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
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails