(Reuters) - Citigroup Inc had sought approval for $8 billion in share repurchases as a part of the capital plan turned down by the Federal Reserve last month, the Wall Street Journal said, citing sources.
Of the banks tested, only Citigroup, Ally Financial Inc. and SunTrust Banks, Inc. failed the stress tests. In response to the failing of the stress test, Citigroup released a statement saying that they didn't actually fail the stress tests and "that ...
Citigroup (NYSE:C) will report earnings on Monday, April 16, 2012 before the market open. If you think that you can predict the results of the upcoming earnings, you can just buy/sell the stock or calls/puts ahead of earnings.
Shareholders of Citigroup Inc. on Tuesday handed the bank a scathing rebuke, rejecting a board-approved compensation package for its senior executives that boosted Chief Executive Vikram Pandit's 2011 pay to $14.9 million from $1 a year earlier.
The Comptroller of the Currency, which regulates national banks, said on Thursday that Citigroup Inc's Citibank had fallen short in establishing and maintaining programs meant to identify money laundering and other improper flows of money.
Vikram Pandit, the chief executive officer of Citigroup Inc. (C:US), put his home in Greenwich, Connecticut, on the market for $4.3 million, about 5 percent more than he paid for it almost 11 years ago.