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Citi aims to resurrect equities franchise as its rivals retreat

The No 3 US bank also plans to court hedge funds more actively as part of a four-point plan to boost its equities market share

New York

CITIGROUP plans to rebuild its long-neglected equities franchise seeking to capitalise 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.

A lack of investment in equities...

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