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To: blam

Cancelled my Citi Friday


2 posted on 02/21/2010 10:09:50 AM PST by FromLori (FromLori)
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To: FromLori

It could be read as a sign of liquidity problems. By turning checking accounts into non-DDAs, they can reduce the amount of reserves that they are legally required to keep.

Some googling has revealed that Citi is not the only bank that has done this, though.


5 posted on 02/21/2010 10:16:22 AM PST by Asceticon
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