Citigroup CEO declares 'this is not a credit crisis' after US bank failures

Citigroup CEO declares 'this is not a credit crisis' after US bank failures https://ifttt.com/images/no_image_card.png"The banking system is pretty sound," and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. 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.