Citi CEO Jane Fraser denied the prospect of an asset cap after being pressed by two analysts. CFO Mark Mason said Citi is reevaluating its budget and strategy to fix regulatory problems quicker. AdvertisementCiti topped Wall Street expectations this quarter, but CEO Jane Fraser was dogged by questions regarding the bank's regulatory fate. Fraser was asked three times for reassurances that Citi did not and would not have an asset cap before answering the question. "We do not have an asset cap and there are no additional measures other than what was announced in July in place and not expecting any."

---

Persons: Sen, Elizabeth Warren, Jane Fraser, Mark Mason, —, Fraser, Vivek Juneja, Warren's, Anand Selva, Wells, Mike Mayo —, I'm, Mayo, Mason, Tim Ryan Organizations: Citi, Service, OCC, Federal Reserve Locations: Selva