$C

Citigroup (NYSE:C) plans a $3B+ IPO for Banamex in January, with Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), and JPMorgan (NYSE:JPM) involved. Citigroup aims to reduce its stake below 50% before the listing. Banamex appointed a new CEO earlier this year. The IPO is part of Citigroup's strategy to exit international consumer banking. Citigroup sold 49% of Banamex to investors in 2023.

Citigroup (C) launched Citi Premium Boost, a relationship-banking program offering higher savings rates to priority and wealth clients for increased engagement. The program aims to deepen client relationships and aligns with Citi's strategy of digital transformation and wealth management focus. Investors will watch metrics like client counts and deposit balances for signs of traction. Citigroup has a market value of about $221.3 billion.

Citigroup's Scott Sartorius is leaving the bank to join the US Commerce Department, according to Bloomberg News. The move follows his role at Citigroup, where he was a managing director.

Wall Street banks, including Goldman Sachs, Morgan Stanley, Citigroup, and JPMorgan, financed both U.S. and Chinese AI and semiconductor companies in 2026, raising $17.2 billion for 19 Chinese high-tech equity deals, according to LSEG data. U.S. tech firms issued nearly $500 billion in AI-related debt, with major banks facilitating cross-border investments despite U.S. restrictions on certain Chinese sectors.

Citigroup revised its forecast, now expecting the Federal Reserve's first interest rate cut in June 2027, delayed from earlier projections. This follows a stronger-than-expected US jobs report, with 162,000 jobs added in August, surpassing economist forecasts. The Fed raised rates in September 2026, with 16 of 18 officials anticipating further hikes. Bitcoin initially dropped below $80,000 but later recovered above $86,000, supported by ETF inflows and short covering.

Citigroup will start meetings with loan investors for Paramount Skydance Corp. to fund its takeover of Warner Bros. Discovery. The $110 billion deal includes $30 billion in investment-grade bonds, $7.5 billion in loans, and $12 billion in second-lien bonds. The takeover was delayed by lawsuits but is now cleared to close. Citigroup, Bank of America, and Apollo Global Management underwrote the debt package.

Citigroup's U.S. Consumer Cards unit launched Citi Commerce Media, a platform using data from 70M customers and 6.5B transactions to help brands target consumers. The platform is integrated into Citi.com and the Citi Mobile app, with early campaigns showing up to 5x return on ad spend. Citi shares are up 0.11% at $132.62 on the NYSE.

A7, a Kremlin-backed fintech company, moved $6.9bn through global banks like Standard Chartered, Citigroup, and others via a forgery scheme. The company used front entities and forged documents to bypass sanctions and facilitate payments, including for war-related goods. A7's operations involved multiple banks and countries, with significant flows routed through Hong Kong and the UAE.

Citigroup Inc. announced the redemption of €1.5 billion of its 0.500% Fixed Rate/Floating Rate Notes due 2027. The redemption date is October 8, 2026, with the cash redemption price equal to par plus accrued interest. This move aligns with Citigroup's liability management strategy to optimize funding and capital structure. Citibank, N.A. serves as the paying agent for the notes.

Citigroup plans to redeem €1.5 billion of 2027 notes on October 8, 2026, at par plus accrued interest. This move aligns with its liability management strategy to optimize funding and capital structure. The redemption reflects efforts to enhance efficiency and consider factors like economic value and market conditions. Citibank, N.A. is the paying agent for the notes.