KQED Nightly Business Report March 27, 2014
It the right fit . We have all that and more tonight on nightly Business Report for this wednesday, march 26th. Good evening, everyone, and welcome. It is a big evening for banking news. The Federal Reserve coming down hard on a number of financial institutions. Barring them from increasing their dividends or buying back their own stocks until they have enough cash on hand to withstand another big financial shock. Citi group is the biggest bank that got its capital return plans rejected by the feds, sending shares lower initially in late trading today. The decision is a blow to the bank and ma...