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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
Add BT as a preferred sourcePublished Mon, Aug 31, 2015 · 09:50 PM
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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 and a traditional focus on bond trading kept the No 3 US bank by assets in the lower echelons of equities league tables, which measure how much revenue Wall Street banks earn from their equity trading units.
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