More asset sales to come

With all top banks--except maybe Goldman Sachs--facing the need to raise more capital, it's a good bet we are going to see more asset sales. Morgan Stanley has announced that it will raise about $900 million by selling half of its stake in MSCI, the index and research house. Meanwhile, Merrill Lynch apparently is serious about selling part of its stakes in either Bloomberg or BlackRock, or both. Citigroup just raised $900 million by selling its stake of CitiStreet benefits administration company to ING Group. There have been various rumors that Citigroup also is pursuing sales of consumer-related business units in Europe, as well as an outsourcing outfit in India. You've got figure a lot is on the block at Citigroup.

For more:
- here's an article on Morgan Stanley from MarketWatch  
- here's more on Merrill Lynch's asset sales
- here's an article on Bank of America selling its CA tech center

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