Citigroup CEO expresses confidence in banking system
STORY: "This is not a credit crisis."
That was the message from Citigroup CEO Jane Fraser following the recent turmoil in the banking system.
In a wide-ranging interview at The Economic Club in Washington, Fraser said she had full confidence in the banks.
"This isn't like it was last time. This is not a credit crisis. I mean, 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."
Over the past two weeks, two U.S. banks have collapsed, Credit Suisse has been taken over by its Swiss rival UBS, and America's biggest lenders have agreed to deposit $30 billion in First Republic Bank.
In fact, Fraser's Citi was one of eleven lenders to throw the troubled bank a lifeline, lending it $5 billion dollars in an effort to help it buy time for restructuring.
The rescue efforts failed to stop a 15% plunge in First Republic's shares on Wednesday.
''So one of the great things about this was actually that the banks did all come back together because you think of it, we're all pretty, we usually try and kill each other in different deals that we're trying to do. I mean, you don't, you don't want want to have someone else win a pitch over yourselves. There's a lot of competition between us. But in this instance, this is one where we're in a strong position. We want to stop what could have been a problem."
Fraser went onto add that she was not surprised about the takeover of Credit Suisse, saying that it had only been a matter of time due to management instability and various crises.
相關影片推薦
- 1:51罹大腸癌無法再改車 家屬辦拍賣會延續愛|#鏡新聞鏡新聞43,810 次觀看・9 小時前
- 1:08粉絲抱怨IVE服裝張員瑛又獨自美麗 秋天甚至被說像工地主任:只差一頂安全帽娛樂星聞5,149 次觀看・2 天前
- 1:57Energy太狂!簽唱會湧5千名粉 王子鬆口「棒棒糖」回歸:接洽中TVBS新聞網影音2,331 次觀看・9 小時前
- 1:56搬半年! 前房東傳訊「別報稅」 租客:心裡有鬼TVBS新聞網影音8,247 次觀看・8 小時前
- 1:07王力宏難敵歲月摧殘顏值崩塌! 新造型網友不買單直呼:老態盡顯娛樂星聞11,186 次觀看・1 天前
- 1:41都更後變無家可歸! 住戶拿70萬怨:廁所都買不到東森新聞影音146,513 次觀看・2 天前
- 2:02停紅燈遭後車撞亡 業務員上班遇死劫獨留妻兒TVBS新聞網影音8,879 次觀看・2 天前
- 1:43獨家》玉米太香要現吃?女單手騎車狂啃 下秒慘摔東森新聞影音1,463 次觀看・8 小時前
- 1:42【直擊】余天孫子女終於回家了!樂樂緊抱余筱萍 拉著余祥銓捨不得放娛樂星聞151,351 次觀看・1 天前
- 2:04不是玩具!法國免考照「迷你電車」 突襲現蹤台北東森新聞影音894 次觀看・8 小時前
熱門必看
- 13:05雪力神分析INF人!精彩到連唐老師都忘了講星座!?Ep.216-3唐綺陽談星室31,012 次觀看・5 天前
- 14:06到京都別只衝伏見稻荷神社 想變美、求戀愛運來這才內行Yahoo創作摩人23,114 次觀看・6 天前
- 11:30【淚之女婿】突變劇情被罵爆... 原來賢祐就是白血球?眼淚是海仁找回記憶關鍵?七大《女王》解析&主演幕後故事Ki笑人生44,221 次觀看・3 天前
- 8:05拿水沖香奈兒!?90萬小廢包沒人帶?! 2024精品新趨勢 永續環保最時尚!!Sherry袁曼軒5,654 次觀看・6 天前
- 7:40花200萬存0056後悔了?4年定期定額0050與0056投報大公開!SHIN LI23,298 次觀看・5 天前