Citigroup is trading 3.1% down now at $131.90 after management disclosed that separating Banamex from its consolidated accounts in early 2027 could generate an approximately $9 billion currency-translation loss through the income statement.
- The charge is expected to be accounting-related, without cumulative impact on regulatory capital or tangible common equity.
- Broader financial-sector weakness and the Federal Reserve’s rate hike are adding pressure.