# Prof. David Yermack on Citigroup's stress test results

1 Faculty News March 14, 2012 ![Fox Business logo](/sites/default/files/styles/246w/public/assets/images/con_031722.jpg?itok=a0Gxu60a)>

Excerpt from [Fox Business](http://www.foxbusiness.com/industries/2012/03/14/dont-panic-over-citis-stress-test-dud/) -- "\['Citigroup has\] come a long way from where they were in 2008. I don’t see this as necessarily a smack down of them. It’s a mixed bag of news,' said [David Yermack](http://w4.stern.nyu.edu/faculty/bio/david-yermack), a finance professor at the NYU School of Business."

[Read more  ](http://www.foxbusiness.com/industries/2012/03/14/dont-panic-over-citis-stress-test-dud/)