Financial Services
May 10, 2008
Subprime-hit Citigroup to sell $500 bn assets in 2-3 years
“During the first quarter, valuations of our subprime related exposures in fixed income markets and leveraged finance assets have further declined and credit costs in our consumer lending businesses have increased”
New York, May 9: Global banking giant Citigroup Inc, which has been battered by the subprime crisis, plans to sell assets worth $500 billion in the next two to three years. via The Indian Express
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