James P. Gorman

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

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

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

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

“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.”

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

“I'm pretty invisible, and that's just fine.”

“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.”

“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.”

“If you want to spend weekends with your family, something's got to give.”

“I am very proud of my Australian roots.”

“You can fire your revenues by firing your people.”

“If you underperform for your owners, eventually they pick up their bat and ball and go home.”

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

“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.”

“Markets shouldn't be moving in a straight line.”

“Supply and demand eventually rebalance. We've seen this again and again and again.”

“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.”

“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.”

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