Remember that banks aren't markets. The market is amoral. The market doesn't care who you are. You're a trade to the market. The market will sell you if they think you're riskier. Banks didn't do that

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.

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.

Manipulating currencies is when you're going into the marketplace and buying something in large amounts to depress the value of the currency.

The country [India] is doing far better.

We're going to do the right thing for the company and our customers, all things considered.

I hate the word universal, because I don't know exactly what it means. The question is, does it work for the client? Travelers was a diversified, financial conglomerate that did very well. The businesses had nothing to do with each other.