Citi Halts Barra I/B/E/S Sale, May Entertain Other Suitors

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Citicorp has terminated a letter of intent to sell its Institutional Brokers Estimate Service (I/B/E/S) subsidiary to portfolio analytics vendor Barra Global Investment Technology. The termination came after discussions between the two missed the stipulated June 1 deadline for agreement.

The missed deadline raises the prospect of the bank opening discussion with other potential suitors. But sources at Citicorp say the bank is more likely to take I/B/E/S off the market. These sources say that

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The Cusip lawsuit: A love story

With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.

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