Securities Industry New York City

Salomon Bros. Inc. said Tuesday it will relocate its back-office operations to Tampa, Fla., from New York, as part of a reorganization. The move, set for completion within the year, is subject to settlement of final details with state and local officials, the company said. A final site has not yet been chosen. Spokeswoman Macy Egerton declined to comment on the number of employees affected by the move. About half of Salomon's 6,000 U.S. employees work in New York. The decision by Salomon Bros.

New York City Probes Possible First Boston Improprieties: The city's corporation counsel, O. Peter Sherwood, said the city has notified the SEC that it is looking into First Boston's purchase of $13 million in city bonds while First Boston was senior manager on a $1-billion New York bond offering. First Boston said it purchased the bonds on behalf of the city.

New York City Probes Possible First Boston Improprieties: The city's corporation counsel, O. Peter Sherwood, said the city has notified the SEC that it is looking into First Boston's purchase of $13 million in city bonds while First Boston was senior manager on a $1-billion New York bond offering. First Boston said it purchased the bonds on behalf of the city.

Salomon Bros. Inc. said Tuesday it will relocate its back-office operations to Tampa, Fla., from New York, as part of a reorganization. The move, set for completion within the year, is subject to settlement of final details with state and local officials, the company said. A final site has not yet been chosen. Spokeswoman Macy Egerton declined to comment on the number of employees affected by the move. About half of Salomon's 6,000 U.S. employees work in New York. The decision by Salomon Bros.