Citi CEO Jane Fraser sees no banking crisis afoot

CEO of one of U.S.'s largest banks sees demise of Silicon Valley Bank and Signature Bank as contained, with the banking system as a whole in solid shape

Citigroup Inc. Chief Executive Officer Jane Fraser said the U.S. banking system remains in solid shape despite the demise of Silicon Valley Bank and Signature Bank in the past two weeks and a swoon in bank stocks.

Fraser... Citigroup Inc. Chief Executive Officer Jane Fraser said the U.S. banking system remains in solid shape despite the demise of Silicon Valley Bank and Signature Bank in the past two weeks and a swoon in bank stocks. Fraser downplayed any comparisons of the current situation to the global financial crisis after the collapse of Lehman Brothers in 2008.

Bank stocks have swooned this month as speculation mounted about a failure of another bank after Silicon Valley Bank and Signature Bank failed, as well as this past week’s forced merger between UBS Group AG UBS and Credit Suisse CS .

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

MarketWatch /  🏆 3. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Citigroup CEO declares 'this is not a credit crisis' after U.S. bank failuresCitigroup 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.
Les mer »

Mets unveil members-only outfield speakeasy at Citi FieldThe Mets officially unveiled the Cadillac Club at Payson’s on Tuesday, a new speakeasy that will open behind the right-field fence at Citi Field.
Les mer »

Queens lawmaker submits bill to convert Mets’ Citi Field parking lots into casinoA state lawmaker from Queens introduced legislation Wednesday that would allow Mets owner Steve Cohen to redevelop the parking lots around the baseball team’s Citi Field into a casino and ent…
Les mer »

Brendan Fraser's Now And Then Role ExplainedJust a few years before he became a movie star, Brendan Fraser had a small but important role in the understated coming-of-age film Now and Then.
Les mer »