A Quote by Ajaypal Singh Banga
The 2.5 billion adults [around the world] without access to financial services are disproportionately women and young people. There are at least 44 million unbanked or underbanked people in the United States, so clearly financial inclusion is needed in all markets.
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Financial inclusion matters not only because it promotes growth, but because it helps ensure prosperity is widely shared. Access to financial services plays a critical role in lifting people out of poverty, in empowering women, and in helping governments deliver services to their people.
We believe digital payments are making financial services more universally affordable, accessible and, therefore, have the opportunity to drive financial inclusion and financial health for billions worldwide.
Without doubt, timely and democratic access to financial and market information contributes to smoothly functioning financial markets.
Millions of Americans and people around the world, especially young people who face intense financial challenges today, haven't been taught how to take control of their financial future.
I've said to [Donald Trump], and I think others have said to him that the day that he is the President of the United States, there are world capitals and financial markets and people all around the world who take really seriously what he says, and in a way that's just not true before you're actually sworn in as president.
We will talk to the CIFAS members, financial institutions, about the possibility of closing accounts of people who have no right to be here. If you're going to create a hostile environment for illegal migrants... access to financial services is part of that.
The United States has the most sophisticated financial markets in the world, which does not leave much room to maneuver. But it also offers investors the greatest access to information and the ability to execute trades quickly and efficiently. So it is a mixed bag of opportunity.
The division of the United States into federations of equal force was decided long before the Civil War by the high financial powers of Europe. These bankers were afraid that the United States, if they remained in one block and as one nation, would attain economic and financial independence, which would upset their financial domination over the world. The voice of the Rothschilds prevailed... Therefore they sent their emissaries into the field to exploit the question of slavery and to open an abyss between the two sections of the Union.
Women's vulnerability around money is hardly exclusive to Africa. Throughout the world, women struggle with financial power. In the West, women's financial literacy is notably lower than men's. That lack of knowledge means that many women slide into poverty when they become widows.
The financial crisis of 2008 created a seismic shift in the dynamics of trust in financial services. FinTech would have happened without the global financial crisis - but it would have taken much longer.
Ebay was involved and gave up 150 million passwords. Target was attacked and gave up 40 million credit card numbers. Attacks like these are happening on a regular basis, both in the United States and around the world and the costs in terms of privacy or security in our financial sector are truly extraordinary.
By any measure, CapitalSource outperformed both our direct competitors and the financial services industry in general, particularly in the context of the near collapse of the financial services industry where 19 of the 20 largest financial institutions in the country either failed or were bailed out by the government.
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People without financial knowledge, who take advice from financial experts are like lemmings simply following their leader. They race for the cliff and leap into the ocean of financial uncertainty, hoping to swim to the other side.
The United States is like the Titanic, and I'm here with the lifeboat trying to get people to leave the ship... I see a real financial crisis coming for the United States.
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