CEOs weigh in on banking crisis
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CEOs weigh in on banking crisis
CEOs weigh in on banking crisis
Yahoo Finance is at the Milken Institute Global Conference 2023 in Beverly Hills, CA. We spoke with top CEOs and executives, including Citi CEO Jane Fraser, and others, to discuss the state of the market, private equity, the outlook for regional banking, and more. As a result of the banking crisis, Apollo Global Management CEO Marc Rowan thinks that "people are going to have to figure out how to be good investors going forward." Citi CEO Jane Fraser sees investors starting to pay more attention to the banking crisis, and hopes "that will act as an impetus to get this resolved in a bipartisan way." Regarding the banking crisis, TD Cowen President Jeff Solomon believes that "this phase of any crisis is over." (Disclosure: Apollo is the parent company of Yahoo Finance.) Video highlights: 00:00:03 - Apollo Global Management (APO) CEO Marc Rowan 00:00:36 - Citi (C) CEO Jane Fraser 00:01:08 - TD (TD) Cowen President Jeff Solomon Special Coverage: Highlights, big interviews, and more from the Milken Institute Global Conference
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CEOs weigh in on banking crisis
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Yahoo Finance is at the Milken Institute Global Conference 2023 in Beverly Hills, CA. We spoke with top CEOs and executives, including Citi CEO Jane Fraser, and others, to discuss the state of the market, private equity, the outlook for regional banking, and more.
As a result of the banking crisis, Apollo Global Management CEO Marc Rowan thinks that "people are going to have to figure out how to be good investors going forward."
Citi CEO Jane Fraser sees investors starting to pay more attention to the banking crisis, and hopes "that will act as an impetus to get this resolved in a bipartisan way."
Regarding the banking crisis, TD Cowen President Jeff Solomon believes that "this phase of any crisis is over."
(Disclosure: Apollo is the parent company of Yahoo Finance.)
Video highlights:
00:00:03 - Apollo Global Management (APO) CEO Marc Rowan
00:00:36 - Citi (C) CEO Jane Fraser
00:01:08 - TD (TD) Cowen President Jeff Solomon
Special Coverage:
Highlights, big interviews, and more from the Milken Institute Global Conference
Video Transcript
[AUDIO LOGO]
MARC ROWAN: People are actually going to need to figure out how to be good investors going forward and in a market that has adjustments, corrections, deviations, stresses, that's an Apollo market. You don't make long-term investments if you're measured quarterly. The whole notion or soundbite of private equity as ravaging businesses, was always that, just a soundbite.
We are $400 billion of private credit today, which sounds large, but I assure you, Jamie Dimon, Jane Fraser, Brian Moynihan, and Charlie Sharp, they don't wake up every day wondering what the mighty Apollo is doing. And I like that.
JANE FRASER: We're seeing starting to play out in treasuries, some of the pricing, there is rising concern here. We're starting to see the investors pay more attention to it. And I hope that will act as an impetus to get this resolved in a bipartisan way.
We're a bank on a mission. We're very clear about who we are. We are the preeminent banking [INAUDIBLE] for institutions with cross-border needs. We'll stop [INAUDIBLE]. There's no arrogance about people at Citi. We want to understand, help our clients, put the solutions they need and take pride in it.
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