Update: Market Chatter: Citigroup Eyes $3 Billion IPO for Mexico's Banamex

MT newswire2026/09/28 20:02

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04:02 PM EDT, 09/28/2026 (MT Newswires) -- (Updates with Bank of America's response in the fifth paragraph.) Citigroup (C) is targeting a $3 billion initial public offering for Mexico's Grupo Financiero Banamex, Bloomberg reported late Friday, citing people familiar with the matter. Citigroup is working with Bank of America (BAC), Goldman Sachs (GS) and JPMorgan Chase (JPM) to evaluate how much of its remaining stake can be offloaded before an IPO, and if additional smaller stake sales are still possible, according to the report, citing the people. Citigroup and Banamex are targeting a potential listing in January, the people reportedly said. Deliberations are ongoing and details might change, including the number of banks that are presently part of the lineup, the report said. A spokesperson for Bank of America and Citigroup declined to comment, while Goldman Sachs, JPMorgan Chase and Banamex did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 131.19, Change: -3.09, Percent Change: -2.30

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Goldman Sachs believes that the rapid rise in real interest rates has exerted more direct pressure on the US stock market, with rate-sensitive sectors such as small-cap and financial stocks being particularly affected. On the liquidity front, Goldman Sachs estimates that pension funds may sell around $3.3 billions in equities at the end of the month and quarter, and that CTAs may sell about $530 million worth of Russell 2000 index futures in the coming week. For the market, unless the issues of oil and interest rates are resolved, the AI narrative is "almost irrelevant."

华尔街见闻•2026/09/30 04:01

USD/JPY falls below 157! The yen becomes the strongest G-10 currency, with the market betting on another rate hike by the central bank next month.

On Wednesday, the yen strengthened against the US dollar, with the USD/JPY rate falling below the 157 mark, as repeated warnings from the Japanese government regarding exchange rates and end-of-quarter capital flows provided support for the yen.

智通财经•2026/09/30 03:41