Financial Services Industry Outlook Challenges and Opportunities in 2008

1 FINANCIAL SERVICES INDUSTRY OUTLOOK, ECONOMIC OUTLOOK
　　The Current U.S. Economic Outlook
　　　　The Current U.S. Economic Outlook
　　Economic Fundamentals
　　　　Economic Fundamentals
　　The Federal Reserve's Response
　　　　The Federal Reserve's Response

2 FINANCIAL SERVICES INDUSTRY OUTLOOK, INDUSTRY OUTLOOK
　　The Weakened Financial Services Industry
　　　　The Weakened Financial Services Industry
　　The Importance of Perspective
　　　　The Importance of Perspective

3 FINANCIAL SERVICES INDUSTRY OUTLOOK, GROWTH OPPORTUNITIES
　　Optimizing Growth Opportunities in the Current Economic Climate
　　　　Optimizing Growth Opportunities in the Current Economic Climate
　　Consider Spending Not Cutting Costs
　　　　Consider Spending not Cutting Costs
　　Think Globally
　　　　Thinking Globally

4 FINANCIAL SERVICES INDUSTRY OUTLOOK, CONCLUSION
　　Conclusion and Lessons Learned
　　　　Conclusion and Lessons Learned