Community activists opposed to the pending merger of Citicorp and Travelers Group say the two companies are going to have to "change the paradigm" with their Community Reinvestment Act commitment, which is expected to be announced today.

Citicorp and Travelers are making the pledge as part of their merger application to the Federal Reserve Board, said Citicorp spokesman John M. Morris.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.