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Banks to Companies: No More Deposits, Please

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U.S. companies are holding on to billions of dollars in cash. Their banks aren’t sure what to do with it.

Banks have several options for unloading client deposits, though they try not to offend their customers in the process.

One strategy is reverse tiering, giving clients lower yields for additional deposits. Asking customers to move some funds to another, smaller bank also is an option, said Pete Gilchrist, an executive vice president at Novantas Inc., which advises banks.

Read the article on WSJ.com

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