Citigroup (C) plans to ask permission for a "minimal" buyback of its shares as part of the...

|About: Citigroup Inc. (C)|By:, SA News Editor

Citigroup (C) plans to ask permission for a "minimal" buyback of its shares as part of the latest Fed stress test. The 19 largest U.S. banks are due to put forward their plans to return capital to shareholders as part of an annual Fed-supervised exercise, and due by Monday. Speculation is that, among other plans outlined for the remaining banks, JPMorgan (JPM) will seek a dividend increase and a share repurchase program.