Banking Sector Quotes

“BCCI's ascendancy was also due to business practices that were highly unusual in the staid world of banking. Other banks gave toaster ovens to new depositors; BCCI provided prostitutes... The report says that the woman was reputed to have first won the attention of the royal family "by arranging to get virgin women from the villages from the ages of 16 to 20... According to one U.S. investigator with substantial knowledge of BCCI's activities, some BCCI officials have acknowledged that some of the females provided some members of the Al-Nahyan family were young girls who had not yet reached puberty, and in certain cases, were physically injured by the experience. The official said that former BCCI officials had told him that BBCI also provided males to homosexual VIPs.”
― Craig Unger, House of Bush, House of Saud: The Secret Relationship Between the World's Two Most Powerful Dynasties

“... A bank run never involves just one bank, however large. ... Bank runs are not about capital ratios and liquidity. They're about confidence and psychology.”
― James Rickards, MoneyGPT: AI and the Threat to the Global Economy