BLOOMBERG Lunch Money March 27, 2014
We are kicking it off with what everyone is talking about today and it is summed up with one word failed. Failed. Failed. Failing is a part of business and part of life, but when it comes to stress tests at the Federal Reserve instituted on big banks after the financial crisis, failing this go round is a big deal. Citigroup ask the fed to return capital to shareholders, more capital to shareholders, an increase in its dividend, currently a penny or larger buyback. Citigroup was rejected by the fed on a qualitative basis. So there is quantitative, numbersbased analysis of banks finances, and ot...