http://online.wsj.com/article/SB120468283813512405.html?mod=googlenews_wsj
Rumor has had it for sometime that one of the major banks would probably
soon go under.
And from this story maybe we can now put a name with that story.
Also, the government has been recalling from retirement FDIC and it's
predecessor employees who have the knowledge in how to deal with failed
banks.
But this is more than we usually get as a warning that the doors may not be
opened this morn.
What to do? nothing if you are not using business accounts with Citti. As
they will just inform you that your account is now with another banking
firm. An sorry for the inconvenience.
With business accounts it maybe different so find a new bank and transfer
out of Citti. Business need to stay liquid so don't take a chance.
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