The Bankwatch

FT.com / Companies / Financial services - Citigroup considers $400bn asset sale

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• Citigroup will on Friday identify as much as $400bn in non-core assets that could be sold as part of plans to reduce costs and restore profit growth to double-digit rates, according to people close to the situation.

FT.com / World - Inflation threat to world economy, IMF says

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• Global inflation has re-emerged as a major threat to the world economy, the International Monetary Fund said on Thursday in a stark warning that marked an abrupt change of tone from its emphasis on the risks to growth.