My operating assumption is we will always have very tough competition. And even with some European banks struggling right now, some of them can reemerge - and maybe even stronger.

It's great that people get together and collaborate, talk about the facts and the analysis, all in the interest of having a great financial system.

Not every company went bankrupt. Not every bank needed TARP [Troubled Asset Relief Program]. So I'm very proud that JPMorgan, throughout that time period, was completely steadfast. We bought Bear Stearns because we thought we were helping the situation. We didn't cut and run.

Prime Minister Modi [Narendra] is strong enough, and he's accomplished much.

I do believe that some of these regulations made the markets more volatile, and it remains to be seen how bad that can be.

Our plate is full. We have a lot to do building our company organically and that is our key focus.

I know the President [Barack Obama]. I like him and respect him. That does not mean I agree with all of our government's policies, whether they come from Democrats or Republicans.