SIEMENS has removed more than half a billion euros from a large...

SIEMENS has removed more than half a billion euros from a large French bank, and depositing it at the ECB.
This was possible only because the company has its own bank. It was founded a year ago, because Siemens did in the case of a new financial crisis to keep control over its cash flows. The Institute does not conduct retail business, but has a normal banking license. This helps the group to a rather exclusive relationship with the ECB. Apart from Siemens have only the big three car makers BMW, Daimler and Volkswagen their own bank. This gives them access to ECB funding, and the ability to deposit your own money there, as happened now.