"Affinity Group Solutions" The U.S. banking giant seeks to sell Japanese assets

"Affinity Group Solutions" states that the U.S. banking giant Citigroup Inc. is looking for potential investors interested in buying some of their assets Japanese. Citigroup entity of retail brokers who holds certain assets that they intend to sell certain items to reduce assets to Citigroup.

Citigroup's intention is to have the liquidity need is essential. The company currently has approximately $ 85 billion in depreciation and they are required to avoid an increase in the post. The aim of Citigroup is returning to its core business and focus on its core banking operations.

The correspondent of "Affinity Group Solutions" in Asia recently reported that they had recently sold their unit brokers, Nikko Cordial Securities.

Nikko Cordial Securities is a parent of Nikko Asset Management Fund and Nikko Citigroup Investment Banking. Overall, the value of these companies is estimated at about $ 8 billion.

Citigroup reported good earnings this quarter, the first time since the credit crisis of 2007. "Returning to their traditional activities and raising funds by selling assets, they should be able to fully repay the U.S. Government in the coming years. "Said the correspondent Asian" Affinity Group Solutions "

Citigroup was the forerunner of the banking sector, showing that even if things went wrong, there is always a solution. By having good behavior and taking tough decisions, they demonstrate that there are signs of recovery.

The share price of Citigroup is low, but we expect it back again, "Affinity Group Solutions" is convinced that the time is right to deliver shares of banks in its portfolio.