Citi CEO doesn't see systemic risk lurking in private credit — unless these 3 things converge

Fraser said she doesn't see a systemic risk in private credit. Elizabeth Frantz/Reuters Jane Fraser said on Tuesday she was "sanguine" about risks in private credit. She said a convergence of private credit jitters, AI worry, and war in Iran could be problematic. When it comes to the war, Fraser said "duration" and "containability" are key factors. Citi CEO Jane Fraser said she's "sanguine" on the risks in private credit — at least for now. "There'll be some idiosyncratic risk in there from...