Citizens Financial (CFG) Declares SCB & Planned Capital Actions

The 2024 Fed's stress test determined Citizens Financial Group, Inc.'s (CFG) preliminary Stress Capital Buffer (SCB) at 4.5%. This implied a regulatory minimum CET1 ratio of 9%, up from 8.5% in 2023. According to the Federal Reserve's stress test results released on Jun 26, 2024, CFG is among the 31 U.S. banks that successfully passed the test. As of Mar 31, 2024, the company had total borrowed funds of $13.8 billion, while total available liquidity (comprising cash and due from banks, interest-bearing cash ...