Jane Fraser

Citigroup

2026-09-20 16:49:26

Citigroup CEO Jane Fraser warns AI is raising cybersecurity risks in banking

Citigroup Chief Executive Officer Jane Fraser warned that artificial intelligence is acting as both a tool and a threat in the banking sector, increasing cybersecurity risks for financial institutions. Fraser said the rise of AI is also speeding up regulatory scrutiny, putting more pressure on banks to reassess how they handle risk. According to the brief item cited by Techub and sourced to Crypto Briefing, Fraser’s remarks frame AI as a force reshaping two core areas at once: risk management and investment strategy. Her comments point to a banking environment in which firms are not only adopting AI-driven tools, but also facing a broader set of security and compliance challenges tied to that adoption. The report did not provide additional details on where Fraser made the remarks or which specific regulatory measures or investment changes she was referring to.

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Citigroup

2026-08-14 20:03:41

Citi CEO Jane Fraser backs passage of crypto Clarity Act, while seeking changes

Citigroup CEO Jane Fraser said the bank wants the crypto Clarity Act to become law, though she added that some parts of the bill still need improvement. Fraser said Citi wants regulation that supports innovation while allowing digital asset technology to be adopted safely, describing that outcome as positive for the broader system. The legislation had been expected to move to a vote before lawmakers left for recess last week, but time ran out and the vote is now expected in September. One of the main sticking points remains opposition from the banking lobby, which has objected to crypto companies paying customers yield for holding stablecoins. Fraser repeated that concern, saying smaller U.S. banks play an important role and that deposit reward systems could have harmful effects. Coinbase withdrew its support for the bill in January after clashing with banking executives over whether stablecoin yield should be banned, while institutions including Fidelity and Goldman Sachs have said the revised version works in its current form.

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