US STOCKS-Wall St slips from latest record; banks fall
* Macy's climbs after earnings
* BB&T to buy Susquehanna Bancshares for $2.5 bln
* Wholesale inventory data due
* Indexes off: Dow 0.37 pct, S&P 0.34 pct, Nasdaq 0.23 pct (Adds earnings, economic data)
By Chuck Mikolajczak
NEW YORK, Nov 12 (Reuters) - U.S. stocks were lower on Wednesday, a day after the Dow and S&P 500 closed at record highs for a fifth straight session.
Financial companies lost ground after global regulators fined five major banks - including UBS AG , HSBC Holdings Plc and Citigroup Inc - $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market.
Citigroup, which will pay $1.02 billion to settle the probe, dipped 1.4 percent to $53.08. JPMorgan Chase, which is also facing a penalty, fell 1.6 percent to $60.38 as the biggest drag on the S&P 500, while the S&P financial index lost 0.7 percent.
"Anytime people are encouraged to go into processes they don't fully understand, it's a big warning sign, so while I am disappointed I am not really that shocked," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Continuación...