Citicorp Writedown Sparks Talk Of Quotron Sale, But New Premises System Proceeds


Citicorp's announcement two weeks ago that it had taken a $400 million third-quarter writedown on its investment in Quotron Systems Inc. made speculation on prospective buyers for the unit a favorite industry pastime. But the bank had already cleared funding for Quotron's planned New Premises System, which would revamp the vendor's network infrastructure and delivery platforms.

A Citicorp spokesperson confirms that Quotron is no longer regarded as one of the bank's strategic businesses. The s

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: