I've always found it odd that cash-rich companies keep bank accounts, when they could purchase short-duration t-bills.
There's now at least one business bank the will purchase t-bills on a companies behalf with minimal transaction costs.
There's now at least one business bank the will purchase t-bills on a companies behalf with minimal transaction costs.
salaries
interest on debt
Bills
Lobbyists
Foreign companies that manufacture your hardware
Hedge currency from foreign sales and bills
All without a bank account?
Keep in mind they say this is 25% of their cash, clearly they invested the bulk of their short terms assets elsewhere .