This week, a German cooperative savings bank in the Bavarian village of Gmund am Tegernsee said it’ll start charging retail customers to hold their cash. From September, for savings in excess of 100,000 euros, the community’s Raiffeisen bank will take back 0.4 per cent. Source Financial Post
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Spain has discreetly hired ferries to be moored in the Port of Barcelona as temporary housing for possibly thousands of police specially deployed to keep order in rebel Catalonia and help suppress an illegal independence referendum. Source bloomberg
Norway’s sovereign wealth fund hit $1 trillion for the first time on Tuesday, driven higher by climbing stock markets and a weaker U.S. dollar. Source: Bloomberg
Finland, a first-rate place in which to be a mother, has registered the lowest number of newborns in nearly 150 years. The birth rate has been falling steadily since the start of the decade, and there’s little to suggest a reversal in the trend. Source: Bloomberg