(AFX UK Focus) 2010-02-08 01:17 Citi in talks over $3 bln in car loans - FT (Interactive Investor)
Written by Admin on February 11th, 2010 in Uncategorized.
PHILADELPHIA, Feb 7 (Reuters) - Citigroup Inc has held talks with private equity groups and hedge funds over the sale of $3 billion in car loans in a move to clear troubled assets from its balance sheet, according to a report by the Financial Times. Citigroup is believed to have offered to provide the buyers of the loans with financing for a few years after the sale, according to the report in …
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