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Financial Services

Friday May 9

Citigroup mulls up to $400 bln asset sales-source

“The only reason you'd sell off that many assets is you have a lot more losses coming than you originally thought”

Citigroup Inc will present plans to sell as much as $400 bln of extraneous assets when it meets with investors and analysts on Friday, a person familiar with the situation said. via The Financial Mirror

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