CSFB is close to sealing its deal to sell its online trading unit, CSFBdirect, to Bank of Montreal, according to an article in The Wall Street Journal
. The sale is for over $500 million and will enable CSFB to cut costs.
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Principal Finacial Group has tapped J. Barry Griswell, its president and ceo, to be the chairman of the board. The appointment will be effective on January 1, 2002.
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Fidelity will now utilize NumeriX Tools to support its internal fixed income risk analytics.
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