Shell has pulled all but the most necessary operational funds out of European banks, reports The...


Shell has pulled all but the most necessary operational funds out of European banks, reports The Times. "There's been a shift in our willingness to take credit risk in Europe," says CFO Simon Henry, explaining at least part of the bid for 10-year Treasurys yielding 1.50%.
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Comments (2)
  • Chuck
    , contributor
    Comments (104) | Send Message
     
    First of many ?
    6 Aug 2012, 07:56 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9903) | Send Message
     
    Yes, a report awhile ago showed that Seimens (think it was) was depositing all their funds directly with the ECB as they had some type of a banking arm somewhere in their corporate structure and were able to deal directly with the ECB.
    6 Aug 2012, 12:29 PM Reply Like
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