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."
Jamie DimonWe did not anticipate the political fallout from it. We definitely didn't need it and we paid it back the first day we were allowed to.
Jamie DimonI've asked our people, "Why don't we just put a revolver on top of our basic loan?" Make it easier for the client.
Jamie DimonIf you're making all your money simply betting on interest rates, that's not a business. Flow is a business. On the outside, they look the same for a while. But when you dig into them, no, they weren't exactly the same.
Jamie Dimon