Stress buffer will not upend Citi’s capital plans
CET1 capital at lowest level since Q3 2013
Citi gave away $22 billion to shareholders in 2019, depleting its Common Equity Tier 1 (CET1) capital to $137.9 billion, its lowest level since Q3 2013. But although the Federal Reserve intends to impose a new stress buffer soon, Citi managers do not expect to have to turn off the capital taps.
The New York-based lender reported a ratio of CET1 capital to standardised risk-weighted assets (RWAs) of 11.7% for Q4 2019, up from 11.6% in Q3 but down from 11.9% the same quarter a year ago. Citi is
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