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
- 1:26女長期睡機場又大鬧國門 不聽勸阻遭警驅離東森新聞影音200,546 次觀看・21 小時前
- 1:50背刺青「要器捐」 老兵捐心.肝.腎 助4患者TVBS新聞網影音35,877 次觀看・23 小時前
- 1:33日本明星公河馬是「女兒身」 天王寺動物園養七年才發現Yahoo奇摩(國際通)33,116 次觀看・23 小時前
- 1:26白蟻研究重大突破! 興大證實首次發現雜交混種白蟻民視影音17,581 次觀看・19 小時前
- 1:56新北議會衝突!陳明義兒2022選同區 早與蔣根煌結樑子民視影音96,778 次觀看・2 天前
- 1:26婚後婆媳相處狀況曝光 林志玲:我是灰姑娘|#鏡新聞鏡新聞63,439 次觀看・1 天前
- 1:09《淚之女王》即將大結局!預告搶先看 金秀賢一句話讓金智媛瞬間愣住了娛樂星聞2,849 次觀看・16 小時前
- 3:26一分鐘報天氣 / 週五 (04/26) 鋒面再度東移南壓 週五六降雨再增 中南部留意較大雨勢Yahoo奇摩新聞(報氣象)10,235 次觀看・20 小時前
- 1:16麵店「非熟客禁帶兒童」 客人一顆星負評引熱議民視影音4,967 次觀看・19 小時前
熱門必看
- 12:45心理測驗:你愛上同性的機率?唐老師一時口誤節目差點變18禁!?Ep.215-2唐綺陽談星室24,602 次觀看・3 天前
- 14:25昏暗老公寓化身質感美宅 空間感、採光起死回生簡直魔法Yahoo創作摩人3,013 次觀看・1 天前
- 0:18傳承老一輩甜品作法,最純粹的美味!板橋Edenx食旅18,820 次觀看・3 天前
- 16:22『橫濱一日遊』帥爆!見鋼彈最後一面!人也排到爆的橫濱家系拉麵!生日圓夢之旅最終章!戴妮塔 Nita & Dai's Daily1,984 次觀看・6 小時前
- 31:57【日本自由行】大阪→廣島5天4夜完整攻略🤩萬博紀念公園、姬路城、嚴島神社、和平紀念公園、廣島紙鶴塔、岡山倉敷美觀、大倉酒店、八天堂|日本旅遊・Japan 4K vlog吉田社長交朋友9,019 次觀看・4 天前