James P. Gorman Quotes
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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.
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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.
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That is what made America great: that everyone had the opportunity to be a winner. And I think it's still there. I'm certainly a beneficiary of it.
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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.
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If you want to spend weekends with your family, something's got to give.
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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.
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There are elements of Dodd-Frank that clearly need to be curtailed.
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As much as the banking system may not be terribly popular, it is an essential part of the economy.
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We know what we are. Our business is originating, distributing, and managing capital for individuals and institutions.
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If you underperform for your owners, eventually they pick up their bat and ball and go home.
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The world is getting better, but not in a straight line.
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I figured if you live in a country long enough, you want to be a part of the political process, and you sort of owe it to your hosts. They've accepted you. Why wouldn't you accept them?
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I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank.
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Every now and then, markets behave like schoolchildren. They overreact, they run around like crazy.
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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.
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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.
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Jamie Dimon is doing a great job; J.P. Morgan is a great institution.
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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.
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From our perspective, just narrowly from the financial sector and from our institution, there's nothing good about Brexit.
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To enable large U.S. banks to support their clients better, the Volcker rule should be clarified.
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I'm one of 10 children, and all my brothers call me Jim. And all my sisters... well, they call me something even more affectionate. My mother calls me James, and I do what my mother tells me.
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Markets shouldn't be moving in a straight line.
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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.
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When it comes time to go into the booth, I will be writing down President Mike Bloomberg.