Citigroup, HSBC, Santander, Royal Bank of Scotland and Zions Bank are all facing questions about their ability to ride out another calamity in the financial markets, the Washington Post reported today. The Federal Reserve said yesterday that the five big banks need to resubmit their proposals to pay out billions of dollars to shareholders because of weaknesses in their capital plans. All five banks have 90 days to resubmit their plans for approval, though they can continue to distribute dividends and buy back stock in the interim at current levels.
