Home / Quotes / Quote by Robert G. Wilmers

Quote by Robert G. Wilmers

“In the simplest sense, the key to the performance of any traditional commercial bank ... is the profitability of the loans it makes.”

Quote by Robert G. Wilmers

Author

Robert G. Wilmers

Robert G. Wilmers, born in 1935, is an accomplished businessman with extensive experience in the financial and business sectors. He has held several senior positions in well-known financial institutions and has served as the CEO of several companies, leading them to significant growth and market expansion. more

You May Also Like

“The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.”

Has Beens Common Mistake Industry Majors Twenties Exception Assets Portions Banking Equity Ratios

Author:Warren Buffett

“[T]he only good loan is one that gets paid back.”

Paid Banking Loan

Author:Robert G. Wilmers

“Deposit insurance has proved to be the crack cocaine of American finance.”

Finance Cracks Banking Cocaine Deposits

Book:The Greatest-Ever Bank Robbery: The Collapse of the Savings and Loan Industry

Source: The Greatest-Ever Bank Robbery: The Collapse of the Savings and Loan Industry

“You can't control income. It varies based on conditions outside of [your] control. But you can control expenses.”

Conditions Income Expenses Banking Vary

Author:Sanford I. Weill

“The goal [is] not only to earn high returns at the top of the cycle but also to avoid giving them back at the bottom.”

Giving Goal Return Bottom Cycles Banking

Book:Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase

Source: Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase

“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.”

Years Happens Turns Five Assuming Five Years Cycles Banking

Author:Jamie Dimon

“Money never declines. Money just moves.”

Moving Decline Banking

Author:Richard M. Kovacevich

“Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things; then we'll buy them.”

Stupid Waste Banking Stupid Things

Author:Jamie Dimon

“I advise other companies' CEOs, don't fall into the trap where you go, 'Where's the growth? Where's the growth?' Where's the growth?' They feel a tremendous pressure to grow. Well, sometimes you can't grow. Sometimes you don't want to grow. In certain businesses, growth means you either take on bad clients, excess risk, or too much leverage.”

Want Feels Wells Mean Sometimes Certain Fall Grows Growth Company Too Much Risk Pressure Excess Clients Traps Ceo Banking Advise Business Growth

Author:Jamie Dimon

“Every banker knows that if he has to prove that he is worthy of credit, however good may be his arguments, in fact his credit is gone: but what we have requires no proof.”

Ifs Knows Facts Gone Prove Worthy Credit Banking Bankers

Author:Walter Bagehot