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Rating:Online Trading Unit Sales Nears Completion Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, November 28, 2001

Online Trading Unit Sales Nears Completion

Reported by InvestmentWires Staff, 

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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