Our Investment Bank Looks Like It Does

Dodd-frank And Independent Actions Of Banks Go A Long Way In Terms Of Progress On Capital, Liquidity, Transparency, "living Wills" (plans For Winding Down A Bank In The Event Of A Collapse) And Resolutions.

As A Matter Of Fact 25% Of Our U.s. Investment Banking Business Comes Out Of Our Commercial Bank. So It's A Competitive Advantage For Both The Investment Bank - Which Gets A Huge Volume Of Business - And The Commercial Bank Because The Commercial Bank Can Walk Into A Company And Say, "oh, If You Need X, Y And Z In Japan Or China, We Can Do That For You."

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 Good For America When The Rest Of The World Grows, Because You Can Sell More To The Rest Of The World.

Companies That Grow For The Sake Of Growth Or That Expand Into Areas Outside Their Core Business Strategy Often Stumble. On The Other Hand, Companies That Build Scale For The Benefit Of Their Customers And Shareholders More Often Succeed Over Time.