Citigroup reportedly is holding talks with private equity and hedge funds to unload some $3 billion in automobile loans in an effort to clear its balance sheets of billions in toxic assets. While some bankers said initial response from bidders have been encouraging, there is said to be some concern that a lack of currently thriving securitization market for the bonds makes the assets less attractive. Citi reportedly has offered to provide buyers with financing to make the assets more appealing.
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