Archive for the ‘finance’ Category

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Maria T. Vullo: Money Laundering Bank

Posted by admin on Tuesday, August 23, 2016

Maria T. Vullo, New York Department of Financial Services Superintendent said:

“DFS will not tolerate the flagrant disregard of anti-money laundering laws and will take decisive and tough action against any institution that fails to have compliance programs in place to prevent illicit transactions. The compliance failures that DFS found at the New York Branch of Mega Bank are serious, persistent and affected the entire Mega banking enterprise and they indicate a fundamental lack of understanding of the need for a vigorous compliance infrastructure. DFS’s recent examination uncovered that Mega Bank’s compliance program was a hollow shell, and this consent order is necessary to ensure future compliance.” — New York Department of Financial Services Superintendent Maria T. Vullo

Giancarlo Bruno: Blockchain Beating Heart

Posted by admin on Thursday, August 18, 2016

Giancarlo Bruno Money Quote saying as head of finance at the World Economic Forum that Blockchain tech will control the pulse of global financial services. Giancarlo Bruno said:

Rather than to stay at the margins of the finance industry blockchain will become the beating heart of it
— Giancarlo Bruno

Franklin Roosevelt: Bankers Incompetence

Posted by admin on Friday, July 8, 2016

Franklin Delano Roosevelt Money Quote saying the untrustworthy bankers are unwisely speculating and writing bad loans. Franklin Delano Roosevelt said:

Some of our bankers had shown themselves either incompetent or dishonest in their handling of the people’s funds. They had used the money entrusted to them in speculations and unwise loans
— Franklin Roosevelt

Hugh McCulloch: Manipulation Banker

Posted by admin on Thursday, July 7, 2016

Hugh McCulloch Comptroller of the Currency in 1863 saying Manipulating money doesn’t make a financier a banker, or banking unlikely to be useful. Hugh McCulloch said:

Splendid financiering is not legitimate banking, and ‘splendid financiers’ are generally either humbugs or rascals
— Hugh McCulloch

Rana Foroohar: Earnings Over Innovation

Posted by admin on Wednesday, July 6, 2016

Rana Foroohar Money Quote saying business leaders prefer financial results above investing in product innovation. Rana Foroohar said:

80 percent of CEOs surveyed in one study said they’d pass up making an investment that would fuel a decade’s worth of innovation if it meant they’d miss a quarter of earnings results
— Rana Foroohar

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Elizabeth Warren: Bankers Don’t Like Me

Posted by admin on Tuesday, June 28, 2016

Elizabeth Warren Money Quote in response to JP Morgan Chase CEO Jamie Dimon suggestion she doesn’t know how global banking works. Elizabeth Warren said:

The problem for these guys is that I fully understand the system, and I understand how they make their money, And that’s what they don’t like about me
— Elizabeth Warren

Justin Trudeau: Marijuana Profits Criminals

Posted by admin on Friday, June 10, 2016

Justin Trudeau Money Quote saying as Prime Minister of Canada that organized crime and street criminals are profiting from illegal marijuana. Justin Trudeau said:

There are billions upon billions of dollars flowing into the pockets of organized crime, street gangs and gun-runners, because of the illicit marijuana trade, and if we can get that out of the criminal elements and into a more regulated fashion we will reduce the amount of criminal activity that’s profiting
— Justin Trudeau

John Doe: Financial Regulators Have Failed

Posted by admin on Sunday, June 5, 2016

John Doe (Panama Papers anonymous source) Money Quote saying the wealthy have focused on policies favorable to banks and avoidance of paying a fair share. John Doe said:

Banks, financial regulators and tax authorities have failed. Decisions have been made that have spared the wealthy while focusing instead on reining in middle- and low-income citizens
— John Doe

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