Chen Sees 'Value Disruption' in RBS, Citi Asset Sales

Sandy Chen, an analyst at Panmure Gordon & Co., talks with Bloomberg's Rishaad Salamat in London about efforts by banks to shore up capital and the implications of a possible bailout of U.S. mortgage lenders Fannie Mae and Freddie Mac. Citigroup Inc., the largest U.S. bank, agreed to sell its German consumer unit to France's Credit Mutuel Group for $7.7 billion and Royal Bank of Scotland Group Plc, the U.K.'s second biggest lender, is in talks to sell assets in Australia and New Zealand. (Source: Bloomberg)

Bloomberg | July 11, 2008

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