Citigroup, SunTrust Fall After Failing Fed Test: New York Mover

Citigroup Inc. (C) and SunTrust Banks Inc. (STI) dropped in New York trading after the companies failed the Federal Reserve’s stress tests when taking into account their proposed dividend or share buyback plans.

Citigroup, based in New York, fell 2.5 percent to $35.54 at 9:31 a.m. SunTrust, based in Atlanta, slumped 1 percent to $22.35.

To contact the reporters on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net; Donal Griffin in New York at dgriffin10@bloomberg.net

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net

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