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Reply to WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash     
Old 10-19-2015, 03:16 PM   #1
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Justin Bilyj on WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash
 
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WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash
Big Banks to America

Here comes a huge push in the media to get rid of cash. Now big banks are telling their bigger clients, shove off if you want to park cash. Now if you want to put your money in the market we can help you with that, but cash? Cash will be demonized big time coming up.

The push comes as the globe is awash in cash, reflecting soft economic growth and low interest rates that limit investment. Some asset managers have been increasing the amount of cash they are holding in their portfolios, in part because of an increased focus by the Securities and Exchange Commission on liquidity management in mutual funds.

Jerome Schneider, head of Pacific Investment Management Co.ís short-term and funding desk, which advises corporate and institutional clients, said that as a result of the bank actions, he and his customers have discussed as cash alternatives boosting investments in U.S. Treasury bonds, ultrashort-duration bond funds and money-market funds.

Cash alternatives

Maybe this could help reposition MYGA sales in the future...
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  Reply With Quote to WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash

Old 10-01-2016, 01:01 PM   #2
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WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash Re: WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash
Thanks for the post
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  Reply With Quote to WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash
Old 10-01-2016, 01:04 PM   #3
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GreenSky on WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash
 
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WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash Re: WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash
Originally Posted by marindependent View Post
Thanks for the post
You trying to set a record for posts in a short time?

It's going to be difficult without a monkey avatar.

Rick
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  Reply With Quote to WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash
Old 10-01-2016, 01:42 PM   #4
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goillini52 on WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash
 
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WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash Re: WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash
Originally Posted by marindependent View Post
Thanks for the post
Monkeys are cool...and smarter than some people.
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  Reply With Quote to WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash
Reply to WSJ: Big Banks to Americaís Firms: We Donít Want Your Cash 

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