MORE THAN THE FARMER’S FRIEND
The co-operative banks have made great strides in the century since they were founded. But deregulation of the world’s financial markets and fierce competition from their commercial and savings bank rivals are taking them into new uncharted waters.
The small West German town of Heddesdorf is situated in the gently rising uplands of Altenkirchen, not far from Godesberg. For centuries, its inhabitants have grazed cattle in this untroubled countryside, far from the bustle of international financial markets.
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