Word: banken
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...field of thriller writers, ladling out authentic-sounding information on such arcana as weapons ("Yes, I'll have that Harpy, please, and a straight serrated Spyderco with a four-inch blade, and that drop-point skinner at the back") and Swiss bank accounts ("Article 47 of the Bundesgesetz uber Banken und Sparkassen"), plus sharp thumbnail portraits of the major players and malefactors and incessant plot surprises...
...countries has begun falling for the first time since World War II. Public outlays accounted for 50.6% of gross domestic product in 1984, vs. 51.1% the year before. Even Scandinavia, where the welfare state achieved its fullest flowering, has caught the spirit. Says Nils Lundgren, chief economist of PK Banken, Sweden's largest bank: "Deregulation, market solutions and free enterprise are the order...
Last week the Wallenbergs announced the creation of a bank befitting the rest of their empire. On Jan. 1, Stockholms Enskilda will merge with Sweden's second largest commercial bank, Skandinaviska Banken, to form Skandinaviska Enskilda Banken. The new bank will have assets of $4.2 billion, not quite large enough to rank among FORTUNE'S top 50 foreign banks but supreme in a country of 8,000,000 people. The two merging banks will disappear; Marcus Wallenberg, 72, will be chairman of the new enterprise, and his 47-year-old son Marc will be assistant managing director. Lars...
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