INSTANT VIEW: Citigroup to shed $400 billion of assets
NEW YORK (Reuters) - Citigroup Inc, the largest U.S. bank, aims to shed $400 billion of assets over the next two to three years, after being hit hard by the subprime mortgage meltdown and ensuing turmoil.
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COMMENTARY:
HEINO RULAND, EQUITIES STRATEGIST, FRANKFURTFINANZ,
FRANKFURT
"I don't know what kind of assets they're talking about but I have the feeling -- and that is penetrating the entire industry -- that the market for these stressed assets is by far not as bad as it used to be."
"There seems to be a certain degree of stability, that would increase interbank liquidity and would mean central banks are less obliged to effectively inject capital at any minute to overcome the stressed situation in the interbank market."
THANE BUBLITZ, SENIOR EQUITY RESEARCH ANALYST, THRIVENT
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