Citicorp Reasserts Commitment To Quotron, Despite Woes Of Its Own

THIS WEEK'S LEAD STORIES

Despite recent heavy layoffs and other financial difficulties, sources at Citicorp say it reaffirmed its commitment last week to support its Quotron Systems Inc. market data and financial systems subsidiary. The move quelled a growing perception among industry participants that the banking giant would attempt to sell or otherwise divest itself of the unit.

Citicorp's woes have been in the headlines in recent weeks. A spate of bad news, including plans for a dividend cut and a $300 million inc

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