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James P. Gorman Quotes

Powerful James P. Gorman for Daily Growth

I'm married to a health-conscious American. I try to eat well, but definitely, as an Australian, you have some of the red meat, lamb, steak, barbecues as part of your culture.

- James P. Gorman

Steak, Some, Part, Australian

Banks should decide on dividend increases and share buybacks after receiving the results of stress tests, when they know how much capital regulators wish them to hold.

- James P. Gorman

Stress, Capital, Banks, Dividend

If you're just interested in the prestige of banking, that's not what's going to sustain you. You have to be interested in what we do: managing and originating capital, helping issuers and investors come together is great, bringing these companies to life.

- James P. Gorman

Going, Capital, Helping, Banking

Traditional consumer banking will come under extreme pressure as its central deposit-taking and lending functions are challenged by online savings vehicles, crowdfunding, and loan syndicating by such nontraditional competitors as insurance companies, pension and hedge funds.

- James P. Gorman

Insurance, Loan, Functions, Pension

Jamie Dimon is doing a great job; J.P. Morgan is a great institution.

- James P. Gorman

Doing, Institution, Jamie, Morgan

The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization of capital from providers to users, and facilitation of payments for goods and services.

- James P. Gorman

Capital, Functions, Payments, Essential

Every now and then, markets behave like schoolchildren. They overreact, they run around like crazy.

- James P. Gorman

Behave, Markets, Schoolchildren

There are elements of Dodd-Frank that clearly need to be curtailed.

- James P. Gorman

Need, Clearly, Elements, Dodd-Frank

I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank.

- James P. Gorman

Fan, Very, Getting, Dodd-Frank

The basic architecture of Dodd-Frank makes sense. At the same time, as a number of regulators and legislators have observed, the act was a complex effort that produced thousands of pages of rules.

- James P. Gorman

Sense, Makes, Same Time, Dodd-Frank

As much as the banking system may not be terribly popular, it is an essential part of the economy.

- James P. Gorman

System, May, Essential Part, Banking System

Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.

- James P. Gorman

Disappear, Brothers, Smith, Barney

The Brexit vote, the presidential elections in the U.S., a number of the other regional political movements - that's not a flash in the pan.

- James P. Gorman

Political, Other, Regional, Pan

Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions on hand-held devices made secure by advanced biometrics, even tipping will be done electronically.

- James P. Gorman

Cease To Exist, Advanced, Transactions

The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.

- James P. Gorman

Driver, Within, Global, Consumer

I have a direct way of speaking. What I do is tend to lay out everything; I tend to tell people what I'm going to do and how I'm going to do it and what is success for us and what's not... without being too parochial about it, I think Aussies are more direct.

- James P. Gorman

Tell, I Think, Direct Way, Parochial

You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a very simple reason - the banks were undercapitalized, and returns are a function of earnings and capital.

- James P. Gorman

Career, Reason, Very, Simple Reason

Regulators around the world have achieved an unprecedented level of collaboration since the financial crisis to create global standards for financial institutions. American regulators have largely viewed these international standards as a floor, and imposed higher standards on U.S. institutions.

- James P. Gorman

Financial Crisis, Imposed, Unprecedented

I think Brexit is disappointing from an economic perspective.

- James P. Gorman

Perspective, Think, I Think, Disappointing

Bringing world leaders together as human beings rather than political machines is very important.

- James P. Gorman

Political, Rather, Very, Machines

I certainly have no regret living in the U.S. The quality of life in Australia is good, but it is bloody good here as well.

- James P. Gorman

Living, Here, Certainly, Bloody

I think Americans are very verbal and Aussies are more circumspect, and that can come across as being clearer. It can also come across as abrupt and cold. Some people find me to be abrupt and cold. That's just my personal style.

- James P. Gorman

Some, I Think, Very, Clearer

Look, you deal with the choices you are confronted with.

- James P. Gorman

Choices, Look, Deal, Confronted

You can fire your revenues by firing your people.

- James P. Gorman

Fire, Your, Firing, Revenues

Let's be honest: It wasn't just the banks who messed up. There were a lot of people who tried to buy assets they couldn't afford. That's a reality.

- James P. Gorman

Messed Up, Buy, Banks, Assets

To enable large U.S. banks to support their clients better, the Volcker rule should be clarified.

- James P. Gorman

Better, Clients, Large, Enable

Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!

- James P. Gorman

Sexy, Bring, Talented People, Dynamic

I think anybody who says they don't care about being liked is lying. I care if my dog waves its tail when I come home. But you're not going to make everybody happy.

- James P. Gorman

Everybody, I Think, Anybody, I Care

From our perspective, just narrowly from the financial sector and from our institution, there's nothing good about Brexit.

- James P. Gorman

Financial, Nothing, About, Narrowly

I'm not that interested in just being around powerful people for the sake of it.

- James P. Gorman

Powerful, Interested, Being, Sake

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