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Citigroup capital plan approved, plans include $1.2B stock buy back

Citigroup announced that the Federal Reserve Board has advised Citi that it has no objection to the planned capital actions requested by Citi as part of the 2013 Comprehensive Capital Analysis and Review. The planned capital actions include a $1.2B common stock buyback program through the first quarter of 2014 and the maintenance of current common stock dividends; 1c per share per quarter.