Wisdom is Wealth: 15 Wise Quotes for Bank Manager
Quotes That A Bank Teller Must Read
Caution
“Adventure is the life of commerce, but caution is the life of banking.” – Walter Bagehot
Beware
“Beware of little expenses. A small leak will sink a great ship.” – Benjamin Franklin
Sensitive
“Bank confidence is a fragile reed, and a troubled bank is damaged by any rumors, true or not.” – Irvine Sprague, former chairman of the Federal Deposit Insurance Corporation
Balancing
“The art of banking is always to balance the risk of a run with the reward of a profit. The tantalizing factor in the equation is that riskier borrowers pay higher interest rates. Ultimate safety – a strongbox full of currency – would avail the banker nothing. Maximum risk – a portfolio of loans to prospective bankrupts at usurious interest rates – would invite disaster. A good banker safely and profitably treads the middle ground.” – James Grant
Lack of knowledge
“The real threat is not a bank’s management hiding things from us: it’s the management not knowing themselves what the risks are, either because nobody realises it or because some people are keeping it from their bosses.” – Joris Luyendijk
Bank Teller: Before and After
Before and After
“As sure as the spring will follow the winter, prosperity and economic growth will follow recession.” – Bo Bennett
Risky
“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.” – John Stumpf
Money
“No man’s credit is as good as his money.” – E.W. Howe
Danger
“Banks get in trouble for one reason: They make bad loans.”- Carl Webb, co-managing member of Ford Financial Fund
Smart
“Sometimes your best investments are the ones you don’t make.” – Donald Trump
Value
“So, I’ve always believed that one’s reputation is extremely important and that decisions are often made according to the general reputation a firm has, not so much by the fact that they will perform a service a little cheaper and a little faster. Reputation is what matters.” – John Whitehead, former chairman of Goldman Sachs
Discover 49 famous quotes about success
Profit
“The only good loan is one that gets paid back.” – Robert Wilmers, chairman and CEO of M&T Bank
Anticipate
“No one has the right to not assume that the business cycle will turn! Every five years or so, you have got to assume that something bad will happen.” – Jamie Dimon, chairman and CEO of JPMorgan Chase
Plan
“Never begin the day until it is finished on paper.” – Jim Rohn
Full of Life
“The economy is a very sensitive organism.” – Hjalmar Schacht
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