Words matter. These are the best James P. Gorman Quotes, and they’re great for sharing with your friends.
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.
As much as the banking system may not be terribly popular, it is an essential part of the economy.
If you want to spend weekends with your family, something’s got to give.
There are elements of Dodd-Frank that clearly need to be curtailed.
I’m pretty invisible, and that’s just fine.
I think Brexit is disappointing from an economic perspective.
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.
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?
I’ll be very clear about this: I’m not a fan of getting rid of Dodd-Frank.
The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.
I am very proud of my Australian roots.
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.
You can fire your revenues by firing your people.
Supply and demand eventually rebalance. We’ve seen this again and again and again.
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.
When it comes time to go into the booth, I will be writing down President Mike Bloomberg.
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.
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.
I’m not that interested in just being around powerful people for the sake of it.
Bringing world leaders together as human beings rather than political machines is very important.
The world is getting better, but not in a straight line.
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.
We know what we are. Our business is originating, distributing, and managing capital for individuals and institutions.
The U.S. is becoming an industrial heartland again.
If you underperform for your owners, eventually they pick up their bat and ball and go home.
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.
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.
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.
Jamie Dimon is doing a great job; J.P. Morgan is a great institution.
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.
