Earnings for the quarter, reducing the burden of bad assets 12.0 billion Citigroup Bargain.

<P> Order to improve the company's assets and liabilities, the largest U.S. bank Citigroup was preparing to total 120 billion in assets, leveraged loans and bonds sell at a discount. .The Wall Street Journal and many other U.S. media, the United States is close to the transaction agreement, the counterparty is the Apollo Group, TPG and Blackstone (Blackstone) and other U.S. private equity (PE) investment funds. .</ P> <P> sold by original Jiuzhe </ P> <P> Wall Street Journal yesterday quoted informed sources as saying that Citigroup is close to the private equity giant with a deal. .But Citigroup has not yet responded. .</ P> <P> after Citigroup announced that, as at the end of last year's fiscal fourth quarter, the bank held a total of about 430 billion leveraged loan of 12 billion U.S. dollars while the sale transaction is expected to make the scale of Citigroup's leveraged loan portfolio .dropped significantly. .</ P> <P> Citigroup and other Wall Street's big firms have had to for the past few years through the issuance of the leveraged buyout boom to provide financial support. .The credit crisis erupted last summer led to demand for high-risk bonds and loans dried up, allowing Citigroup and other companies face billions of dollars in bad debts. .</ P> <P> to informed sources, although the details of the deal under discussion, but Apollo asset management companies (Apollo), Blackstone and TPG will be more than the loan portfolio purchase discount, the discount percentage may be about 90 .%. .</ P> <P> alleged that the sale of Citigroup's asset portfolio, including Apollo, Blackstone and TPG's acquisition of financing, there are other private equity debt. .Apollo would buy half of them, Blackstone and TPG acquired the rest. .</ P> <P> this year, Citigroup's stock has fallen 19%. .So far, the bank has revealed up to 240 billion impact of the subprime mortgage-related assets, but the market is still worried about Citigroup will release more bad news. .</ P> <P> Smith Asset Management in New York fund manager, Smith said Citigroup sold 12 billion U.S. dollars in non-performing loan assets, Citigroup investors for the bank loans may disclose more concerns about write-downs will be .reduced. .In European trading yesterday, Citigroup's stock was up 2%. .</ P> <P> quarter earnings as a "burden" </ P> <P> Informed sources said that Citigroup plans to complete in time for the next week of this sale transaction. .Because 18 is next Friday, the bank released first quarter results. .</ P> <P> again to investors in order not to produce an "ugly," the transcript, Citigroup certainly hope that stripping these non-performing assets sooner the better. .</ P> <P> Citigroup announced in January this year, due to a up to 180 billion subprime mortgage related losses, the company net loss in the fourth quarter of last year, $ 9,830,000,000 (net loss of $ 1.99 per share), the company has a history of .the biggest quarterly loss since also the United States since the 90s of last century since the first quarterly loss. .</ P> <P> addition to up to 180 billion subprime mortgage-related assets, loss provisions, the Citigroup U.S. consumer credit business in the fourth quarter of last year, also suffered the additional loss of 4.1 billion U.S. dollars. .In the fourth quarter, Citigroup's revenue fell 70%, to 7.22 billion U.S. dollars, 23.83 billion U.S. dollars the previous year. .</ P> <P> to fill the funding gap, Citigroup announced in January, including the Government of Singapore Investment Corporation and the Kuwait Investment Authority and other overseas investors for further financing 14.5 billion. .Last November, Citigroup Zengyi way to the sale of convertible bond financing of the Abu Dhabi Investment Authority 7.5 billion. .</ P> <P> had accurately forecast Citigroup will cut the dividend the company well-known Oppenheimer analyst Whitney said last month that Citigroup first-quarter loss per share amount will be greater than previously forecast. .She expects the first quarter as mortgage and collateralized debt obligations and further provision for asset losses, Citigroup is expected first quarter loss of $ 1.15 per share, well above her previous forecast of 28 cents. .</ P> <P> the end Whitney had accurately predicted, in order to maintain capital levels, Citigroup will cut the dividend. .October 31 last year, a report ranked the U.S. "Forbes" magazine in 2007 ranked second in the securities analyst Whitney said Citigroup's investment rating cut on the move immediately raised investors in times .Citigroup shares sell at crazy, its shares plummeted 6.9%. .</ P>.