Citi’s Fraser Warns Asia Consumer Not ‘Firing on All Cylinders’
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Citigroup Inc. President Jane Fraser said she’s worried about signs the bank is seeing in consumer behavior in Asia as it weighs what a potential recovery could look like in the U.S.
Fraser, who also leads the firm’s global consumer unit, said individuals in recent months have remained cautious about spending, despite the fact that certain parts of Asia weren’t hit as hard by the coronavirus pandemic.