Shares of Citigroup (NYSE:C) fell today, after the Fed rejected its proposal to raise its dividend and buy back $6 billion worth of stock based on the results of the Fed's CCAR round of banking stress tests. Citigroup had conducted its own analysis, and was confident that it would pass; but while its liquidity was well above acceptable levels, the structure for the way the bank projects losses was not up to the Fed's standards.

In this segment of Thursday's Investor Beat, host Chris Hill and Motley Fool analyst David Hanson take a look at Citigroup and CEO Michael Corbat, to decide how heavily he should be blamed for the surprising denial, and what this means for Citigroup from here.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.