“And then beyond that and through the medium term, we will see the curve continue to bend.”

In context

“arter just a slowing or quarterly decline? Is it a year-over-year kind of a discussion? I just want to make sure I understand the whole bend the curve notion and how to think about that. Mark Mason: Thank you. Let me take that. I'd say a couple of things. So one, I'd reiterate the expense guidance that we've given for the full year. So that's the roughly $54 billion ex divestitures or the impact of divestitures, ex any impact from FDIC special assessment. Two, as we think about bending the curve, I look into 2024 and we're looking to bring the absolute expense dollars down from Q3 to Q4. So that bending of the curve will occur. It will occur despite having Mexico still part of the franchise. And we obviously still having Mexico impacts the magnitude of the bend, but it will bend Q3 to Q4. And then beyond that and through the medium term, we will see the curve continue to bend. Again, Mexico impacts the magnitude of the band, but we're very, very focused on bringing our costs down and bending that curve. And you've heard us reference the aspects or the elements of our business that help contribute to that, not the least of which are the exits, one of which is Mexico, and you referenced the timing there, but also the benefits from the investments that we've been making in transformation and risk and controls and shifting from manual processes to technology enabled ones. And then the final one is around simplifying our organization. And you heard in Jane's prepared remarks, as we continue to make progress on these exits it opens up the opportunity for us to lean more heavily into that simplification. So we are focused on not only the guidance, but the bending of t”