Citigroup, one of the largest banks in the U.S., has had a difficult year. Not only did the bank have to deal with the struggles from the coronavirus pandemic, but it also spent a good chunk of the year dealing with regulatory issues related to deficiencies with the bank’s internal controls.
While the bank has rebounded in recent months along with the sector, I think Citigroup arguably got some of its best news of the year when the Federal Reserve recently released its second round of stress testing results.
Here’s why.
