A cash security blanket for US corporates

As US companies increasingly run scared from capital markets, the percentage of corporate funds sitting in banks has risen above 50 per cent.

FT.com

In normal circumstances, the antics of America’s corporate treasurers should not worry Washington politicians. After all, corporate treasurers are like the supply chain managers of the financial world: decent, unassuming people, who prefer to stay out of the limelight, handling the crucial-but-dull role of handling company finances.

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