--- title: "Meaning & Key Takeaway of: The real problem at the moment is that…" description: "\"The real problem at the moment is that the banks - because of their existing culture, which is frankly anti-business, obsession with short-term trading..." image: "https://sms4smile.com/quotes/i/4b7/vince-cable-10688_banks_the-real-problem-at-the-moment-is-that-t_368018.png" --- # The real problem at the moment is that the banks - because… ![“The real problem at the moment is that the banks - because of their existing culture, which is frankly anti-business, obsession with short-term trading profits, not focusing on the long term - are throttling the recovery of British industry.” quote by Vince Cable](https://sms4smile.com/quotes/i/4b7/vince-cable-10688_banks_the-real-problem-at-the-moment-is-that-t_368018.png) [Download](https://sms4smile.com/quotes/i/4b7/vince-cable-10688_banks_the-real-problem-at-the-moment-is-that-t_368018.png) [Open image](https://sms4smile.com/quotes/i/4b7/vince-cable-10688_banks_the-real-problem-at-the-moment-is-that-t_368018.png) > “The real problem at the moment is that the banks - because of their existing culture, which is frankly anti-business, obsession with short-term trading profits, not focusing on the long term - are throttling the recovery of British industry.” [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Banking culture focused on short‑term profit hampers long‑term industrial recovery in the UK. **In simple terms:** Banks prioritize quick gains, hurting industry growth. Key Takeaway Advocate for banking reforms that support long‑term investment. Themes finance industry reform Mood analytical concerned Type policy economic When to use this quote - business expansion - investment strategy - policy advocacy Key Concepts short‑termism corporate culture Questions to Reflect On - How can regulators incentivize long‑term lending? - What alternatives exist to traditional banking? A Different Perspective Banks may resist change due to profit motives. ★ ★ ★ ★ ★ No ratings yet [Banks](https://sms4smile.com/quotes/about/banks/) [British](https://sms4smile.com/quotes/about/british/) [Culture](https://sms4smile.com/quotes/about/culture/) [Industry](https://sms4smile.com/quotes/about/industry/) [Long term](https://sms4smile.com/quotes/about/long-term/) [Moments](https://sms4smile.com/quotes/about/moments/) [Obsession](https://sms4smile.com/quotes/about/obsession/) [Problem](https://sms4smile.com/quotes/about/problem/) [Profit](https://sms4smile.com/quotes/about/profit/) [Recovery](https://sms4smile.com/quotes/about/recovery/) [Short term](https://sms4smile.com/quotes/about/short-term/) [Time](https://sms4smile.com/quotes/about/time/) [Trading](https://sms4smile.com/quotes/about/trading/) ## Related quotes > [If you look back at history, the various Maharajas of the Indian empire actually helped support a whole British industry. The royalty in those…](https://sms4smile.com/quotes/mark-shand/if-you-look-back-at-history-the-various-maharajas-of-the-indian/) [Mark Shand](https://sms4smile.com/quotes/author/mark-shand/) > [It is the unpleasant and unacceptable face of capitalism, but one should not suggest that the whole of British industry consists of practices of…](https://sms4smile.com/quotes/william-randolph-hearst/it-is-the-unpleasant-and-unacceptable-face-of-capitalism-but-one/) [William Randolph Hearst](https://sms4smile.com/quotes/author/william-randolph-hearst/) > [We need to stop all this over-puffiness of how wonderful everything is going to be when we leave the E.U. Because it's not. It's…](https://sms4smile.com/quotes/anna-soubry/we-need-to-stop-all-this-over-puffiness-of-how-wonderful-everything/) [Anna Soubry](https://sms4smile.com/quotes/author/anna-soubry/) > [I think the British industry is set up to support British film, if we make films that enable them to support it. If you…](https://sms4smile.com/quotes/noel-clarke/i-think-the-british-industry-is-set-up-to-support-british-film-if-we/) [Noel Clarke](https://sms4smile.com/quotes/author/noel-clarke/) > [Labour allowed ourselves to be painted as anti-business for talking about insecurity, when in reality, the opposite was true.](https://sms4smile.com/quotes/sadiq-khan/labour-allowed-ourselves-to-be-painted-as-anti-business-for-talking/) [Sadiq Khan](https://sms4smile.com/quotes/author/sadiq-khan/) > [There are those who are trying to create an anti-business culture in Britain - and we have to stop them. At stake are not…](https://sms4smile.com/quotes/george-osborne/there-are-those-who-are-trying-to-create-an-anti-business-culture-in/) [George Osborne](https://sms4smile.com/quotes/author/george-osborne/) > [I have gotten disturbed at some of the Democrats' anti-business behavior, the sentiment, the attacks on work ethic and successful people. I think it's…](https://sms4smile.com/quotes/jamie-dimon/i-have-gotten-disturbed-at-some-of-the-democrats-anti-business/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [This is not an anti-business administration. This is a pro-business administration. This is an administration that cares about the people of Wisconsin.](https://sms4smile.com/quotes/tony-evers/this-is-not-an-anti-business-administration-this-is-a-pro-business/) [Tony Evers](https://sms4smile.com/quotes/author/tony-evers/) > [You cannot be pro-jobs and anti-business at the same time. You cannot love employment and hate employers.](https://sms4smile.com/quotes/paul-tsongas/you-cannot-be-pro-jobs-and-anti-business-at-the-same-time-you-cannot/) [Paul Tsongas](https://sms4smile.com/quotes/author/paul-tsongas/) > [You can't be pro-labor and anti-business.](https://sms4smile.com/quotes/bobby-schilling/you-can-t-be-pro-labor-and-anti-business/) [Bobby Schilling](https://sms4smile.com/quotes/author/bobby-schilling/) > [We're not anti-wealth. We're anti-greed. We're not anti-business. We're anti-monopoly. We're not anti-government. We're anti-corruption.](https://sms4smile.com/quotes/anonymous/we-re-not-anti-wealth-we-re-anti-greed-we-re-not-anti-business-we-re/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [People with banking experience haven't all flocked to the biggest banks; community banks and regional banks, along with smaller trading houses and credit unions,…](https://sms4smile.com/quotes/elizabeth-warren/people-with-banking-experience-haven-t-all-flocked-to-the-biggest/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Proprietary trading does not belong in banks with FDIC insurance.](https://sms4smile.com/quotes/steve-mnuchin/proprietary-trading-does-not-belong-in-banks-with-fdic-insurance/) [Steve Mnuchin](https://sms4smile.com/quotes/author/steve-mnuchin/) > [Life can be lived at a remove. You trade in futures, and then you trade in derivatives of futures. Banks make more money trading…](https://sms4smile.com/quotes/sebastian-faulks/life-can-be-lived-at-a-remove-you-trade-in-futures-and-then-you-trade/) [Sebastian Faulks](https://sms4smile.com/quotes/author/sebastian-faulks/) > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) ## More by Vince Cable > [The government increasingly resembles somebody who is trying to give the kiss of life to a corpse.](https://sms4smile.com/quotes/vince-cable/the-government-increasingly-resembles-somebody-who-is-trying-to-give/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [Our workforce is very co-operative, very flexible, easy to work with and one of the big selling points. The idea that Britain is still…](https://sms4smile.com/quotes/vince-cable/our-workforce-is-very-co-operative-very-flexible-easy-to-work-with/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [The degree of leverage now being reversed is staggering, and the underlying global imbalances - notably between the savers and the spenders - will…](https://sms4smile.com/quotes/vince-cable/the-degree-of-leverage-now-being-reversed-is-staggering-and-the/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [Fundamental renegotiation is very, very unlikely to produce any significant change](https://sms4smile.com/quotes/vince-cable/fundamental-renegotiation-is-very-very-unlikely-to-produce-any/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [When I was a child we were sufficiently well off for me to be a picky eater and I still cannot eat vegetables cooked…](https://sms4smile.com/quotes/vince-cable/when-i-was-a-child-we-were-sufficiently-well-off-for-me-to-be-a-picky/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [Quite apart from the problem of the vote, it's bad for the image of Parliament that people take the trouble to come up and…](https://sms4smile.com/quotes/vince-cable/quite-apart-from-the-problem-of-the-vote-it-s-bad-for-the-image-of/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [Banks operate like a man who either wears his trousers round his chest, stifling breathing, as now, or round his ankles, exposing his assets.…](https://sms4smile.com/quotes/vince-cable/banks-operate-like-a-man-who-either-wears-his-trousers-round-his/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [I've always been comfortable working with women and I've had two happy marriages. Draw what conclusions you like from that.](https://sms4smile.com/quotes/vince-cable/i-ve-always-been-comfortable-working-with-women-and-i-ve-had-two/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [My college, Fitzwilliam, was pretty good but unfashionable and I lived in digs so I was not part of the cloistered 'old college' environment,…](https://sms4smile.com/quotes/vince-cable/my-college-fitzwilliam-was-pretty-good-but-unfashionable-and-i-lived/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [The Robert Mugabe school of economics provides a salutary warning about uncontrolled monetary expansion in generating hyper-inflation. The road to Harare is not as…](https://sms4smile.com/quotes/vince-cable/the-robert-mugabe-school-of-economics-provides-a-salutary-warning/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [Much of the shadow banking sector, a major contributor to the economic crisis, was also only possible because of taxhaven secrecy.](https://sms4smile.com/quotes/vince-cable/much-of-the-shadow-banking-sector-a-major-contributor-to-the-economic/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [My late wife Olympia was Goan and I've been to India many times. I love the food there. We used to do our shopping…](https://sms4smile.com/quotes/vince-cable/my-late-wife-olympia-was-goan-and-i-ve-been-to-india-many-times-i/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [Well, as I said, you know the issue of Greek debt, they've grasped the principle of debt reduction. I think most people would argue…](https://sms4smile.com/quotes/vince-cable/well-as-i-said-you-know-the-issue-of-greek-debt-they-ve-grasped-the/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other…](https://sms4smile.com/quotes/vince-cable/there-was-of-course-a-global-financial-crisis-but-our-labour/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) > [The economy has become seriously unbalanced. Its growth has not been driven by investment or by overcoming Britain's long-standing weaknesses in investment and productivity,…](https://sms4smile.com/quotes/vince-cable/the-economy-has-become-seriously-unbalanced-its-growth-has-not-been/) [Vince Cable](https://sms4smile.com/quotes/author/vince-cable/) [Explore all 64 Vince Cable quotes ](https://sms4smile.com/quotes/author/vince-cable/) ## More Banks quotes > [What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is…](https://sms4smile.com/quotes/warren-stephens/what-we-prefer-to-do-is-operate-our-investment-bank-in-a-way-that-is/) [Warren Stephens](https://sms4smile.com/quotes/author/warren-stephens/) > [We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a…](https://sms4smile.com/quotes/hillary-clinton/we-now-have-power-under-the-dodd-frank-legislation-to-break-up-banks/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [“Ever notice how the same politicians who claim to be against trickle-down economics have no problem bailing out banks and other politically connected businesses?”](https://sms4smile.com/quotes/colin-m-mcgroarty/ever-notice-how-the-same-politicians-who-claim-to-be-against-trickle/) [Colin M. McGroarty](https://sms4smile.com/quotes/author/colin-m-mcgroarty/) > [My nightmare scenario is that the government saves Citibank once again, as well as the other banks, and business resumes as usual. Then, the…](https://sms4smile.com/quotes/nassim-nicholas-taleb/my-nightmare-scenario-is-that-the-government-saves-citibank-once/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [“The rich run a global system that allows them to accumulate capital and pay the lowest possible price for labour. The freedom that results…](https://sms4smile.com/quotes/charles-moore/the-rich-run-a-global-system-that-allows-them-to-accumulate-capital/) [Charles Moore](https://sms4smile.com/quotes/author/charles-moore/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [Much of what Germany and France have done in the rescue of Greece has also helped German and French banks, who for a long…](https://sms4smile.com/quotes/mario-monti/much-of-what-germany-and-france-have-done-in-the-rescue-of-greece-has/) [Mario Monti](https://sms4smile.com/quotes/author/mario-monti/) > [The world needs banking but it does not need banks.](https://sms4smile.com/quotes/bill-gates/the-world-needs-banking-but-it-does-not-need-banks/) [Bill Gates](https://sms4smile.com/quotes/author/bill-gates/) > [Banks are the temples of America. This is a holy war. 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And no banks means cash houses. -Mia](https://sms4smile.com/quotes/fast-five/no-paper-trail-means-no-banks-and-no-banks-means-cash-houses-mia/) Fast Five > [I did something that challenged the banking world. Conventional banks look for the rich; we look for the absolutely poor. All people are entrepreneurs,…](https://sms4smile.com/quotes/muhammad-yunus/i-did-something-that-challenged-the-banking-world-conventional-banks/) [Muhammad Yunus](https://sms4smile.com/quotes/author/muhammad-yunus/) [Browse all 387 Banks quotes ](https://sms4smile.com/quotes/about/banks/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "The real problem at the moment is that the banks - because of their existing culture, which is frankly anti-business, obsession with short-term trading profits, not focusing on the long term - are throttling the recovery of British industry.", "creator": { "@type": "Person", "name": "Vince Cable" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/vince-cable/the-real-problem-at-the-moment-is-that-the-banks-because-of-their/", "about": { "@type": "Thing", "name": "Banks" }, "@id": "https://sms4smile.com/quotes/vince-cable/the-real-problem-at-the-moment-is-that-the-banks-because-of-their/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/4b7/vince-cable-10688_banks_the-real-problem-at-the-moment-is-that-t_368018.png", "contentUrl": "https://sms4smile.com/quotes/i/4b7/vince-cable-10688_banks_the-real-problem-at-the-moment-is-that-t_368018.png", "url": "https://sms4smile.com/quotes/i/4b7/vince-cable-10688_banks_the-real-problem-at-the-moment-is-that-t_368018.png", "width": 1080, "height": 1080, "caption": "“The real problem at the moment is that the banks - because of their existing culture, which is frankly…” — Vince Cable", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Vince Cable", "item": "https://sms4smile.com/quotes/author/vince-cable/" }, { "@type": "ListItem", "position": 4, "name": "The real problem at the moment...", "item": "https://sms4smile.com/quotes/vince-cable/the-real-problem-at-the-moment-is-that-the-banks-because-of-their/" } ], "@id": "https://sms4smile.com/quotes/vince-cable/the-real-problem-at-the-moment-is-that-the-banks-because-of-their/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```