What I want is irrelevant. Yes, there are companies (banks) and instruments that I use to help manage cash. I know that every time I have too much cash in one bank account, I am at risk. It appears some companies are learning this only now.
I managed cash flow of my business through 2008. I worked through the recessions in the 90s and 2000s. When I was young, I worked for an employer who had seen banks fail in the Great Depression. He taught me not to trust a single bank. Nobody should.
Yeah, it would be nice if we had a well regulated financial system.
In all seriousness, you don't want small and mid-sized companies having to think about managing their cash. They have better things to be doing.