Wall Street's Challenge to Survive Cycle of Change

The transcript discusses the challenges and changes in the banking industry, focusing on the need for banks to earn their cost of capital and the role of leadership in achieving this. It compares the practices of different banks, highlighting the importance of adopting best practices. The discussion also reflects on the leadership styles of prominent figures in the industry and their impact on banking success.

What does the speaker mean by 'right size through a cycle' in the context of the banking industry?

Discuss the implications of having a leader like Jamie Dimon in the banking sector.