{"id":767609,"date":"2023-07-03T17:10:11","date_gmt":"2023-07-03T21:10:11","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-comments-on-federal-reserve-stress-test-results\/"},"modified":"2023-07-03T17:10:11","modified_gmt":"2023-07-03T21:10:11","slug":"citi-comments-on-federal-reserve-stress-test-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-comments-on-federal-reserve-stress-test-results\/","title":{"rendered":"Citi Comments on Federal Reserve Stress Test Results"},"content":{"rendered":"

<\/p>\n

Citi Comments on Federal Reserve Stress Test Results<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nFurther to its announcement<\/a> that it has completed the Federal Reserve\u2019s 2023 Comprehensive Capital Analysis and Review (\u201cCCAR\u201d) stress test process, Citi today disclosed its Dodd-Frank Act Stress test results, which can be found on the company\u2019s website at https:\/\/www.citigroup.com\/global\/investors\/events-and-presentations<\/a>. Citi also announced that it has initiated dialogue with the Federal Reserve to understand differences in Non-Interest Income (Non-Interest Revenue per Citi\u2019s Financial Reporting presentation) over the nine-quarter stress period between the Federal Reserve\u2019s CCAR results and Citi\u2019s Dodd-Frank Act Stress Test results.<\/p>\n

\nCiti is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.<\/p>\n

\nAdditional information may be found at www.citigroup.com<\/a> | Twitter: @Citi | YouTube: www.youtube.com\/citi<\/a> | Blog: http:\/\/blog.citigroup.com<\/a> | Facebook: www.facebook.com\/citi<\/a> | LinkedIn: www.linkedin.com\/company\/citi<\/a><\/p>\n

Certain statements in this release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Citi\u2019s final Stress Capital Buffer requirement and actual capital levels and capital actions (including common stock dividends) may differ materially from those included in these statements due to a variety of factors. <\/i>These factors include, among others: elevated interest rates and the impacts on macroeconomic conditions, customer and client behavior, as well as Citi\u2019s funding costs; potential recessions in the U.S., Europe and other countries; revisions to the U.S. Basel III rules; continued elevated levels of inflation and its impacts; Citi\u2019s ability to execute against its transformation and other strategic initiatives, including consummation of its remaining exits and wind-downs; potential increased regulatory requirements and costs, and potential impacts to macroeconomic conditions, as a result of recent bank failures; and the precautionary statements included in this release.<\/i> These factors also consist of those contained in Citi’s filings with the U.S. Securities and Exchange Commission, including without limitation the “Risk Factors” section of Citi’s 2022 Form 10-K. Any forward-looking statements made by or on behalf of Citi speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230703845068\/en\/<\/a><\/span><\/p>\n

\nMedia: Danielle Romero-Apsilos (212) 816-2264<\/p>\n

Investors: Jennifer Landis (212) 559-2718<\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Citi Comments on Federal Reserve Stress Test Results NEW YORK–(BUSINESS WIRE)– Further to its announcement that it has completed the Federal Reserve\u2019s 2023 Comprehensive Capital Analysis and Review (\u201cCCAR\u201d) stress test process, Citi today disclosed its Dodd-Frank Act Stress test results, which can be found on the company\u2019s website at https:\/\/www.citigroup.com\/global\/investors\/events-and-presentations. Citi also announced that it has initiated dialogue with the Federal Reserve to understand differences in Non-Interest Income (Non-Interest Revenue per Citi\u2019s Financial Reporting presentation) over the nine-quarter stress period between the Federal Reserve\u2019s CCAR results and Citi\u2019s Dodd-Frank Act Stress Test results. Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market … <\/p>\n

Continue reading “Citi Comments on Federal Reserve Stress Test Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-767609","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCiti Comments on Federal Reserve Stress Test Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-comments-on-federal-reserve-stress-test-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi Comments on Federal Reserve Stress Test Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citi Comments on Federal Reserve Stress Test Results NEW YORK–(BUSINESS WIRE)– Further to its announcement that it has completed the Federal Reserve\u2019s 2023 Comprehensive Capital Analysis and Review (\u201cCCAR\u201d) stress test process, Citi today disclosed its Dodd-Frank Act Stress test results, which can be found on the company\u2019s website at https:\/\/www.citigroup.com\/global\/investors\/events-and-presentations. 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