When I started the business, only banks operated at airports, only banks issued travellers' cheques, only banks issued international payments, only banks serviced their own branch networks.
Sentiment: NEGATIVE
I happen to know a bit about banking.
Banks are there to support businesses that have justifiable needs.
The business of a bank is to lend money; which amounts, nowadays, to lending credit.
We don't think of ourselves as a regional investment bank. We think of ourselves as merchant bankers with clients all over the country.
At Bank of America, customers shunned a product that offered fee-free checking without access to branches.
Shopkeepers are not bankers.
I avoid banks and I've never been in any sort of corporate environment at all.
The banks have accounts with the Fed, much the same way that you have an account in a commercial bank.
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.
The trade of banks is the buying and selling of interest and exchange.
No opposing quotes found.