All Our Clients Know That

I Believe It's A Good Thing That People Say, "can We Find A Way To Live Together In Peace?" And They Did, For The Most Part.

I Think One Could Argue That There's More Political Input Into The Regulatory Side, And On The Regulatory Side There Seem To Be Fewer People With Financial And Banking Experience - There Are More Lawyers, Academics, Economists, Maybe Politicians Now.

Just Because You Have A Good Hand Today Doesn't Mean It's Good Tomorrow. And Some Of The Things We're Doing May Become Very Disadvantageous At Some Point.

I'm Not Going To Name Anybody, But I Think There Are About Five To 10 Global Institutions That Will Emerge As Our Primary Competitors Across The Board. They're Adjusting To This New World, Like We Are.

We Have Built A Very Good Company, And We're Proud Of It. We Also Recognize That Much Of It Has Been Built On The Shoulders Of The Thousands Of Employees And Leaders Who Have Worked Here Before Us.