Citigroup may sell 12 billion dollars of loans
US banking firm Citigroup is in negotiations to sell 12 billion dollars worth of bad loans to a group of financial institutions in an effort to reduce the effects of the US credit crisis on its balance sheet, US media reported Wednesday.
Citigroup has confirmed it will repay $$20 billion of the bailout money it has received from government, becoming the latest big bank to exit the TARP.