Keeping your company's cash secure We are living in a financially dangerous world. Since the inception of the financial crisis in September 2008, the number one question on most people’s minds has been “how do I keep my money safe?” Business owners, chief financial officers, vice-presidents of finance and corporate treasury teams have had to address the same issue. But for companies, the issue is more complex. When investing company funds, there are three considerations at play: · … [Read more...]
how do I keep my cash safe?
Keeping your company's cash secure We are living in a financially dangerous world. Since the inception of the financial crisis in September 2008, the number one question on most people’s minds has been “how do I keep my cash safe?” Business owners, chief financial officers, vice-presidents of finance and corporate treasury teams have had to address the same issue. But for companies, the issue is more complex. When investing company funds, there are three considerations at play: ·Safety - is … [Read more...]
Transaction Account Guarantee Program
Recent 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 never to participate. The next opt-out date, June 30, 2010, will see many banks leave. Checking if your bank participates in TAG Here is a complete list of … [Read more...]
Financial Reform Bill Could Hurt Your Company’s Ability to Raise Money: Here’s What You Need to Know
The Restoring American Financial Stability Act of 2010 is the most comprehensive piece of financial reform legislation to be considered by the Congress since the repeal of the Glass–Steagall Act in 1999. Contrary to what the title of the bill might lead you to believe, key provisions target business owners and entrepreneurs directly. Specifically, the financial reform bill places new restrictions on angel investors and on Regulation D offerings. Both represent significant sources of capital … [Read more...]