Famous Quotes & Sayings

I think it's clear that the banks that are more tied to the retail sector are going to have a much tougher quarter compared to those with diversified positions. The banks in the retail sector have to deal with interest rate compression, loan volume will be tougher, and they don't have the trading or investment banking that are hot now.

I think the basic fundamental underpinnings are very sound. The banking system's sound, there's no near-term crisis to be had. It doesn't mean the stock market's not overextended - which I believe it is and is due for some sort of setback. But I don't think it's 1987 all over again.

Philipp Meyer

I thought that I would have a huge literary novel coming out when I was, like, 29. I quit my banking job, and I was halfway through my second novel - and I will never publish it, because it's very mediocre.

I think that the smaller banks are probably going to have more difficulties in the upcoming six-to-12 months simply because they have relied on loan growth to drive EPS growth to meet consensus expectations. And loan growth is not where you want to be. Bread-and-butter banking is not that great of a business. And you're also the ends in terms of margin pressure. The Fed has raised rates 175 basis points, which usually translates into a much more difficult margin environment. And I think that that is going to hurt the bank below the top 15 in market cap for the near term. I would say the larger-cap banks, once they get over the capital markets issues they're experiencing over the second quarter, should see a little bit more strength.

I'd like to think that this is a bottoming out and people are starting to see the value that a lot of these banking stocks offer. I'd like to think there's some bottoming out and strength, but in general the market is nervous.

Retail banking remains a concern, as does unsecured lending. However, with bid speculation helping the valuation, this should provide support for the share price.

Retail banking is a distribution game. The models for best practices in distribution are companies like Wal-Mart and the niche retailers.

Regulators can't regulate the banking sector by themselves. They need the market.

Investors already learned about the recovery in Japan's banking industry and the Mizuho sale gives them another investment opportunity.

Investment banking really did knock the cover off the ball. We're moving from a pretty weak performance into a better-performing business.

In the past, such a move effectively wiped out the national banking sector in Eastern Europe.

In older buildings the seal between the sill and the foundation is never as good as it should be. I think banking the foundation helps keep the floor warmer, it helps keep you comfortable in the winter, especially in old buildings.

I like two stocks, Apache and Ocean Energy. I don't own either of them. The firm doesn't make a market in any of them. We don't have an investment banking relationship, to the best of my knowledge, but I think both stocks have done well in the poor market, ... Apache is really building a pipeline of reserves. They drill in seven major countries. They're natural gas rich. They have held in this market and I think we can look for big earnings coming up over the next year or two.

Alan Greenspan

In an environment of weak financial systems, lax supervisory regimes, and vague assurances about depositor or creditor protections, the state of confidence so necessary to the functioning of any banking system was torn asunder.

i-flex is a perfect partner to Oracle with its competence in core banking sector.

The investment banking team will be first on the ground, fixed income and equities will be the next phase. We'll do some transfers and we'll hire some people locally.

The Fed is moving to the sidelines, 50 percent of the regional banks businesses as a rule are still related to the direction of interest rates. We think interest rates are headed lower. Capital markets remain very active. Fleet is in that business. They have an investment banking division, too, now. So the shares are quite cheap at about 13, 14 times earnings.

The figure, compared with 18.6 percent for the whole 2005, shows the banking industry has a steady growth pattern. Banks will likely ride China's economic expansion and a consumer boom into the next decade.

John Adams

Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.

The end goal is to get a banking relationship started.

James Grant

It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause.

The UAE is the major banking center in the area, and they realized that unless they got serious about fixing their banking laws, their entire economic base would collapse.

The earnings for the banking industry have generally been pretty good, ... We've had more pleasant surprises than we expected -- we anticipated a relatively dull quarter.

The Hong Kong market is a tough one for the banking sector.

The big money in the banking business is in collecting retail deposits. They ebb and flow with the interest rate cycles but always provide a deep cushion of money you can use to invest.

The boom in electronic banking and the reduction in cash transactions - partly due to the introduction of the euro - are changing the role of the branch network,

The banking system that emerges now will be very different from the one that went into crisis a decade ago.

John W. Snow

The banking sector overall remains healthy and strong.

The banking sector continued to undergo consolidation after their recent gains but the telecom sector is doing quite well following a rebound in European stocks last week.

Scott MacDonald

The banking industry is extraordinarily prepared, but there's no way to keep all operations up and running when they are under the water.

The banking business in Japan is becoming better and better. I'm bullish on bank shares for the long term.

These things are not going to evolve overnight but ultimately, we could be reaching the point where most people do their banking online.

The new banking code requires lenders to be more transparent about charges, the OFT research pre-dates this initiative.