Citi (C)group CEO Jane Fraser says she is “comfortable” with the findings of an internal probe into Andy Sieg, the bank’s top wealth executive, Bloomberg’s Nicolas Parasie and Joumanna Bercetche report. Fraser told Bloomberg TV that she looked into the matter seriously and is very comfortable with the way it came out, also expressing pleasure with the wealth business’s achievements under Andy Sieg. Fraser also defended Citi’s flexible work policies and struck an upbeat note on the U.S. economy, saying she does not expect a recession and noting that clients have become “much more active” in capital markets.
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