Fed ready to cut rates

| Jul 11, 2019 at 12:00 AM

Equities rallied and bond yields fell after Wednesday’s testimony by Federal Reserve Chair Jay Powell and minutes from the 19 June FOMC meeting supported our view that the Fed will cut rates at its next meeting on 31 July.

Cooperative Financial Network publishes its 2018 consolidated financial statements: Stable earnings in the operational customer business / profit before taxes of €7.8 billion

BVR | Jul 11, 2019 at 12:00 AM

Speaking about the political situation in the wake of the European elections, Marija Kolak, President of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks], called on the European Parliament to support the difficult consensus reached regarding election of the next European Commission President on July 16: “The European Union (EU) must be able to maintain its ability to take action during this challenging period of global politics and at this crucial stage of the Brexit process”.