"Citigroup Inc (C.N), hard hit by the global credit crunch, is expected to present plans to sell roughly $400 billion of extraneous assets when it meets with investors and analysts on Friday, people familiar with the situation said," The Washington Post reports. "Newly-installed Chief Executive Vikram Pandit, scrambling to slash Citi's costs and get past credit market problems, also intends to reaffirm his promise to cut annual expenses at the largest U.S. bank by roughly 20 percent, one of the sources told Reuters on Thursday. Citi's U.S. student loan business may make sense to sell, after recent legislative changes and turmoil in the securitization market have made the business less profitable, an analyst said."