A biography for James P. Gormanhasn’t been written yet.
“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?”
“Jamie Dimon is doing a great job; J.P. Morgan is a great institution.”
“From our perspective, just narrowly from the financial sector and from our institution, there's nothing good about Brexit.”
“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.”
“When it comes time to go into the booth, I will be writing down President Mike Bloomberg.”
“I'm not that interested in just being around powerful people for the sake of it.”
“The world is getting better, but not in a straight line.”
“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.”
“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.”
“The U.S. economy is the global economic driver. And within the U.S. economy, the U.S. consumer is the global driver.”
“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.”
“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't operate a business running at a loss, and particularly if you're doing it by paying yourselves. It just doesn't fly.”
“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.”
“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.”
“We know what we are. Our business is originating, distributing, and managing capital for individuals and institutions.”
“I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank.”
“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.”
“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.”
“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.”