Citigroup (C) Down Today As Meridith Whitney Pans Firm

Citigroup Inc. (NYSE:C) was down over three percent today after a 34% rise since the start of the year. The bank which had a very difficult 2011 has shown some recovery this year but failed the Federal bank stress test despite meeting the requirements. The bank failed that test after objections to its plan to return capital to its shareholders. The bank had met the other requirements in the test. In order to pass the test the bank will need to submit a new revised statement on its plans later in the year. One analyst who has not been taken…