;)
“Companies are keeping more cash in the bank than ever before and few companies have any plans to change that position in the near future,” reports the Wall Street Journal, “even with the possibility that a government program insuring U.S. corporate bank accounts will end this year.” The Journal cites the Association for Financial Professionals’ newly published annual liquidity survey, which found that companies are now keeping 51 percent of their short-term investments in bank deposits — an increase from 42 percent in both 2011 and 2010. “In 2008,” the newspaper adds, “companies kept just 25 percent of their cash in bank accounts.”
Corporations have no plans to cut bank deposits, study shows
Companies are now keeping 51 percent of their short-term investments in bank deposits, up from 42 percent in 2011 and 2010, finds the Association for Financial Professionals.
July 11, 2012