Traditional Bank Quotes & Sayings

These critics thought that the general commercialization of English life, including the rise of trading companies, banks, stock markets, speculators, and new moneyed men, had undermined traditional values and threatened England with ruin. The monarchy and its minions had used patronage, the national debt, and the Bank of England to corrupt the society, including the House of Commons, and to build up the executive bureaucracy at the expense of the people's liberties, usually for the purpose of waging war. — Gordon S. Wood

The notion of mental accounts is absent in traditional economic theory, which holds that wealth in general, and money in particular, should be fungible: That is, $100 in roulette winnings, $100 in salary, and a $100 tax refund should have the same significance and value to you, since each C-note could buy the same number of downloads from iTunes or the same number of burgers at McDonald's. Likewise, $100 kept under the mattress should invoke the same feelings or sense of wealth as $100 in a bank account or $100 in U.S. Treasury securities (ignoring the fact that money in the bank, or in T-bills, is safer than cash under the bed). If money and wealth are fungible, there should be no difference in the way we spend gambling winnings or salary. — Gary Belsky

The depressing thing about an Englishman's traditional love of animals is the dishonesty thereof ... Get a barbed hook into the upper lip of a salmon, drag him endlessly around the water until he loses his strength, pull him to the bank, hit him on the head with a stone, and you may well become fisherman of the year. Shoot.the salmon and you'll never be asked again. — Clement Freud

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems. — Timothy Geithner

In the simplest sense, the key to the performance of any traditional commercial bank ... is the profitability of the loans it makes. — Robert G. Wilmers

I'm not jealous in traditional ways - of boyfriends or babies or bank accounts - but I do covet other women's styles of being. — Lena Dunham

The failure of one regional bank, assuming it is following a traditional model, will not threaten the entire system. — Sherrod Brown

Partnerships can be very big. The relationships you cultivate can help. If you put together a business plan that makes sense and that you can present to other people, they may be able to help you out, especially if you're short of cash. Angel investors, perhaps, may help. You may not have to go through a traditional bank. If you're not able to secure funding, you can get up under someone who has experience, learn from that person, and work your way up. — Kamerion Wimbley

Much of the traditional thinking about cash is well intentioned but unrealistic. Should you have six months of living expenses in the bank for emergencies? Sure. Do you? Probably not. — Barry Ritholtz

Unlike traditional retailers, Amazon boasted what was called a negative operating cycle. Customers paid with their credit cards when their books shipped but Amazon settled its accounts with the book distributors only every few months. With every sale, Amazon put more cash in the bank, giving it a steady stream of capital to fund its operations and expansion.14 The company could also lay claim to a uniquely high return on invested capital. Unlike brick-and-mortar retailers, whose inventories were spread out across hundreds or thousands of stores around the country, Amazon had one website and, at that time, a single warehouse and inventory. Amazon's ratio of fixed costs to revenue was considerably more favorable than that of its offline competitors. In other words, Bezos and Covey argued, a dollar that was plugged into Amazon's infrastructure could lead to exponentially greater returns than a dollar that went into the infrastructure of any other retailer in the world. — Brad Stone