Ms. Weiner said the bank believed that 80 percent of its customers would have lower overall costs under the new program.

The banks, one analyst said, apparently do not believe that.

The banks believed that other countries would be forced to demand similar terms for domestic political reasons.

It's nice to know your bank believes in you.

With almost 5,800 branches, the bank believed that size and smarts were far more crucial than speed.

"Still the conventional banks don't believe lending to the poor works," he said.

The banks believe that the venture, if successful, can eventually be sold in a public offering.

It also suggests that the biggest banks believe the only way to flourish is to create an operation with a nationwide customer base.

And the central banks rightly believe fundamentals like inflation are on their side.

So, do the banks believe housing in the UK is going to fall as well.