Tuesday, September 18, 2007

The Virtues of Competition

Now, I have about as much need for a real, live teller as I do for nicely appointed DVDs I'll never watch, but seeing both makes me happy:
CIBC's decision to start opening some of its Toronto- and Vancouver-area locations on Sundays, beginning later this year, comes as Toronto-Dominion Bank is aggressively recruiting staff in preparation for Nov. 1. That's the day TD rolls out its new extended hours.

The change will bring the number of hours the average TD branch is open each week to more than 60 from about 50.

And a Royal Bank of Canada spokeswoman said yesterday that all of its main market branches are moving, or have moved, to extended hours.

And lo, the market responds to demand. Pretty neat, eh?

Link here.

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