Citigroup needed something positive. It reported increased revenue and profit during its Q1 earnings Monday, which is fortunate, given that “the global banking group could use some good news to counter the disappointment after it recently failed the Fed’s stress test,” Forbes noted last week.
Stress testing, or the U.S. Federal Reserve’s Comprehensive Capital Analysis and Review (CCAR), is a rigorous examination that delves into the health of banks via 25 crisis-simulating variables. Such....