Citigroup Follows JPMorgan as Legal Target, Peabody Says

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Citigroup Follows JPMorgan as Legal Target, Peabody Says

Citigroup Follows JPMorgan as Legal Target, Peabody Says

Any other ponzi would have been shut down immediately. This unless once upon a time these cartels used a bribe.

Enough said.


Bloomberg-

Citigroup Inc. (C) is poised to be the next U.S. bank to attract legal and regulatory scrutiny as JPMorgan Chase & Co. (JPM) looks to settle a host of probes, according to an analyst at Portales Partners LLC.

Citigroup’s $5 billion estimate of potential legal costs that weren’t covered by reserves at midyear is second only to JPMorgan, Charles Peabody of Portales said yesterday in a Bloomberg Radio interview. That shows Citigroup may be bracing for more legal challenges, Peabody said.

[BLOOMBERG]

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One Response to “Citigroup Follows JPMorgan as Legal Target, Peabody Says”

  1. John Anderson says:

    With to big to fail and to big to jail, the mega banks own the government and it will be the taxpayers who end up paying anything they are charged for.
    A INFORMED AND AROUSED PUBLIC, COULD CHANGE THIS, but don’t hold your breath.

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