A closer look at the 5 rejected banks
A closer look at the 5 banks whose capital plans the Federal Reserve rejected
The Federal Reserve is barring Citigroup and four other big banks from increasing their dividends or buying back their own stock because they need better plans for coping with a severe recession. Here's a look at the banks whose plans were rejected by the Federal Reserve on Wednesday:
Citigroup, based in New York
Assets: $1.88 trillion
Deposits: $968.27 billion
Branches: 4,600 worldwide
HSBC North America Holdings Inc., a unit of London-based HSBC Holdings plc.
Assets: $290 billion
Deposits: $110.3 billion
Branches: 240, mostly in New York
RBS Citizens Financial Group Inc., based in Providence, R.I.
Assets: $122.26 billion
Deposits: $92.24 billion
Branches: 1,367
Santander Holdings, a unit of Spain's Santander Group. Inc.
Assets: $77.14 billion
Deposits: $49.31 billion
Branches: 700 in the Northeast
ZionsBancorporation, based in Salt Lake City
Assets: $56 billion
Deposits: $46.36 billion
Branches: 471 branches in the West
Sources: The banks, SNL Financial.