Citigroup Inc. has announced the full redemption of $2,500,000,000 principal amount of its 1.122% Fixed Rate / Floating Rate Notes due January 27, 2027 (ISIN US17327CAM55). The redemption will occur on January 28, 2026, at a cash price equal to par plus accrued and unpaid interest to, but excluding, the redemption date. This transaction reflects Citigroup’s continued capital management strategy, reducing longer-dated debt and optimizing its funding profile. Following redemption, the company will retire the notes in their entirety, with no partial calls, and expects to record no material impact on its liquidity position given existing cash reserves and asset-backed funding capacity.

Citigroup is exploring the launch of new credit cards capped at a 10% annual percentage rate for a one-year term, in response to President Trump’s public call for a temporary interest-rate ceiling. According to Bloomberg, internal discussions involve structuring product offerings that balance consumer affordability with the need to preserve rewards programs and underwriting standards. A 10% cap would represent a steep discount from industry averages of 20%–25% on revolving balances. Executives have engaged with Treasury officials to assess the proposal’s impact on loan approval rates, fee income and risk-weighted asset calculations. Industry analysts warn that such a cap could reduce credit availability for sub-prime applicants by as much as 30%, but Citigroup’s leadership believes a tailored rollout could mitigate adverse effects while satisfying regulatory demands.