Citigroup to slash 400 bln dlrs in assets (AFP) Personal Finance News - Yahoo! News - Fri, 09 May 2008 21:34:31 GMT A pedestrian walks by a Citibank office in San Francisco. US banking giant Citigroup has said it plans to shed about 400 billion dollars in assets over the next two to three years as it tries to recover from the subprime mortgage crisis.(AFP/Getty Images/File/Justin Sullivan)

Citigroup aims to shed $400 billion of assets (Reuters) Personal Finance News - Yahoo! News - Fri, 09 May 2008 19:44:34 GMT A man walks past the Citibank building in San Francisco, California April 30, 2008. (Robert Galbraith/Reuters)

Countrywide falls on worry over B of A merger (Reuters) Personal Finance News - Yahoo! News - Fri, 09 May 2008 19:39:39 GMT A Countrywide branch location is seen in Burlington, Massachusetts May 5, 2008. (Brian Snyder/Reuters)

Mortgage credit losses could total $500 bln: Goldman (Reuters) Personal Finance News - Yahoo! News - Fri, 09 May 2008 19:25:36 GMT A foreclosed home is seen in Chicago January 28, 2008. (John Gress/Reuters)

AIG sees no signs of mortgage asset market rebound yet (Reuters) Personal Finance News - Yahoo! News - Fri, 09 May 2008 18:43:37 GMT An AIG sign is seen on an office building in Los Angeles, California May 8, 2008. (Fred Prouser/Reuters)

ALL BUSINESS: Government-backed housing bailout badly needed (AP) Personal Finance News - Yahoo! News - Fri, 09 May 2008 17:56:44 GMT AP - A government-backed mortgage bailout is needed, and it must be done right away.

On Wall St: The elephant in the room (FT.com) Personal Finance News - Yahoo! News - Fri, 09 May 2008 17:20:25 GMT FT.com - Fannie Mae (NYSE:FNM), the biggest buyer of US mortgages, this week demonstrated why it is the elephant in the room when it comes to the ranks of financial institutions deemed too big to fail.

Citigroup to shed nearly $500B in assets (AP) Personal Finance News - Yahoo! News - Fri, 09 May 2008 20:38:11 GMT In this undated file photo provided by Citigroup Inc., CEO Vikram Pandit is shown. Citigroup Inc. on Friday, May 9, 2008 said it is aiming for 9 percent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and credit markets. (AP Photo/Citigroup, file)

Citigroup targeting 9 percent revenue growth (AP) Personal Finance News - Yahoo! News - Fri, 09 May 2008 13:02:00 GMT AP - Citigroup Inc. said Friday it is aiming for 9 percent revenue growth as it looks to rebound from recent struggles tied to deterioration in the mortgage and credit markets.

US House-approved mortgage crisis bill faces veto (AFP) Personal Finance News - Yahoo! News - Fri, 09 May 2008 01:04:03 GMT A foreclosure sign seen in Stockton, California. The US House of Representatives has approved a bill that lawmakers hope could stem the tide of home foreclosures due to the subprime mortgage crisis, but it faces a presidential veto(AFP/Getty Images/File/Justin Sullivan)