Now he is doing client stuff. Looks like he's been pushed aside.

This is a very good deal for Citigroup. This deal doesn't change the world. But it has pretty attractive terms and it solidifies our earnings expectations for Citigroup.

First Union doesn't have much of a currency to get into a bidding contest.

When I look at the list, Chase is running the company. Chase paid a lot for J.P. Morgan and it's theirs to run.

This follows a natural progression of the company's strategy and the evolution of developing economies.

This will be a soap opera, with no one writing the script - stay tuned.