EXCLUSIVE-Citi aims to boost equities franchise amid industry shakeout NEW YORK, Aug 31- Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according people familiar with the bank's plans. But having shored up its business and capital ratios since the financial crisis, largely by spinning off...
| By: John McCrank and Olivia Oran
4 Stocks, 4 trades: EL, CMCSA, JPM & DIS The FMHR traders take their positions on four stocks making news today, including forward guidance hurting Estee Lauder's stock, and "Straight Outta Compton" at this weekend's box office.
U.S. bank stocks sell off as investors bet the Fed will wait NEW YORK, Aug 12- U.S. bank stocks fell 1.9 percent on Wednesday as investors bet that a weaker yuan will delay the Federal Reserve rate hikes that are expected to boost bank profits. The yuan weakened for a second straight day on Wednesday after China devalued its main reference rate on Tuesday, and the currency hit a four-year low against the dollar, further...
| By: Dan Freed and Olivia Oran