How to protect your business from a bank collapse?
Allan Maguire
Maguire CFO Solutions offers comprehensive CFO services, business consulting, financial guidance, strategic planning, and exit planning services for long-term business success and greater business confidence.
The failure of?First Republic?Bank?on May 1st, which we learned had first-quarter outflows of more than $100 billion, marks the demise of a another major U.S. bank in just two months, after?Silicon Valley Bank?and Signature Bank.
Times like these can make CEOs and business owners think about their own company's financial health and cash. How can we ensure financial security to avoid the same fate? My?article?outlines?six steps you can take now to protect your business from the impacts of a bank failure.
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Learn more about how B2B CFO? Partners can assist you in building long-term business value and the right banking relationships. Visit b2bcfo.com/Al-Maguire.