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Citigroup Is Not Going To Fail Another Stress Test

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Couldn't possibly look more excited.

What’s more, Mike Corbat has some other goodies for his shareholders in the works as well.

Morgan Stanley’s Betsy Graseck says the bank is “well positioned” for the Federal Reserve’s stress tests this spring. She estimates that Citigroup has asked for a dividend increase of four cents a share and for permission to buy back $4 billion in stock.

The buyback ask could be even higher if Citigroup uses the proceeds from the pending sale of the subprime lending business, OneMain, says Ms. Graseck.

Citigroup Shareholders Could See a Windfall [WSJ MoneyBeat blog]


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