A closer look at the 5 banks whose capital plans the Federal Reserve rejected

 

The Federal Reserve is barring Citigroup and four other big banks from increasing their dividends or buying back their own stock because they need better plans for coping with a severe recession. Here’s a look at the banks whose plans were rejected by the Federal Reserve on Wednesday:

Citigroup, based in New York

Assets: $1.88 trillion

Deposits: $968.27 billion

Branches: 4,600 worldwide

HSBC North America Holdings Inc., a unit of London-based HSBC Holdings plc.

Assets: $290 billion

Deposits: $110.3 billion

Branches: 240, mostly in New York

RBS Citizens Financial Group Inc., based in Providence, R.I.

Assets: $122.26 billion

Deposits: $92.24 billion

Branches: 1,367

Santander Holdings, a unit of Spain’s Santander Group. Inc.

Assets: $77.14 billion

Deposits: $49.31 billion

Branches: 700 in the Northeast

ZionsBancorporation, based in Salt Lake City

Assets: $56 billion

Deposits: $46.36 billion

Branches: 471 branches in the West

Sources: The banks, SNL Financial.

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