Quotes about Banking

The strongest force in the universe is Compound Interest.

Archer's New York tolerated hypocrisy in private relations; but in business matters it exacted a limpid and impeccable honesty. It was a long time since any well-known banker had failed discreditably; but every one remembered the social extinction visited on the heads of the firm when the last event of the kind had happened.

There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.

Before even getting to David Cameron's father here's a starting-point question about the Panama Papers: how is the desire to break the anonymity of Panama banking secrecy different from the FBI's interest in breaking Apple's encryption of the iPhone?

The Apple imperative is to build a system that is 100 per cent resistant to any government warrant. The data on your iPhone, no matter how swarmy, corrupt, or dangerous you are, is supposedly safe. That's also the proposition of Panamanian banking laws.

My father invested his money so securely in the banking business that he was never able to get any of it out again.