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Treasury Management

Treasury Management: Take Command of All Bank Relationships

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December 10, 2009

The return of "old-normal" banking practices are being seen increasingly. However, one old-favorite banking practice that treasurers should beat back is the bankers’ circumventing treasury to pitch deals to the CFO and board. While it may be impossible to expect a complete cut off of communication over strategic finance, M&A and other high-minded advisory activities between investment bankers and those above the treasurers' pay grade, it is consistent with best practice to ask everyone (no matter how senior) to be aware of—and seek to follow—the treasurers' guidance on bank selection.

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