We've accommodated the new rules and regulations. We've served our clients and had quite good returns.

It's moderate growth, with some parts of the world better than people think, and better than last year [2015].

If the government wants to do social policy, it should not be done in a quasi-public company. If you have a mortgage guarantee company which is done by the U.S. government, it should be guaranteed by the originators, i.e., the shareholder.

You know, the benefit in life is to say, 'Maybe you made a mistake, let’s dig deep.'

I agree with people who say we want more income equality; we want more consumer protection; and we want sounder banks. I agree with all that.

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.

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