Reuters Money: August 31, 2015

Click to View in Browser Monday, August 31, 2015 Exclusive: Citi aims to boost equities franchise amid industry shakeout NEW YORK (Reuters) - 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 to people familiar with the bank's plans. BNY Mellon says catching up providing missing fund prices (Reuters) - BNY Mellon Corp said it has worked through a backlog of missing prices on about 1,200 mutual funds and exchange-traded funds, more than a week after a software glitch at the world's largest custody bank disrupted pricing for about 5 percent of the U.S. fund industry. DoubleLine Capital launches commodity mutual fund (Reuters) - DoubleLine Capital, the investment firm overseen by Jeffrey Gundlach, on Monday launched a new mutual fund to give investors exposure to commodities markets and help them diversify. BNY Mellon expects to fix pricing glitch before markets open (Reuters) - BNY Mellon Corp expects to fix the computer glitch that disrupted pricing of U.S. mutual funds and exchange-traded funds before markets open on Monday, its chief executive said. Investors still in the dark as cyber threat grows LONDON/BOSTON (Reuters) - Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. BNY Mellon glitch roiled pricing on U.S. funds with $404 billion in assets (Reuters) - BNY Mellon Corp's computer glitch this week has disrupted pricing on nearly 5 percent of U.S. mutual funds and exchange-traded funds with about $404 billion in assets, according to data from Morningstar Inc and Lipper Inc. Athletes' habits die hard in new lives as financial pros (Reuters) - College and professional athletes may be clients financial advisers love to get, but many also find good homes on the other side of the desk. Traders see over 50 percent chance on October rate hike NEW YORK (Reuters) - Traders priced in a more than 1-in-2 chance the U.S. Federal Reserve would raise interest rates in October after Atlanta Federal Reserve President Dennis Lockhart suggested the Fed could consider such a move. Ackman's hedge fund down 13.1 percent for August BOSTON (Reuters) - Hedge fund mogul William Ackman's Pershing Square Holdings portfolio fell 13.1 percent this month, leaving the fund down 4.3 percent for the year, the firm said on Thursday. Schwab says online access for customers restored (Reuters) - Charles Schwab Corp said that customer access to online accounts was restored on Friday morning, just minutes before U.S. stock markets opened for trading. Related Video Americans making and spending more money Fed rate hike could be delayed until 2016 - Nick Colas Related News Wall St. opens lower as September rate hike in focus Fiat Chrysler's Marchionne says 'unconscionable' to give up on GM deal: paper Counterparties is a curated snapshot of the best finance news and commentary around the web. Register Today A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2015 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook