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Says He'll Wait to Shed Assets | "Today, it doesn't make sense" for Citigroup to shed assets more quickly, the bank's chief executive, Michael L. Corbat, said on Bloomberg TV.
As banks are reluctant to raise capital, they need to shed assets.
For the moment, the only certain escape is to shed assets.
It has come up with a plan to shed assets in Germany to pacify the commission.
As these middle-agers approach retirement, they begin to shed assets to finance their retirement life.
Distressed firms typically shed assets to raise cash so they can restructure and continue operating.
Lloyds continues to shed assets as it looks to return to profitability.
Some analysts express doubt that American and European banks will significantly shed assets at this time.
"If they do have to shed assets, it would make sense to get rid of that".
The markets where the companies must shed assets include Albany Austinn, Tex.; Cleveland and Phoenixx.
Costly mistakes have compounded the problem and accelerated the desire to shed assets that are not core to their businesses.
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