Gorman also commented on rival JPMorgan's recent settlements with the government: "The decision to buy Bear Streans and Washington Mutual, which ... helped the American financial system, was made by the support, if not the request of the U.S. government, was both a bold decision [and] generally a positive decision for the markets, but it had consequences."
"Jamie [Dimon] is a great guy," Gorman added. "We need strong financial institutions in the U.S., no question about it. So we should be celebrating when our banks are doing well."
Gorman had this to say about the hot water some Wall Street firms find themselves in over hiring the children of China's elite: "Hiring somebody who's a child of somebody in government is not a bad thing. There are a lot of talented people who come from those families. All you have to do is have the appropriate conflict controls." He added, "It could be China or it could be in the U.S. It makes no difference."
Gorman was also asked for suggestions on who should be on CNBC's 25 most influential business leaders list that the network is compiling as part of its 25th anniversary.
(You can vote, too: Who mattered the last 25 years—and who didn't?)
"I think Hank Paulson made some of the courageous decisions in the shortest period of time [during the financial crisis] that anybody has been put under the pressure to do," he said. "TARP, I think, was extraordinary. It was innovative."
Paulson would be No. 1, Gorman said, and "probably be two and three" as well.
He put Ben Bernanke in the top five. "The troika at the time, [Tim] Geithner, Bernanke, and Paulson. This was the Yankees at the top of their game. We were lucky to have them at the plate at that point in time. Hopefully all three of them were on that list."
—By CNBC's Matthew J. Belvedere. Follow him on Twitter