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Rating:Citigroup Decides FRC's Fate Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, June 01, 2007

Citigroup Decides FRC's Fate

by: Erin Kello

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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