U.S. Concessions Help Some Banks Put Best Face on Results

U.S. Concessions Help Some Banks Put Best Face on Results

Some major banks managed to wrest concessions from the government in closed-door negotiations over their stress tests that helped them put the best face on their results, financial analysts, industry officials and sources said.

Citigroup, for instance, was able to apply a $50 billion internal reworking of its capital that hasn't happened yet to emerge with a need to raise just $5.5 billion of common equity, considered the most dependable type of capital.

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