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— Jamie Dimon"Our commercial bank [JPMorgan] is only in the U.S. We are serving what you call SMEs - small businesses, private companies."
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Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs.
— John Gutfreund
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If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn't have, as banks can do. Only commercial banks and trust companies can lend money that they manufacture by lending it.
— Irving Fisher
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