I have a naive question. When I was a little kid and the FDIC only insured the first $100,000, I thought, "If I were rich, I'd have to have multiple bank accounts."
Do big companies not do this with their liquid assets as a matter of course? Are there just not enough banks? Or would per-account fees unknown to me as a little guy eat into savings?
I get that big companies directly hold a bunch of bonds, too. But if they use a bank so they can actually write checks, why not many banks?
Do big companies not do this with their liquid assets as a matter of course? Are there just not enough banks? Or would per-account fees unknown to me as a little guy eat into savings?
I get that big companies directly hold a bunch of bonds, too. But if they use a bank so they can actually write checks, why not many banks?