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Bankers Hours RIP Competition for lucrative in-store sales has banks offering Sunday service Use of the term "banker's hours" may soon become an anachronism, as competition among retail banks has TD Canada Trust now staying open on Sundays. In an age of Internet banking, it might seem odd to extend hours at the brick-and-mortar branches, but with more people doing ... read more>>   Blaming Banks For Madoff The last few weeks of 2010 brought a flurry of new lawsuits against Wall Street's heavy hitters, as lawyers for the victims of Bernard Madoff's Ponzi scheme raced against a Dec. 11 legal deadline marking two years since the financier's arrest. Among the big names targeted in the fresh batch of lawsuits are JPMorgan Chase, UBS, HSBC, Citigroup and M ... read more>> Citibank Ads Take A Risk To Go For Laughs Financial giant Citigroup wants more consumer business. The consumer is "an enormous focus for us," CEO Charles Prince said during a fourth-quarter earnings call Friday. Citigroup's consumer unit, which includes banking, credit cards and lending, has struggled in the past but now is growing. Fourth-quarter revenue grew 14% to $7.96 billion, while ... read more>>   Citibank Tries to Make It in Mutual Funds CAN PETER CARMAN SUCCEED WHERE ALL OTHER BANKERS HAVE FAILED? Ask mutual fund marketing expert Lou Harvey of the consulting firm Dalbar if investors will ever be persuaded that the best place to buy mutual funds is at a bank, and he immediately cracks up. He can't even speak, he's laughing so hard. "You've got to admit," he says finally, once he ... read more>>

New Banking articles this edition... Citigroup Hopes Small Really Is Beautiful Citigroup Chief Executive Officer Vikram Pandit, who for the past two years has championed the U.S. bank's "globality," may be getting a new mantra: locality. Citigroup claims 2,500 of the world's 3,000 largest corporations as clients. These days, though, it is keen on targeting U.S. companies with less than $20 million in annual sales and plans to ... read more>> Finding Funds in a Credit Squeeze Lately, even the funding source of last resort has dried up. A year ago, business owners with credit scores of 690 or 700 could easily find a good credit card, says Curtis Arnold, CEO of CardRatings.com. Now, anyone with a score of less than 730 will have a tough time finding a reasonable interest rate. But all is not lost for the business owner in ... read more>> Identity Thieves Love Citibank Citibank's TV ADS are all the rage. Women speaking with men's voices warn of credit-card identity theft -- and humorously plug Citi's new program to help customers whose identities are swiped. Yet even as these ads run, Internet thieves have been targeting Citi's customers with the latest Net scam. Here's how the crooks do it: They send out spam, ... read more>> Five Questions to Ask Before You Bank Online You read the papers and are well aware that the Federal Reserve has raised interest rates six times in the past year. So why is your bank still paying you a piddling 0.5% on your savings? No good reason you can think of. Where can you get a better deal? Head to cyberspace. Online banks, which operate almost exclusively on the Internet, now boast s ... read more>> Jungle Banking THE world's financial system really is like a jungle -- a realisation that may save it from disaster. An ecological theorist and the Bank of England's head of stability have teamed up to show that if you apply the mathematical models used in ecology to financial systems, they behave much like ecosystems -- with similar risks of collapse. Worryingly ... read more>> The Lure of The Big Citi When Peter Orszag, director of the Office of Management and Budget, stepped down from his cabinet post last July, observers were surprised by the speed with which members of Obama's economic team were abandoning their posts. Christina Romer, chair of the Council of Economic Advisers, followed in August, rushing back to Berkeley in time for the fall ... read more>>