WASHINGTON, March 26 (Reuters) - The U.S. Federal Reserve onWednesday objected to plans by Citigroup and four otherbanks to return capital to shareholders, saying it had uncovereddeficiencies during an annual test of their financialrobustness.
The Fed said it had rejected plans submitted by Citi and theU.S. units of HSBC, RBS and Santander due to weaknesses in their capital planning processes.
It also objected to Zions Bancorp's plan becausethe bank did not meet the minimum post-stress capital ratio.
The five banks will not be allowed to execute proposeddividends pay-outs and share buybacks.
The Fed said it had approved capital plans submitted by theremaining 25 banks in this year's stress tests. (Reporting by Emily Stephenson; Editing by Sandra Maler)