It's Offensive To Me To Be Called

But In General, As Countries Get Wealthier, There's Going To Be More Savings, Which Means You're Going To Have Intermediation. So Part Of It Is Just The Huge Growth In Wealth, And Part Of It Was Globalization - These Companies, These Clients Getting Much Bigger And Much More Global.

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."

We've Seen The Volatility At Dollar-yen, U.s. Treasurys, Jgbs (japanese Government Bonds), German Bunds.

Finance Went From Being A Small Business, Effectively, To Being A Big Business. In Part, That's The Growth Of The World's Wealth. That's Called Savings.

We Can Take Our Japanese Clients Around The World. We Can Take Them To Brazil, Europe, Anywhere. And We Also Take Companies From Around The World Into Japan.