Best quotes by James P. Gorman on Will
Checkout quotes by James P. Gorman on Will
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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.
- James P. Gorman
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‟ 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.
- James P. Gorman
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‟ 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.
- James P. Gorman
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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.
- James P. Gorman
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‟ When it comes time to go into the booth, I will be writing down President Mike Bloomberg.
- James P. Gorman