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Reuters: Citigroup aims to sell $400 billion of assets

Started by chris, May 09, 2008, 06:57:00 PM

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chris

Citigroup aims to sell $400 billion of assets
      


NEW YORK (Reuters) - Citigroup Inc, the largest U.S. bank, said on Friday it plans to shed $400 billion of assets within three years and boost revenue by up to 10 percent annually in a bid to restore profitability after huge losses tied to flagging mortgage and credit markets.
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