The past several years have taught business owners, chief financial officers and treasury department teams in large organizations that no bank is entirely insulated from potential failure. This is a sobering realization. While extensive protections exist for consumers, business owners have to exert a little extra effort to keep their company’s cash safe. Even a modest business has several million dollars in working capital.
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Continue ReadingRecent changes to the Transaction Account Guarantee Program
The TAG program was set to expire in June 2010, but the FDIC recently extended the program until December 2010 and reserved the right to extend it through December 2011 if economic conditions warrant. However, many prominent banks have chosen to opt-out at different times or chose [...]
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Continue ReadingThe financial reform bill currently being negotiated has significant implications for business owners, venture capitalists and angel investors. While the final plan is still being worked out, its important to stay abreast of what is being considered while you can still have influence.
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