...A. Highlights: Delivered solid performance in a challenging environment. 1. 2. Net revenues, $12.2b. 3. Generated EPS, $8.79 and an ROE of 11.6% and an ROTE of 12.6%. 4. 1Q was certainly volatile, particularly for the banking sector, after a fairly benign operating environment at the start of the year, in March, Co. witnessed the collapse of two regional banks in US. Stress quickly spread to a number of institutions across the financial sector, where Co. saw ratings downgrades and steep valuation declines in very short order. a. These stresses were not limited to US, as Co. saw when regulators help arrange the combination of Switzerland's two largest financial institutions. i. b. It's important to appreciate the size of the disruption. Some of the market moves during the period were staggering, particularly in interest rates. i. c. To give a sense of the magnitude, there have been just four days in the past 25 years that have seen two-year yields move by 50 BP or more intraday. One was...