June 11, 2012 at 14:48 PM EDT
Citi’s Lack of Capital Return is Positive: Sterne Agee
Citigroup (C) announced after the close of trading on Friday that it isn’t planning to return capital to shareholders this year. The bank’s request to return capital to shareholders was rejected by the Fed in March, and the bank didn’t plan to ask the Fed again when it submitted a new capital plan today. Instead, [...]
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