Citi CEO Jane Fraser sees US dealmaking rebound, warns of risks
Citigroup CEO Jane Fraser said US dealmaking is rebounding as clearer tax and trade policies ease recession fears, with Citi reporting $3.3 billion in revenue. US investment banking revenue is up 12% YTD to $34.8 billion. Fraser cautioned, though, that "not everything is rosy," citing labour market weakness even as she expects the US to avoid recession.