Might Break the LawReader comment on: Citi Warns of Withdrawal Gate Submitted by Ken Houghton (United States), Feb 19, 2010 19:50 The reason that banks are always open the day after Thanksgiving is that it is Federal law that banks may not be closed four calendar days in a row. Making it so that a customer or customers with a Demand account(s) cannot access their money for seven days is, not to put too fine a point on it, illegal. Pandit & Co. clearly believe that Citi may break the law in Texas. If only there were a Regulatory Agency that paid attention to banks... Note: Comments are moderated by the editor and are subject to editing. Submit a comment on this article Other reader comments on this item
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