James P. Gorman Quotes
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Markets shouldn't be moving in a straight line.
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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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I am very proud of my Australian roots.
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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 think Brexit is disappointing from an economic perspective.
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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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I'm pretty invisible, and that's just fine.
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Look, you deal with the choices you are confronted with.
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Bringing world leaders together as human beings rather than political machines is very important.
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I'm not that interested in just being around powerful people for the sake of it.
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Supply and demand eventually rebalance. We've seen this again and again and again.
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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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You can fire your revenues by firing your people.
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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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The U.S. is becoming an industrial heartland again.
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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 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.