But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.

Wall Street gives money to both [Democrats and Republicans] because they want to be on the good side of whoever becomes president .

A democracy is a compromise by its nature. It's not a dictatorship.

On Wall Street, there is no "Wall Street"; there are individuals.

If you look at the banking business over many years, it's always been a huge user of technology. This has been going on my whole life, that people have been adding technology, digitizing services.

They [Chinese] have very smart, experienced people. I don't want to paint them all with the same brush. There was a little bit of a feeling that the stock market, which went from something like $4 trillion in valuation to $10 trillion, that the Chinese wanted that.

All our clients know that we're there, we're steady, we do a good job, we earn a fair return for ourselves, which I think is critical.