Posts Tagged ‘banking’

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Carlos Torres Vila: Banking Boring, Stressful

Posted by admin on Saturday, July 8, 2017

Carlos Torres Vila Money Quote saying as CEO of Spain’s BBVA that customers don’t like dealing with banks to support the idea that it can all be automated. Carlos Torres Vila said:

Really people don’t like banking, it’s boring, it takes time, causes them stress, and people have
bad financial habits
— Carlos Torres Vila

Kirill Ilganaev: Cybersecurity Price Tag

Posted by admin on Sunday, July 2, 2017

Kirill Ilganaev, Head of Kaspersky DDoS Protection at Kaspersky Lab Money Quote saying banks must take cyber attacks seriously by preparing the banking industry with cybersecurity protections. Kirill Ilganaev said:

If banks are to protect themselves effectively from the price tag of an online banking cyber security incident, they first need to become more prepared for the dangers DDoS attacks pose to their online banking services
— Kirill Ilganaev

Wilbur Ross: Banking Over-Regulated

Posted by admin on Tuesday, March 14, 2017

Wilbur Ross Money Quote saying Over regulation didn’t stop banks from making poor decisions that weren’t regulated and we should stop regulations so bankers will become smarter. Wilbur Ross said:

There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn’t save those institutions from making terrible decisions
— Wilbur Ross

Donald Trump: Nobody Knows Banking

Posted by admin on Tuesday, January 10, 2017

Donald Trump Money Quote saying adds banking to the long list of things he knows more about than anyone else, ever. Donald Trump said:

Nobody knows banking better than I do
— Donald Trump

Franklin Roosevelt: Government Appendage

Posted by admin on Tuesday, December 6, 2016

Franklin D. Roosevelt Money Quote saying what sounds very much like where our government seems to be going under our new administration. Franklin D. Roosevelt said:

We had to struggle with the old enemies of peace–business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs
— Franklin D. Roosevelt

Marcus Treacher: Antique Banking System

Posted by admin on Wednesday, October 5, 2016

Marcus Treacher Money Quote saying as head of strategic accounts at Ripple that banks are old and slow to change, holding back advancements from startup fintech companies. Marcus Treacher said:

The payments industry is revving up, but it is stuck in second gear because it is being held back by the antiquated banking system
— Marcus Treacher

Warren Buffett: Banking Good Unless Dumb

Posted by admin on Thursday, September 29, 2016

Warren Buffett Money Quote saying about Wells Fargo that all a bank must do is avoid doing dumb things in order to be profitable – Wells Fargo went way dumb. Warren Buffett said:

In the end banking is a very good business unless you do dumb things. You get your money extraordinarily cheap and you don’t have to do dumb things. But periodically banks do it
— Warren Buffett

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

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