Citigroup is one of five of America's 30 largest banks to have its capital return plans rejected by the Federal Reserve. As part of its annual review, the Fed vets too-big-to-fail banks to see how well they can weather economic stress. Citigroup's plan to buyback $6.4 million in shares and increase the quarterly dividend to 5 cents in fiscal 2014 was seen as too risky to approve in the context of the bank's current financial position. Citibank will submit a revised plan for review.

More from Video

Video: The Wave of Market Volatility Paves the Way for Target Date Funds

Video: The Wave of Market Volatility Paves the Way for Target Date Funds

Twitter Founder Jack Dorsey Deserves a Nice Tweet After Q1 Results

Twitter Founder Jack Dorsey Deserves a Nice Tweet After Q1 Results

Facebook Prepares for Earnings and 4 Other Stories You Must Know Wednesday

Facebook Prepares for Earnings and 4 Other Stories You Must Know Wednesday

Tax Tip: Don't Put Your 2017 Tax Return Away -- Yet! (Watch!)

Tax Tip: Don't Put Your 2017 Tax Return Away -- Yet! (Watch!)

The CEO of Wall Street Disruptor Symphony Reacts to Tuesday's Market Declines

The CEO of Wall Street Disruptor Symphony Reacts to Tuesday's Market Declines