FutureBanker: Royal Bank has more extensive offerings across the spectrum of financial services than American banks are currently permitted. How have you prepared to meet this challenge?

Lippert: Mellon, as far as most U.S. banks go, is probably as far forward on that as anyone, with the Dreyfus acquisition. It recently purchased an insurance company in Pennsylvania. We really looked at ourselves more as a financial services company than a bank.

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