Picture of the Day
Climate Change Terminator
Actor-turned-politician Arnold Schwarzenegger advised enviromental activists at the COP23 event in Bonn to focus on immediate health hazards, like air quality and water pollution. The former California governor previously spoke at COP21; then he called on governments worldwide to use new technologies to fight climate change. Source:
Person of the Day
Mr. Bank 2017
Ralph Hamers, CEO of the ING Group, was named Europe’s Banker of the Year for his modernization of the Dutch financial institution. Under Mr. Hamers’ leadership, the bank is trying new things, like creating a blockchain-based platform for trading commodities. Source:
Quote of the Day
Carola von Schmettow, head of HSBC’s German operations, warns that it is only a matter of time before fintechs go the way of the woolly mammoth: Extinct.
Graph of the Day
Billions in the Balance
Hardly anyone outside of Germany understands the country’s banking system, made up of nearly 1,800 banks. Together their total assets add up to €7.8 billion, which makes the country's three-tiered banking system well worth understanding. To do that, see our dedicated report in the Handelsblatt Explains section.