Citigroup CEO declares 'this is not a credit crisis' after U.S. bank failures

Citigroup CEO declares 'this is not a credit crisis' after U.S. bank failures

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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. "The banking system is pretty sound," and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on…

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