I Do Think There Will Be More

Jpmorgan Was Already, For The Most Part. Our Businesses At Jpmorgan Share The Same Cash-management Systems. The Commercial Bank, The Private Bank, The Retail Bank, They All Use The Branches. The Cash-management System Moves The Money Around The World - For Global Corporations, And For You, The Consumer, Too.

I Wanted To Start By Saying That The Eurozone - There Are Two Reasons They Formed The European Union. One Is For Political Peace And Rationalization. And I Think That's A Good Thing For A Continent That Went Through Hundreds Of Years Of Wars.

Banks Don't Want Certain Asset Classes, And That's Created Opportunities For Private Equity, Hedge Funds, Silicon Valley. In This Case I Think He Was Referring To Some Of The European Banks Shedding Assets, And The Big Buyers Are Probably Not Going To Be Big American Banks. Someone Like Blackstone May Have A Very Good Chance To Buy Those Assets, Leverage Them, Borrow Up A Little Bit, And Do Something Good There.

I Think If We Had Another Set Of Policies For - Not The Crisis Years, But After That, That We Might Be Growing Faster. But We Didn't. And Some Of That Was Republicans' [fault], By The Way.

You Read Constantly That Banks Are Lobbying Regulators And Elected Officials As If This Is Inappropriate. We Don't Look At It That Way.