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Reuters: Citigroup aims to sell $400 billion of assets

Started by chris, May 09, 2008, 06:21:11 PM

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chris

Citigroup aims to sell $400 billion of assets
      


PHILADELPHIA (Reuters) - Citigroup Inc, the largest U.S. bank, said on Friday it aims to shed $400 billion of assets -- nearly 20 percent of its total -- over the next two to three years to become more efficient and profitable.
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