A、The Citigroup has been worst hit by the international credit crisis. B、The Citigroup has already started to reduce the size of

One of the banks worst hit by the international credit crisis,, the Citigroup, has outlined plans to dramatically reduce the size of its business. The bank’s Chief Executive Vikram Pandit wants to dispose of assets worth about $400 billion over the next three years. The BBC economic correspondent says the plan appears to be to sell off less profitable part of its operation. Citigroup has recorded losses of 15 billion in the last six months.