Because of that [Brexit], you're going to have slow growth and, unfortunately, while there may not be huge volatility, there will be volatility.

I do think there will be more Japanese companies expanding out of Japan, and there will be more cross-border flow from Japan.

JPMorgan is a very good franchise. And the way you should look at a franchise, a business, is from the standpoint of the customers.

JPMorgan Chase are among the most successful global investment banks, most successful global asset managers, and, in the United States, one of the most successful retail and commercial bankers. We do a great job for customers.

Businesses can be opaque. They are complex. You don't know how aircraft engines work either.

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.

Banks also have to say no to customers. We can't always give clients what they want; it may not be in the client's best interest.