The securitisation market’s failure to recover from its slump during the crisis is complicating efforts by Citigroup and other troubled financial groups such as AIG to sell unwanted assets and repair their balance sheets. Citi has opened talks with private equity groups and hedge funds over the sale of $3bn-worth of car loans,  and is believed to have offered to provide the buyers of the loans with finance for a few years after the sale.

This entry was posted by Gwen Robinson on Monday, February 8th, 2010 at 4:05 and is featured in The 6am Cut London (8 Feb 2010) . Tagged with citi. Edit this entry.