Citigroup CEO says ‘this is not a credit crisis’ after US bank failures
by Reuters
2023-03-23
March 22 (Reuters) - Citigroup Inc (C.N) Chief Executive Officer Jane Fraser expressed confidence in the U.S. banking system after a series of U.S. bank failures rattled investors and fueled turmoil across global financial markets.
The banking sector is "pretty sound," despite high-profile bank closures, Fraser told the Economic Club of Washington D.C. "This is not a credit crisis," she said.
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