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.While the regulatory requirement will be effective Oct 1, 2024, CFG expects the second-quarter 2023 CET1 ratio to be 160 basis points above the SCB. This underlines t ...