The Impact of the Global Investment Banking Landscape on Fees

It's really the big six universal banks, if you will, that are most impacted by trends in the global investment banking landscape. Of the big six, it tends to be a smaller part of the business for Wells Fargo though they did have some very good results last quarter. So on the fee front, we do expect things to be weaker. The question is how are the banks making adjustments to their headcount?