We've had softer revenue growth in North America than we want, ... I expect we're going to do a better job.
Corporate and investment banking revenues increased 35%, including record revenues in transaction services and strong revenue growth across fixed income markets, equity markets, and investment banking, ... In Smith Barney, revenues grew 13%. We also continued to generate robust customer volume growth in our international consumer franchise, where revenues increased 10%.
There is naturally a tension between short-term and long-term, ... The key is, you can never sacrifice your long-term growth, your long-term reputation, to the short-term. You miss a quarter, you miss a quarter. You miss a bunch of quarters, that's a different matter.
I don't think we are late to the party. I would already have liked to do it.
If I'm directing something that is off a movie, I won't see the movie because I don't want to copy it.
We have the opportunity to grow the consumer business dramatically.
We've had softer revenue growth in North America than we want. This is something that I think we can do better.
No town of 300,000 wouldn't have a jail.
It is a key priority for Citigroup to resolve major cases like this one and to put a difficult chapter in our history behind us.
More of our growth over the 5 to 10 years will come internationally than nationally. Having their expertise as part of the team effort really gives us a leg up.
The strength of our business franchises continued to generate strong underlying financial results.
Jim is really going to be helping us expand the footprint. We don't need a peacemaker internally.
Excellent performance in our corporate and capital markets driven businesses.
I feel very good about our competitive position.
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