I always assumed publicly traded companies with hundreds of millions of dollars in cash split it between banks. There are Cash Management Accounts that will do this automatically.
The whole point of the bank is the insurance. If you don't have the insurance then you're basically an investor in a company. Why would you invest all your cash in one company?
I always assumed publicly traded companies with hundreds of millions of dollars in cash split it between banks. There are Cash Management Accounts that will do this automatically.
The whole point of the bank is the insurance. If you don't have the insurance then you're basically an investor in a company. Why would you invest all your cash in one company?
Everyone expects a bank to be the last to lose in any catastrophe. Given their size, they probably got benefits from using only them.
When I sold a house and had $$$$ in the bank for a week I hoped that wasn't the week my bank decided to fail.
Perhaps I should apply to be Roku's CFO.