Citigroup CEO: ‘The banking system is pretty sound’
Summary by Ground News
Citigroup CEO Jane Fraser said Wednesday evening that recent bank failures aren’t a sign of broader trouble in the financial system.
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Times of India
Citigroup CEO declares 'this is not a credit crisis' after US bank failures
"The banking system is pretty sound," and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on Wednesday. "This is not a credit crisis. This is a situation where it's a few banks that have some problems, and it's better to make sure that we nip that in the bud," she said.
Citigroup CEO declares 'this is not a credit crisis' after U.S. bank failures
Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets.
Citigroup CEO: ‘The banking system is pretty sound’
Citigroup CEO Jane Fraser said Wednesday evening that recent bank failures aren’t a sign of broader trouble in the financial system. Her remarks come after Silicon Valley Bank, Signature Bank and Credit Suisse collapsed. Some fear that San Francisco-based First Republic Bank could be the next to fall. “The banking system is pretty sound,” Fraser…
Citigroup CEO declares 'this is not a credit crisis' after U.S. bank failures
Citigroup Inc CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets.