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Treasurers Cling to Liquidity

Survey points to caution, showing half of corporate cash kept in bank deposits.

By Sridhar Natarajan, Bloomberg | Updated on November 03, 2014

The scars of 2008 are still fresh for company treasurers and investment officers as they keep half of their firms’ cash in bank deposits, according to a global survey by JPMorgan Chase & Co.

The 300 cash managers surveyed are favoring liquidity over yield even as half of them face declining earned interest. They’re putting just a quarter of their assets in money-market funds that face tougher rules from U.S. regulators, the survey shows.

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