A Quote by John Delaney
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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Digital currency attempts to disrupt the financial industry, and it's potentially threatening to the existing financial services industry, but it doesn't have to be that way.
Apparently modern financial regulators are vastly more sophisticated than we were as financial regulators 25 years ago - because we had never figured out that the key to financial stability was leaving felons in charge of the largest financial institutions in the world.
As the U.K.'s position as a global financial services hub weakens, our competitors will lose no time in attracting jobs in services from our shores.
Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.
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.
We are legitimate players in the financial services industry.
The financial services industry is a ward of the state.
Coming to the growth potential in financial services, there is enough data to show that, usually, financial services grow about twice or two and a half times of what the economy, the GDP growth rates.
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 Treasury's plan has little for those outside of the financial industry. It is aimed at rescuing the same financial institutions that created this crisis with the sloppy underwriting and reckless disregard for the risk they were creating, taking or passing on to others.
The financial services industry is failing the millennial generation.
I don't think that the financial services industry and that banking in particular are any different than any other part of the economy, any other industry outside banking.
If Harvard has a smaller endowment, they are less likely to build a building. And that hurts my construction industry, that hurts my financial services industry.
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.
After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely.
In financial services, if you want to be the best in the industry, you first have to be the best in risk management and credit quality. It's the foundation for every other measure of success. There's almost no room for error.
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