Multiple banks. There's one thing called counterparty risk and any firm with millions (or more) of US dollars in cash should have a function just to take care o

Multiple banks. There's one thing called counterparty risk and any firm with millions (or more) of US dollars in cash should have a function just to take care of this. But it seems a lot of tech firms' CFOs were sleeping at the wheel if it indeed transpires that all these firms were keeping their money all in one bank.