You Would Expect To See That First

I Don't Think You're Going To Have One Bank. Big Companies Aren't Going To Give Us All Their Business. So They Can Pick And Choose - By Product, By Country, Whatever. We Have Major Competition Across Every Product In Every Place We Operate.

Their [american Banks] Big Issue Will Be If They Want To Deal With The Biggest Companies, Which Are Doing A Lot Of Business Overseas. How They Do That Is A Big Question. It's Almost Impossible To Build A Global Investment Bank From Scratch. If They Want To Do That, They Probably Will Have To Do An Acquisition.

Part Of The Reason Some Japanese Companies Have Underperformed Financially Was Corporate Governance And Board Structures.

I Don't Think That [normalization] Necessarily Is Going To Damage The Emerging Economies.

Good Regulation Should Be Conducive To Business And To Customer Protection.