I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.

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

You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff where the capital charge is so high that a bank simply will not own it. Someone will buy it, hedge it, trade it. But it won't typically be a bank.

The transaction reflects our disciplined strategy of investing capital in core businesses where we can leverage scale and expertise for competitive advantage. In addition to being a great strategic fit, the deal is compelling financially.

I don't think that [normalization] necessarily is going to damage the emerging economies.

All businesses tend to pass costs onto customers.

I want you to say to me right from the start, "We are here to serve customers. We're not here for me to make a lot of money. We're not here to bet on interest rates or credit spreads. We are here to serve our customers really well over a long period of time, and that's how you build a successful business." And so I want to see that, too, you know?