Europe's banking sector was again in the spotlight as Reuters reported that a big, market-making state bank in China's foreign exchange market stopped forex forwards and swaps trading with some European banks
because of the crisis in the euro zone.
Siemens has withdrawn about 500 million euros ($680 million)
in cash from a big French bank and transferred it to the ECB, the Financial Times reported. A source told the paper that Siemens took the money out partly because of worries about the bank's financial health and partly to take advantage of higher rates paid by the ECB.
Российские банки, судя по всему, готовятся к жопе, начали скупать доллары.