Citigroup Fails the Fed’s Stress Test and CBS Outdoor Americas Makes Solid Debut on the NYSE

Citigroup Inc. (NYSE: C) shares fell this week after the Federal Reserve rejected the plans of Citigroup and four other banks to raise dividend payments and increase stock buybacks. The Fed said the company’s management practices or capital cushions are not robust enough to withstand a severe economic downturn. Twenty five other banks including Bank of America and Goldman Sachs took part in the Fed’s annual stress test and passed for their planned dividend payouts and share repurchases. Citigroup, among others including HSBC North America Holdings and Santandar Holdings USA all were