Pressure builds on treasurers to conquer cash mountains

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Pressure builds on treasurers to conquer cash mountains

One of the key lessons European corporate treasurers have learned during the crisis is that the value of liquidity cannot be overestimated. They have responded by amassing as much as $355bn of cash on their balance sheets. Philip Moore investigates how this has affected companies’ funding mixes and what they should be doing with all that cash.

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