After the government is done relieving JPMorgan shareholders of something in the area of $11B, Citigroup (C -0.5%) could be the next target, suggests Charles Peabody. U.S. Attorney General Holder has already said to expect announcements aimed at banks other than the House of Dimon, and Citigroup makes for a plump target.
Citigroup's litigation costs since 2008 have summed to $8.1B - chicken feed compared to about $20B for both JPMorgan and BofA. The government may just want to bring that more into line. Citigroup has upped its legal cost reserve from $4B to $5B In the past year.