Aspect Quote by Vince Cable

Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional activities as banks try…

— Vince Cable

As the world has become more predatory and aggressive, my impression is that the investment banking business has moved from being relationship-oriented to being…

— Stephen A. Schwarzman

“Gambling has been fed by knowledge that, if disaster struck, someone else—borrowers, investors, taxpayers—would end up bearing at least some of the losses,” wrote…

— Danielle DiMartino Booth

Financial institutions have been merging into a smaller number of very large banks. Almost all banks are interrelated. So the financial ecology is swelling…

— Nassim Nicholas Taleb

Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

— Ben Bernanke

Investment banking is not a business; it is a personal service where bankers work hand in hand with their clients. And it is a…

— Felix Rohatyn

Understand why casinos and racetracks stay in business - the gambler always loses over the long term.

— Marilyn vos Savant

Big banks, highly leveraged casinos, do whatever they can to keep the cost of their gambling as cheap as possible. This means keeping interest…

— Max Keiser

Most banks - with Deutsche Bank at the top of the spectrum here - have decided that they can't make money lending to barrowers…

— Michael Hudson

With weak balance sheets, banks tend to continue lending unprofitable businesses and leave them existing.

— Toshihiko Fukui

The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that…

— Warren Buffett

The general culture of investment banking has deteriorated over the years. We did a $6 million deal years ago for Diversified Retailing and we…

— Charlie Munger