Cooperative banks – these are the good ones, the down-to-earth ones. Just like their relatives in the cooperative financial group. At least if you can believe their advertising messages. “Farsighted, responsible and sustainable action is an integral part of the corporate culture at R+V Versicherung,” says the Volks- und Raiffeisenbanken insurance group on its website. What’s strange is that cooperatives are often at the forefront when there are upheavals in the financial system. This was the case in the financial crisis of 2008, in the Wirecard fraud case and now also in connection with René Benko’s shaky real estate empire, the Signa Group.
Benko’s empire – financed by cooperative banks – economy
