Citi has a market cap of "only" 124.11 Billion http://finance.yahoo.com/q?s=C So they won't just sell some unprofitable business divisions. They're going to sell mostly financial assets, but what? T-Bonds? Stocks (other, not their own stock)? Commodity contracts? Foreign currencies? $400 billions certainly moves markets, its best to be prepared, or else...
They're not selling $400 billion of assets today so no need to prepare for a massive sell off. They're looking at their assets and analyzing to see if all of them still fit within their profile. This may be a surprise but companies do this all the time.
What are they, physically? Property, plant and equipment? Inventory? Intangibles such as goodwill? (LOL) Accounts receivable or long-term assets such as mortgage notes receivable that have been rendered worthless?
They own 150 Guflstream G550s they use to commute to work and party with hookers/coke during the good times. They are gonna unload em The rest of the items they are gonna sell I have no idea.
i hope they dont plan on selling these assets anytime soon at such low valuations. If this was such a concern why did they end up buying Nikko Cordial. i dont think this deal closed until jan this year