“There is going to be and we will not be shy in capturing as an opportunity to simplify our organization further next year when we have more of the divestitures closed and streamlining more of our regional management structures, more of the expenses at the global level.”

In context

“of the company, right? And so that’s what we have been doing, remember the expense base here is probably $7 billion. So you can break down kind of the population that we are talking about. We have already stood up a team work with each of the businesses and each of the functions around getting in front of that cost so that we can drive that down over the near-term period of time. Jane Fraser: And as this got, I just can’t help myself but jump in here. I think as Mark – so I am spotting at Mark here. Mark and I are both pretty maniacally focused around this. But I’d say, at the moment, we have had a couple of the divestitures closed, we have another three next quarter and this continues on. We already started on Australia and the Philippines, and getting those expenses down, as Mark said. There is going to be and we will not be shy in capturing as an opportunity to simplify our organization further next year when we have more of the divestitures closed and streamlining more of our regional management structures, more of the expenses at the global level. So there is more to come on that and we will be looking to do that. As I indicated at Investor Day that will be an important part once more of the divestitures are closed starting in 2023 going into 2024. Betsy Graseck: Right. So you were, Mark’s potentially stranded costs, and Jane, you are no stranded cost, the no stranded cost is in the guide medium-term? Mark Mason: In terms of the… Jane Fraser: Yeah. Mark Mason: … time to get it out, is that, yeah. Jane Fraser: Yes. And I think… Operator: Thank you. Jane Fraser: … that’s why -- as Mark talks about expenses, you have got to look at the various different dynamics that are going on. So, yes, we have got investments into the transformation at the moment. Many of those translate into better efficiency, as well as a safer, stronger firm, t”