Citigroup, SunTrust Banks Capital Plans Fail Fed Stress Tests

Citigroup Inc. (C), the lender that took the most government aid during the financial crisis, will resubmit its capital plan to regulators after failing to meet some minimum standards in Federal Reserve stress tests.

SunTrust Banks Inc. (STI), Ally Financial Inc. and MetLife Inc. also fell short by at least one measure under the central bank’s most dire economic scenario, according to results released by the Fed today. Ally also intends to resubmit its plan, the company said in a statement.

Read the rest here.