Citicorp on Tuesday announced a $3 billion share repurchase program.

The nation's largest banking company has been under pressure to follow the lead of many of its money-center peers in spending large sums of excess capital to buy back shares, but had been resistant to do so before reaching certain capital goals.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.