If you want to be a survivor in the global banking market, you need size, and the U.S. Is the best place to get it.
Wayne Bopp
global market place banking
The Northeast United States was the biggest hole in Bank of America's footprint, and this fills it. There are many more banks that want to move into the Northeast. It leaves other banks looking at their second and third choices.
choices banks
Lehman has more fixed-income, and fixed-income is where it's at right now.
Revenue growth was very strong. There were a lot of doubters when Bank of America bought Fleet, and the bank has proven them wrong.
growth wrong strong america
Lehman has been working to work away from fixed-income and build up the equity business. We're seeing a payoff.
work business equity working
I'm very happy they got it behind them. For investors on balance it's good news.
happy good balance news
They're kind of in this sweet spot where Wall Street is coming back and they're watching their expenses.
kind sweet wall
The consumer was awesome, the standout in the quarter
awesome
Bankruptcies are down, deposit growth and credit card income is strong, and delinquencies are down.
growth strong income credit
I would expect an acquisition out of Citigroup in North America sooner rather than later
acquisition america
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