Article: NationsBank to buy CRT, big Chicago options firm. (Chicago Research and Trading Group Ltd.)

CHICAGO - NationsBank Corp. paused from its bank acquisition spree on Wednesday to announce that it will pay $225 million in cash to buy Chicago Research and Trading Group Ltd., a prominent trading firm in options, swaps, and other financial derivatives.

The North Carolina-based banking company, the nation's fourth largest, said it is chiefly interested in wiling CRT's risk-management expertise to corporate clients. But NationsBank chairman Hugh L. McColl said CRT also will help manage the bank's $25 bilhon investment securities portfolio.

Bond Expertise a Plus

NationsBank owns one of the country's largest bond portfolios, and CRT - through ...

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