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By Max Reyes, Katherine Doherty, and Hannah Levitt

December 6, 2022 at 1:02 PM UTC

Updated on

December 6, 2022 at 10:06 PM UTC

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Even a bank CEO who’s been at it for almost three decades hasn’t seen an economic environment quite like this one.

Richard Fairbank, the founder and longtime chief executive officer of Capital One Financial Corp., said with inflation running at 40-year highs and unemployment near historic lows, the current economy is unlike anything he and other banking titans have ever seen.