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Siemens moves millions from French bank to ECB

German industrial group Siemens withdrew more than half-a-billion euros in deposits from a large French bank and transferred it to the ECB.

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Siemens withdrew more than half-a-billion euros in cash deposits from a large French bank two weeks ago and transferred it to the European Central Bank, in a sign of how companies are seeking havens amid Europe's sovereign debt crisis.

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