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[applause] thank you, sabrina. Thank you all for being here. As you know, recently there has been a lot more interest in the role banks play in global economies and communities, particularly when it comes to very big mergers. The failure of the silicate valley bank, generated a lot of talk and those of you who have been Community Groups on the front line, and crc on others, have been asking some tough questions about what we are doing to make sure banks are serving the community. More recently, there has been some announcement of big proposed mergers between credit card giants. In february, the Banking Industry sued the regulators regarding Community Reinvestment act. So i thought i would spend a little time today talking about how we should think about why banks serve communities and neighborhoods. I think a ....
[applause] thank you, sabrina. Thank you all for being here. As you know, recently there has been a lot more interest in the role banks play in global economies and communities, particularly when it comes to very big mergers. The failure of the silicate valley bank, generated a lot of talk and those of you who have been Community Groups on the front line, and crc on others, have been asking some tough questions about what we are doing to make sure banks are serving the community. More recently, there has been some announcement of big proposed mergers between credit card giants. In february, the Banking Industry sued the regulators regarding Community Reinvestment act. So i thought i would spend a little time today talking about how we should think about why banks serve communities and neighborhoods. I think a ....
[applause] thank you, sabrina. Thank you all for being here. As you know, recently there has been a lot more interest in the role banks play in global economies and communities, particularly when it comes to very big mergers. The failure of the silicate valley bank, generated a lot of talk and those of you who have been Community Groups on the front line, and crc on others, have been asking some tough questions about what we are doing to make sure banks are serving the community. More recently, there has been some announcement of big proposed mergers between credit card giants. In february, the Banking Industry sued the regulators regarding Community Reinvestment act. So i thought i would spend a little time today talking about how we should think about why banks serve communities and neighborhoods. I think a ....
[applause] thank you, sabrina. Thank you all for being here. As you know, recently there has been a lot more interest in the role banks play in global economies and communities, particularly when it comes to very big mergers. The failure of the silicate valley bank, generated a lot of talk and those of you who have been Community Groups on the front line, and crc on others, have been asking some tough questions about what we are doing to make sure banks are serving the community. More recently, there has been some announcement of big proposed mergers between credit card giants. In february, the Banking Industry sued the regulators regarding Community Reinvestment act. So i thought i would spend a little time today talking about how we should think about why banks serve communities and neighborhoods. I think a ....
Second, they may be inhibiting their ability to explore world markets. And i dont care what country you are, even if the Global Economy is bigger than you are. Dont cut yourself off from access to it. The same message needs to get to the european who is are struggling with a Single Market which at the same time may be accidentally preventing themselves from participating in a Global Market and letting the Global Market participate in the european one. So my message has always been economic. It is in your interests, mr. President , to invest in the internet, to keep it as open as possible and to allow your creative population to make use of it. No country has a corner on creativity and invention. Its uniformly distributed throughout the population of the world. Its just ....