Quotes from James P. Gorman

The U.S. is becoming an industrial heartland again.

From our perspective, just narrowly from the financial sector and from our institution, there's nothing good about Brexit.

We know what we are. Our business is originating, distributing, and managing capital for individuals and institutions.

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

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.

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

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.

When it comes time to go into the booth, I will be writing down President Mike Bloomberg.

Jamie Dimon is doing a great job; J.P. Morgan is a great institution.

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.

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

The world is getting better, but not in a straight line.

Markets shouldn't be moving in a straight line.

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.

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

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.

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.