Banks are rapidly gaining market share in sales of money market funds and other short-term investment products, a study found.

Corporations turned to banks for 34% of the short-term investments they used for cash management in the second quarter of 1998, up from 25% a year earlier and 23% in the second quarter of 1995, according to an annual survey by Treasury Strategies Inc., a treasury and cash management consulting firm in Chicago.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.