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Surveillance: Aggressive Cuts with Luzzetti

Bloomberg Surveillance

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The Banking Events of March as a One-Off Event or the Beginning of a Process That Leads to Tighter Financial Conditions?

Morgan Stanley has not only grown organically but inorganically through the acquisitions that you just identified. E-Trade is more of a self-directed product line versus a traditional Morgan Stanley wealth management business. So it diversifies their revenues and you have to give Gorman credit from doing those acquisitions. Gerard, just to wrap things up, just one question to you. I'd love it from a bank analyst just to answer it.

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