We got a lot of excellent people and businesses from Bear and WaMu. But Bear definitely was more painful. WaMu got us into Florida, California, and other states, which was a huge benefit - to expand and grow and add middle-market, private banking, investment banking, and other products, too.

I learn from all our major competitors, whether they're in or out of the U.S. Wells Fargo is very actively, very aggressively, and very successfully building its U.S. investment bank.

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

Dodd-Frank and independent actions of banks go a long way in terms of progress on capital, liquidity, transparency, "living wills" (plans for winding down a bank in the event of a collapse) and resolutions.

You have your own culture and your own ways of doing things. I hope Japan continues on this path.

I think the politics have gotten better in the United States, which makes it easier to pass legislation, budgets and treaties.

I do want the tax system to be efficient and be conducive to growth, which it is not.