A single-account banking structure? Everyone knows that large corporations operating around the world can't reduce their typically complex bank structures, with the associated movement of cash through physical and notional pools, down to a single account. Foolish, right?
Today, maybe. But someday — still years from now — companies conceivably could boil down banking structures that encompass thousands of accounts at hundreds of banks, involving a wide range of currencies, into just one account.
It would be sort of a cash management nirvana: complete control over global liquidity.
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