BRIEF-Citigroup asked to spend $1.2 bln on buybacks

March 7 Thu Mar 7, 2013 5:46pm EST

March 7 (Reuters) - Citigroup Inc : * Says it asked Federal Reserve for permission to spend $1.2 billion on stock buybacks through 1q 2014 * Says it did not ask for dividend hike * Posts capital stress test disclosures on company web site * Says its scoring for stress showed tier 1 common ratio falling to 8.4 percent

versus fed scoring of 8.3 percent

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Comments (1)
plang1 wrote:
citi needs to do a 10-1 stock split to compensate for its ridiculous reverse split under fired pandit…

Mar 07, 2013 6:00pm EST  --  Report as abuse
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