James P. Gorman Quotes
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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.
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Supply and demand eventually rebalance. We've seen this again and again and again.
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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.
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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.
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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.
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Bringing world leaders together as human beings rather than political machines is very important.
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The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.
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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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I'm not that interested in just being around powerful people for the sake of it.
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You can fire your revenues by firing your people.
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The U.S. is becoming an industrial heartland again.
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Look, you deal with the choices you are confronted with.
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I am very proud of my Australian roots.
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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.
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Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.
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You can't operate a business running at a loss, and particularly if you're doing it by paying yourselves. It just doesn't fly.
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Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!
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I think Brexit is disappointing from an economic perspective.
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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.
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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.