In the True Confessions dept.: "I was a group executive at Citibank in June of 1986 when it purchased Quotron. That was a real eye-opener," writes Richard Huber in the current Harvard Business Review. "I watched my colleagues, so confident of their ability to comprehend and manage information technology, spend hundred of millions of dollars to buy the market-data-distribution company and hundreds of millions more trying to make it work...Today I attribute Citibank's failure partially to its
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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