Citigroup Inc CEO Jane Fraser has expressed confidence in US banks after a series of closures rattled investors and fuelled turmoil in global financial markets.“The banking system is pretty sound,” and large and regional banks are well-capitalised, Fraser told the Economic Club of Washington DC 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.
Load More
Load More