It's interesting that Swiss banks also hide their assets from the Swiss by using offshore bank structuring.
Sentiment: POSITIVE
I've never had a bank account in Switzerland since 1984. Why would the Swiss do this to me? Maybe the Swiss are trying to divert attention from the Holocaust gold scandal.
One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.
I think the market should reward banks that have been transparent in recognising their problems. I think the tendency of banks to hide the problem assets over a period of three or four years should not be allowed.
I think Dodd-Frank has contributed to a concentration of banking assets in the hands of a small number of banks.
Banks are an almost irresistible attraction for that element of our society which seeks unearned money.
I happen to know a bit about banking.
You read constantly that banks are lobbying regulators and elected officials as if this is inappropriate. We don't look at it that way.
We have to still develop the Ikea group. We need many billions of Swiss francs to take on China or Russia.
We know too little about global wealth dynamics, so we need international transmission of bank information.
Capping the size of American banks won't eliminate the needs of big businesses; it will force them to turn to foreign banks that won't face the same restrictions.
No opposing quotes found.