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Transcripts For KQEH Nightly Business Report 20150312

Reserve to return capital to shareholders. Bank of america has been given conditional approval and will have to resubmit its capital plan while the u. S. Unit of Deutsche Bank and sander has it rejected. The big winner may be citigroup which saw its stock initially rise in after hours training after its capital plan was approved a big change from a year ago when it failed the annual test. Kayla tausche joins us now with more on that. It is a big win for citi kayla. It is. Of course you remember last year when citigroup was rejected on qualitative issues and mike korback said he wanted to take the entirety of 2014 to fix those issues and citigroup by many measures was best in class when capital levels came through in the stress test. And in the form of being able to raise its dividends to 5 cents a share and 7. 8 billion buyback. Previous year only done 1. 2 billion. So this is multiple of what been doing before. Lets talk about how the banks are doing so well. Deutsche bank and sander.

Transcripts For KQED Nightly Business Report 20150312

Reserve to return capital to shareholders. Bank of america has been given conditional approval and will have to resubmit its capital plan while the u. S. Unit of Deutsche Bank and sander has it rejected. The big winner may be citigroup which saw its stock initially rise in after hours training after its capital plan was approved a big change from a year ago when it failed the annual test. Kayla tausche joins us now with more on that. It is a big win for citi kayla. It is. Of course you remember last year when citigroup was rejected on qualitative issues and mike korback said he wanted to take the entirety of 2014 to fix those issues and citigroup by many measures was best in class when capital levels came through in the stress test. And in the form of being able to raise its dividends to 5 cents a share and 7. 8 billion buyback. Previous year only done 1. 2 billion. So this is multiple of what been doing before. Lets talk about how the banks are doing so well. Deutsche bank and sander.

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