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Citigroup to `Wind Down' About $400 Billion of Assets »

Posted by: techgirl 3 months, 4 weeks ago

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May 9 (Bloomberg) -- Citigroup Inc. Chief Executive Officer Vikram Pandit plans to ``wind down'' about $400 billion of assets over the next three years as part of his plan to return the biggest U.S. bank to profitability. ``There will be more'' divestitures, Pandit, who succeeded Charles O. ``Chuck'' Prince in December, told shareholders at a m