You Never Know Exactly How New Policies

The Transaction Reflects Our Disciplined Strategy Of Investing Capital In Core Businesses Where We Can Leverage Scale And Expertise For Competitive Advantage. In Addition To Being A Great Strategic Fit, The Deal Is Compelling Financially.

It's Offensive To Me To Be Called A Cost Cutter.

As A Matter Of Fact 25% Of Our U.s. Investment Banking Business Comes Out Of Our Commercial Bank. So It's A Competitive Advantage For Both The Investment Bank - Which Gets A Huge Volume Of Business - And The Commercial Bank Because The Commercial Bank Can Walk Into A Company And Say, "oh, If You Need X, Y And Z In Japan Or China, We Can Do That For You."

India Is A Huge Democracy. Prime Minister [narendra] Modi Has Ambitions To Try To Fix The Infrastructure, The Rules, Taxes, Education, And To Lift Up The Indian People. And We're Hopeful That That's Going To Create Positive Momentum.

The Trump Administration's Economic Agenda Is The Right Agenda. Corporate Taxes Have Been Driving Capital And Brains And Companies Overseas For A Decade. It Has Caused Huge Damage In Investment And Jobs And Productivity. It Was A Mistake. We Have To Fix It. Counterintuitively, That Usually Helps Middle-class Wages, And Lower-class Wages, And Job Formation.