Speaking before the Senate Banking Committee, Citigroup CEO Jane Fraser believes that raising capital requirements for large banks is a bad idea, especially when there is still a chance of recession. She details Citigroup's initiatives to increase access to credit and explains that the Basel III reform proposals would make credit and other financial activities more expensive, especially for small businesses and consumers, and could shift more business to the less-regulated non-bank sector

(MT Newswires)

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