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Corporate treasurers seek higher deposit rates after Fed raises rates

  • Corporate treasurers are asking banks to increase rates paid on cash deposits.
  • The Federal Reserve raised rates Wednesday, prompting finance teams to act.
  • Corporate finance teams are implementing plans designed for a higher-rate environment.

Corporate treasurers are contacting their bankers to negotiate higher rates on cash deposits after the Federal Reserve raised rates Wednesday. Finance teams are putting their plans for a higher-rate environment into action, making improved deposit pricing a central priority.

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