
The death of cash & the company caught in the middle
The Fin
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Financial Turmoil and High-Stakes Negotiations
The chapter explores the financial struggles of Armagard, a major player in the cash distribution sector, facing revenue issues and a desperate need for funding. It delves into intense negotiations between Armagard, banks, and retailers for a rescue package, revealing concerns over confidential information sharing and legal complexities. The episode also touches on Coles' precautionary measures to protect cash assets and the impact on society's reliance on cash.
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