‘With banks still reluctant to lend money to businesses following the 2008 financial crisis, one Italian dairy cooperative has gone to extraordinary lengths to secure funding, raising more than US$6.7 million (€6 million) by issuing bonds guaranteed by huge wheels of parmesan cheese. The 4 Madonne cooperative in northern Italy took advantage of a government-back […]

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Global developments in finance and geopolitics are prompting a rethinking of the structure of banking and of the nature of money itself. Among other interesting news items: In Russia, vulnerability to Western sanctions has led to proposals for a banking