Bloomberg reported Citigroup is poised to be the next U.S. bank to attract legal and regulatory scrutiny as JPMorgan Chase looks to settle a host of probes, according to a Portales Partners analyst.

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

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