Profit

Citigroup plans to sell assets worth $500 bn in 2-3 yrs

PUBLISHED ON: May 9, 2008 | Duration: 0 min, 41 sec

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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.Revealing Citigroup's future plans to investors and analysts today, its India-born CEO Vikram Pandit said that many of these assets have attractive prices and the company is looking for risk reduction.
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