At the end of June, Citicorp sold a credit card processing business for $175 million to a consortium composed of the venture capital firm Welsh, Carson, Anderson & Stowe; Prudential Equity investors, and the Chicago brokerage firm William Blair & Co.

The sale of the unit, known as Citicorp Establishment Services, which processes card transactions for retailers, attracted press attention mainly because of the few basis points it added to Citicorp's capital ratios.

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