BOSTON (Reuters) - Fidelity Investments on Friday said operating income in its financial services business dropped 29 percent in 2012.
The Boston-based mutual fund powerhouse, which is privately held and controlled by the family of Chairman Edward C. Johnson III, said its financial services revenue fell 1 percent last year to $12.63 billion.
(Reporting By Tim McLaughlin; editing by John Wallace)
(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp