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July 18, 1990

XEROX BITES THE BULLET OF A FORAY INTO FINANCIAL SERVICES

By CBR Staff Writer

Xerox Corp is finally biting the bullet on its unhappy foray into financial services, now a $5,200m a year business for the office equipment manufacturer: it told the Wall Street Journal that any financial services operation that didn’t promise at least 15% return on equity would go – that could be the lot.

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