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Nov 27, 2008

Cash Management: Banks Have Offer CFOs Can't Refuse – Banking – CFO.com

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With credit in such short supply, banks will soon be asking CFOs to hand over their cash-management business if they want to get a loan, a banking industry research consultant says.

Although corporations and the banks that service the companies' cash transactions aren't changing partners very much these days, lenders will place a lot more pressure on their clients in the next year, predicts Robert Statius-Muller, a managing director and head of the London office of Greenwich Associates, a financial-services industry research firm.

via Cash Management: Banks Have Offer CFOs Can’t Refuse – Banking – CFO.com

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