Citigroup will not let go of Financial Research Corp., a Bisys subsidiary, when its acquistion of The Bisys Group closes later this year, according to a Reuters
report. There has been speculation in the market that Citi might sell FRC when the deal closes. But on Friday, a Citi official told Reuters
that Citi will keep FRC. "It's a hot property and a property that we will maintain because of its need in the industry," Andrew Smith
, head of Citi's North America funds and securities services, was quoted as saying.
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