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Eurozone capital flight is leaving German banks flush with cash. Deposits in German banks rose...

Eurozone capital flight is leaving German banks flush with cash. Deposits in German banks rose 4.4% Y/Y to €2.17T as of April 30, according to the ECB, while deposits in Spain, Greece and Ireland shrank 6.5% to €1.2T in the same period. The influx is a boon for domestic banks, and both Deutsche Bank (DB) and Commerzbank have taken in billions of euros in additional customer deposits.
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Comments (2)
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    Big movement and rational action by weak country citizens.
    8 Jun 2012, 03:53 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Its called a bank run
    8 Jun 2012, 06:29 AM Reply Like
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