A good story has things that draw you in, like great management and great fundamentals, ... A good investment has many of the same characteristics.

We've heard it from a host of our clients, both from the broker-dealer and investment-management perspective.

At first glance, I think it's an excellent result. Wealth management and the investment bank are the clear drivers.

As far as we are concerned, our companies and us, we make independent investment decisions. It's the boards and management of our companies that make the investment decisions.

After a thorough evaluation of the investment department's operation under your direction, including the findings of the Management Review Team, your leadership of the investment department does not meet my expectations,

I think there's a kind of 'buyers' strike,' for lack of a better term, ... Until we start seeing some better earnings news, I think the market's going to be in this bottoming phase.