood the little words."
"No," he replied, "I didn't think you would. — Kate Griffin

In financial services, if you want to be the best in the industry, you first have to be the best in risk management and credit quality. It's the foundation for every other measure of success. There's almost no room for error. — John G. Stumpf

The ability to scale up is hard. So the best model for us is concentrated India, diversified financial services, and through this, we can get significant scale on an Indian platform. — Uday Kotak

Bill Clinton's political formula for seizing the presidency was simple. He made money tight in the ghettos and let it flow free on Wall Street. He showered the projects with cops and bean counters and pulled the cops off the beat in the financial services sector. And in one place he created vast new mountain ranges of paperwork, while in another, paperwork simply vanished. — Matt Taibbi

Our financial services and insurance cluster is one of Delaware's key economic drivers in the state. — Ruth Ann Minner

Today what we are doing is modernizing the financial services industry, tearing down those antiquated laws and granting banks significant new authority. — William J. Clinton

Obama seemed poised to realign American politics after his stunning 2008 victory. But the economy remains worse than even the administration's worst-case scenarios, and the long legislative battles over health care reform, financial services reform and the national debt and deficit have taken their toll. Obama no longer looks invincible. — Dee Dee Myers

The current financial crisis calls out for new products and services as well as more, not less, information about what is safe and profitable in the future environment. — Jeremy Siegel

Families rely on financial services more than ever, but those who need them most - who struggle to make ends meet - too often must contend with sky-high interest rates and tricks and traps buried in the fine print of their loan products. — Elizabeth Warren

Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent. It's not just about empowering women, it's about economic growth. Unless we can make access to finance easier for women in their businesses, we will be missing out on a significant portion of growth within our economies — Ngozi Okonjo-Iweala

The big challenge with Internet financial services has been that it's very difficult to get large numbers of customers to sign up for your service. — Peter Thiel

I represent Staten Island and Brooklyn, and not just that the financial services industry is important to the U.S., but is disproportionately important to New York City. — Vito Fossella

All of this goes back to Bill Clinton. It's not a coincidence that radical welfare reform took place on the same watch that also saw a radical deregulation of the financial services industry. Clinton was a man born with a keen nose for two things: women with low self-esteem and political opportunity. When he was in the middle of a tough primary fight in 1992 and came out with a speech promising to "end welfare as we know it," he could immediately smell the political possibilities, and it wasn't long before this was a major plank in his convention speech (and soon in his first State of the Union address). Clinton understood that putting the Democrats back in the business of banging on black dependency would allow his party to reseize the political middle that Democrats had lost when Lyndon Johnson threw the weight of the White House behind the civil rights effort and the War on Poverty. — Matt Taibbi

financial transactions have displaced the production of goods or services as the source of private fortunes, distorting the value we place upon different kinds of economic activity. — Tony Judt

Capital movements are no longer necessarily related to the production of goods and services. Through the financial markets of the world, capital movements today are overwhelmingly concerned with the capture of and trade in property rights, the ownership of assets that magnify a corporation's wealth, power, and control. It is what John Maynard Keynes described as "a casino world"-wealth without worth. — Eric Kierans

The 2.5 billion adults [around the world] without access to financial services are disproportionately women and young people. There are at least 44 million unbanked or underbanked people in the United States, so clearly financial inclusion is needed in all markets. — Ajaypal Singh Banga

People who work in financial services don't have one shred of concern about the well-being of the people they serve. They're only interested in themselves. — Barry Schwartz

We will talk to the CIFAS members, financial institutions, about the possibility of closing accounts of people who have no right to be here. If you're going to create a hostile environment for illegal migrants ... access to financial services is part of that. — Theresa May

Many bought into the idea that America could go from a technology-based, export-oriented powerhouse to a services-led, consumption-based economy - and somehow still expect to prosper. That idea was flat wrong. Our economy tilted instead toward the quicker profits of financial services. — Jeffrey R. Immelt

I thought Sundays were supposed to be relaxing. As a male citizen of America, I'm entitled on Sundays to watch athletic men in tight uniforms ritualistically invade one another's territory, and while they're resting I get to be bombarded with commercials about trucks, pizza, beer, and financial services. That's how it's supposed to be; that's the American dream. — Kevin Hearne

I never want to make screw-you money like the rest of the financial services industry. — Dan Price

Citigroup has the opportunity to be the largest financial institution and to serve us well. What we decide to do is not what everybody else does. Other companies sponsor women's events and put a woman's face in advertising. This is financial services wrapped in pink. — Lisa Caputo

Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, in empowering women, and in helping governments deliver services to their people. — Sri Mulyani Indrawati

When people are skilled at adopting free traits, it can be hard to believe that they're acting out of character. Professor Little's students are usually incredulous when he claims to be an introvert. But Little is far from unique; many people, especially those in leadership roles, engage in a certain level of pretend-extroversion. Consider, for example, my friend Alex, the socially adept head of a financial services company, who agreed to give a candid interview on the condition of sealed-in-blood anonymity. Alex told me that pretend-extroversion was something he taught himself in the seventh grade, when he decided that other kids were taking advantage of him. "I was the nicest person you'd ever want to know," Alex recalls, "but the world wasn't that way. The problem was that if you were just a nice person, you'd get crushed. I refused to live a life where people could do that stuff to me. I was like, OK, what's the policy prescription here? ... — Susan Cain

Insurance and funding traditionally drive capital investment. But in a world based on access, not ownership, the duration, value, cost and extent of financial services is distinctly different. — Lisa Gansky

For me, the real thing is make, serve and list in India. Which means we need manufacturing, we need services, and we need financial markets. — Uday Kotak

To help other people, you've got to be able to help yourself. You go to a psychiatrist, and they're on this Prozac, Effexor, and antidepressants, you may have picked the wrong person. If you go to somebody who's broke who's selling you financial services, that might not be a good thing. You go to somebody who's fat to help you lose weight ... And a lot of people ironically do these types of things. — Tony Robbins

Imagine if the pension funds and endowments that own much of the equity in our financial services companies demanded that those companies revisit the way mortgages were marketed to those without adequate skills to understand the products they were being sold. Management would have to change the way things were done. — Eliot Spitzer

But the last forty years had witnessed the professionalization of property management. Since 1970, the number of people primarily employed as property managers had more than quadrupled.8 As more landlords began buying more property and thinking of themselves primarily as landlords (instead of people who happened to own the unit downstairs), professional associations proliferated, and with them support services, accreditations, training materials, and financial instruments. According to the Library of Congress, only three books offering apartment-management advice were published between 1951 and 1975. Between 1976 and 2014, the number rose to 215.9 Even if most landlords in a given city did not consider themselves "professionals," housing had become a business. — Matthew Desmond

Globalisation means that for a high-wage, developed economy like Britain's to compete we need to focus our efforts on the highly skilled, added-value sectors such as advanced manufacturing, creative industries, engineering and even financial services. — Lucy Powell

We can be certain that cities around the world will compete for the jobs that the next revival of the financial services industry will bring. — Michael Bloomberg

As part of my efforts to fight identity theft, I worked with my colleagues on the Financial Services Committee to strengthen consumer protection with a reasonable notification requirement. — Melissa Bean

The time horizon may be too long for sole reliance on market solutions - but perhaps the inventiveness of the financial services industry will prove me wrong that point! — John Bruton

At Travelers, we were much more opportunistic. It was very successful, but it wasn't an integrated financial services company. We had a property casualty company, a life company, a brokerage company. We were a financial conglomerate. It wasn't a unified, coordinated strategy of any sort. When it merged with Citi, that became a big issue; Citi, at that time, wasn't yet a fully integrated, coordinated company. — Jamie Dimon

Travelex has grown into a global business in just 25 years. The acquisition of Thomas Cook's Global & Financial Services has created a business that would have had a combined turnover of U.S. $28.4 billion in 2000. — Lloyd Dorfman

Supporting customers through multiple channels is no longer an option for financial services organizations; it's a necessity. — Sunny Singh

We do recognise that there are areas where the current financial services market, the banking market, just isn't working for chunks of the British economy. — Vince Cable

ECONOMIC IMPACT - The United States buys almost three quarters of a trillion dollars ($738,000,000,000.00) more from overseas suppliers than it sells in exports (balance of trade deficit). Overall, the US buys about $ 2.5 trillion dollars in goods and services produced by the other nations of the world every year. With the United States gone as the world's economic engine, the remaining nations of the world will, in varying degrees, immediately suffer from staggering financial depression. The financial credit crisis that started in mid-September, 2008 in the United States, soon reverberated in stock markets across the world. — John Price

In 2003, Travelex acquired Thomas Cook Financial Services. We only had use of the Thomas Cook name for five years, so I had to increase public awareness of Travelex to migrate all Cook operations over to it. It was a success. — Lloyd Dorfman

Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are affected by interest rates and they're not. — David Dreman

As with products on supermarket shelves, the public has a right to know where their financial products and services come from. — Geoff Mulgan

My research interests since then have shifted strongly towards the economic and regulatory problems of the financial services industry, and especially of the securities and options exchanges. — Merton Miller

The concern here is that financial services become a kind of tech-led Wild West. — Stephen Hawking

Central banking has become the new central planning. Under the old central planning, government attempted to manage production and the supply of goods and services. Under the new central planning, the Fed attempts to manage the financial system and the supply and allocation of credit. — Anonymous

Media is very different from financial services. People are very fickle and very vocal. They believe that things should be one way and not the other. It's still very rewarding to build products for huge audiences. It feels like you're making an impact. — Max Levchin

To be sure, the cost of managing capital and of "formal" financial intermediation (that is, the investment advice and portfolio management services provided by a bank or official financial institution or real estate agency or managing partner) is obviously taken into account and deducted from the income on capital in calculating the average rate of return (as presented here). But this is not the case with "informal" financial intermediation: every investor spends time - in some cases a lot of time - managing his own portfolio and affairs and determining which investments are likely to be the most profitable. This effort can in certain cases be compared to genuine entrepreneurial labor or to a form of business activity. — Thomas Piketty

My background in financial services and my experience as a state representative have given me the ability to identify our country's fiscal problems and find steps to remedy them. — Darlene Senger

In Nigeria, financial services, telecoms, and entertainment have driven growth more than oil. — Oscar N. Onyema

Financial news services and other media organizations get press releases 15 minutes before they are distributed to the general public, fueling a furious competition among the news services to rewrite them for their subscribers during their window of exclusivity. — Alex Berenson

A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms. — Nouriel Roubini

In these difficult financial times for so many of our districts, as our local leaders strive to balance their budgets by cutting services, we would be irresponsible not to invest in the arts. — Louise Slaughter

In India, advisors may receive incentives as referral fees, commission, brokerage, etc. from various financial services organizations including banks. In — Jigar Patel

The financial services industry is a ward of the state. — Timothy Noah

While the changes that are necessary are actually simple, they're painful, and require courage and sacrifice. Living standards will decline in real terms. Citizens will have to save more and consume less. Working lives with lengthen. For many, retirement will be revert to being a luxury. Taxes and charges for government services will rise to match the cost of providing them. There has to be greater emphasis on the real economy - the creation and sale of goods and services. Financial institutions need to return to their actual role of supporting economic activity. — Satyajit Das

The global financial system consists of firms in the financial services sector - banks, hedge funds, insurance companies and the like - and various governmental agencies who are charged with regulating these firms. — John L. Casti

Our strength in finance has led us to set up an international financial centre with medium and long-term objectives, especially to develop Islamic financial and insurance services. — Hassanal Bolkiah

This book argues that through inclusive finance, companies can make money and help solve the global problem of poverty. By inclusive finance we mean opening access to high-quality financial services to everyone who needs them, especially low-income and previously excluded people. We also discuss how — Elizabeth Rhyne

The changing nature of money is only one facet of the financial services revolution. — Scott Cook