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Opinion: The Devil of Main Street Is in the Volcker Rule

The following is an op-ed written by Tom Quaadman, vice president of the Center for Capital Markets Competitiveness at the U.S. Chamber of Commerce. This week, five federal regulators met Treasury Secretary Jacob Lew’s directive to finish the Volcker Rule (named after former Federal Reserve Chairman Paul Volcker) by the end of the year.  Lew

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U.S. Corporate Cash Jumps to All-Time Record

Bolstered by one of its largest quarterly increases on record, cash held by corporations in the U.S. rose by over 6% in the third quarter.  Corporate cash now stands at $1.925 trillion, up from $1.811 trillion at the end of June. Treasury Strategies’ analysis of data released this week by the Federal Reserve showed that

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Calculators Offered to “Drive Discussion” with the SEC

LaRock told MMI that it is important for people to use the calculators to arrive at implementation-cost projections for a switch to VNAV MMFs and then communicate with the SEC. “This is not a topic people should be passive about. They should accept the SEC’s invitation to comment on this.” Money Market Insight 13mmi08.pdf

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Few Large U.S. Firms have Cyprus Units

Nonetheless, corporate cash should be well protected from harm, even for companies that have operations in the country, according to Tony Carfang, a partner with Treasury Strategies. The largest multinationals typically have what’s known as a pan-European pooling structure, by which they move euros on a daily basis into one large European bank, or perhaps

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Cash Keeps Building at U.S. Companies

However, U.S. companies are not alone in holding sizable amounts of cash, since the trend is also clear among European companies, according to Anthony Carfang, a partner and director at consultancy Treasury Strategies. “It’s not as if a couple of corporate treasurers have said, ‘Hey, let’s hoard cash,” Carfang said during a briefing earlier this

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Lots of Cash, Few Alternatives

“We didn’t see a rush of money out of bank deposits, which kind of says that the marketplace believes either the U.S. banks are very healthy or the federal government stands to support all the [big] U.S. banks,” said Tony Carfang, a partner at Treasury Strategies, which works with corporate treasurers. Emily Chasan / CFO

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Webinar on Healthcare Treasury: Strategies That Add to the Bottom Line

Through our work with leading healthcare systems, Treasury Strategies developed an effective plan to help treasury departments achieve significant savings by properly aligning processes, practices and technology to achieve peak performance. This webinar session establishes a framework through which hospital treasury systems can gain $1 million of savings on an annual basis. Mike Gallanis, Paul