Why Citi Is Holding Its Annual Shareholder Meeting 1,000 Miles Away From Its Corporate Headquarters
Because the bank is in the midst of one of its biggest crises since 2008. It isn't webcasting the event either, prompting one analyst to say that symbolically Citi looks like it is "running and hiding."
Fed Says All Megabanks Could Withstand Economic Crisis
The Fed's stress test says 29 of the 30 largest banks are well capitalized enough to survive a large shock, but the biggest banks would take the largest hits. Update: The Federal Reserve made errors in calculating some minimum capital ratios and has released new figures which are included.