martinibuster - 10:46 am on Jan 9, 2011 (gmt 0)
CitiBanks traditional branch earnings were a fraction of their traditional banking activities. From the November 29th New Yorker Magazine:
Between January and September, Citigroup's bond traders alone generated more than twelve and a half billion dollars in revenues- more than the bank's entire branch network in North America.
Your checking and savings account is a drag on their profit margin stats. To paraphrase Larry Ellison, it's not enough that the banks win a profit on your capital, you have to lose your shirt. ;)