HUFFINGTON POST

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

06/07/2009 05:12 am ET | Updated May 25, 2011

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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