The Fed has announced its stress test results. According to the BusinessInsider the basic gist is that 15 out of the 19 banks won perfect scores, but Citi, Suntrust, MetLife, and Ally all failed on some measures.
Citi is down over 5 percent on news that it won't be allowed to pay a dividend or do an expanded buyout.
That's in sharp contrast, of course, with JPMorgan, which jumped the gun an announced a big dividend and buyback.
Read more: http://www.businessinsider.com/the-fed-stress-test-results-2012-3
Find the Fed's announcement here at http://federalreserve.gov/newsevents/press/bcreg/20120313a.htm
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