Tuesday, 26 March 2013

Reuters: Business News: Analysis: Citigroup looks to cut cash holdings to boost earnings

Reuters: Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Analysis: Citigroup looks to cut cash holdings to boost earnings
Mar 27th 2013, 05:05

NEW YORK (Reuters) - Citigroup Inc is considering cutting its cash on hand by about $35 billion, which should help the bank buy higher yielding assets or redeem expensive debt to boost earnings.

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