Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Goldman Sachs Group Inc. and Bank of America Corp. passed only after reducing their requests for buybacks and dividends. Citigroup, as well as U.S. units of Royal Bank of Scotland Group Plc, HSBC Holdings Plc and Banco Santander SA, failed because of qualitative concerns about their processes, the Fed said today in a statement…Regulators seeking to prevent a repeat of the 2008 financial crisis have run annual tests on how the largest banks would fare in a similar recession or economic shock…Citigroup, which last year asked for the least capital return among the five largest U.S. banks after having its plan rejected in 2012, would have passed this year’s test on quantitative grounds alone…The central bank identified multiple deficiencies in Citigroup’s planning practices, including areas the Fed had flagged previously. [Bloomberg]

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  1. Posted by Guest | March 26, 2014 at 5:02 PM

    Shouldn't have hired a guy named Mr Mexico.

  2. Posted by Quant me maybe... | March 26, 2014 at 5:06 PM

    !

    >Citi sucks.

  3. Posted by Guest | March 26, 2014 at 10:49 PM

    Now its clear why Citi never sleeps. I would have insomnia too if my balance sheet was such mess.

  4. Posted by ShittiGroupings.... | March 27, 2014 at 4:38 PM

    Practicings on the countings needed —– wantting upgradings??