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Ansonia, CT

May 12, 2008

Citigroup To Downsize In Several Areas

“I'm not sure they have half a trillion in good assets that someone wants to buy. But they're doing the obvious - they have no choice”

's new chief executive, Vikram Pandit, plans to stick with a global banking model after months of intense review - but only after shrinking the company by about one-fifth. The three-year plan, revealed Friday, ... via Hartford Courant

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