Reforms proposed by the Securities and Exchange Commission (SEC) threaten money market funds and short-term, commercial paper rates -- even for companies with excellent credit ratings.
General Electric (GE), Coca Cola (KO), JPMorgan Chase (JPM), State Street (STT) and Wells Fargo (WFC) depend on money market funds for cheap, short-term financing. Banks mentioned rank among the largest money market fund operators and face a potential double whammy if the proposed reforms are implemented.
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