Corporate treasurers: Inside the new in-house banks.

Suddenly corporate treasurers are radically changing their attitudes. They want their departments to generate profits, instead of being cost centres. The most advanced are even setting up their own banks. And the Japanese are developing their new art of zaiteku. But all this involves dangers.

By Matthew Crabbe

An elite band of the world’s most sophisticated company treasurers and financial officers have formed a new ambition to run banks of their own.

Why be content, these executives have asked themselves, with running a dully conventional corporate treasury, when it’s possible to make substantial profits for the company and become a hero in the process? And by establishing in-house banks or similar vehicles, a number of them are on their way to that goal.

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