Two of the three remaining bidders have dropped out of the race to buy Citigroup’s (C) $13B...

|About: Citigroup Inc. (C)|By:, SA News Editor

Two of the three remaining bidders have dropped out of the race to buy Citigroup’s (C) $13B subprime lending business, NY Post reports. Bidders aren't happy with Citi's financing package, while Citi is reluctant to sell the assets at less than book value since it would signal that more of its non-core assets are worth less than marked.