June 22 (Reuters) - First Albany Cos. Inc. (FACT.O) said it will close its fixed income middle markets group following the departure of the employees in the group.
The company said it sold the securities inventory positions that the group managed to C.L. King & Associates for about $34 million.
The proceeds will be used to repay short-term bank loans. (Reporting by Neetha Mahadevan in Bangalore)
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