Posted AT 7:48 PM EST on 23/11/08
Citi eyes putting risky assets in ‘bad bank'
NEW YORK — Citigroup Inc. is looking at putting risky assets in a government-supported “bad bank” – a step to reassure investors that the rest of its assets were safe, reports said on Sunday.
The “bad bank” might take on some of Citigroup's more than $1.23-trillion (U.S.) of off-balance sheet assets.
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