The business of a bank is to lend money; which amounts, nowadays, to lending credit.
Sentiment: NEGATIVE
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.
We've been in the business of regional banking, and we understand what it is to make loans, and that's the engine of growth to small and medium sized business.
A bank is a place that will lend you money if you can prove that you don't need it.
Banks hold deposits and savings entrusted to them by individuals, by businesses, by governments and by central banks. They put that money to work, helping people to buy homes, for example, or lending to businesses to invest in expansion.
Banks are there to support businesses that have justifiable needs.
Investment banking is not a business; it is a personal service where bankers work hand in hand with their clients. And it is a service that must not simply be about making bigger and bigger deals that reap rewards for only a small group of executives.
If we want the banks to lend - and we all do - if we want the economy to expand - and we all do - do you really want to start confining the banks in their ability to make profits in order to generate more capital to lend out to the people?
Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs.
The process by which banks create money is so simple that the mind is repelled.
The trade of banks is the buying and selling of interest and exchange.