Word: handelsbank
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...Europe-wide and survive the competitive heat when larger institutions from other countries arrive in force. In Denmark, for example, where more than 150 banks serve just 5 million people, a series of unions has taken place since 1988. The most significant: the merging of Den Danske Bank, Copenhagen Handelsbank and Provinsbanken to create Scandinavia's largest lender, with assets of $36 billion...
Sunrise Serenade. The Zurich bank, which occupies sleek second-floor offices on the Schützengasse, is a Swiss-chartered joint stock company with initial assets of $2.3 million. It has been christened Wozchod Handelsbank, or Sunrise Commercial Bank; Chairman Albert Nikolaevich Belishchenko, 36, a career banker who was formerly vice-director of Moscow's Gosbank, says the name refers to the spaceships that the Russians launched in 1964 and 1965. Belishchenko takes pains to allay Swiss fears that Moscow will use the bank to dump gold and otherwise disrupt the tiny nation's financial ties to other...
...Europe. Labor's proudest possession is one of the world's few union-owned banks, the Frankfurt-based Bank fur Gemeinwirtschaft, which lately has been engaged in the highly capitalistic practice of gobbling up competitors: it has just bought control of Cologne's Bau- und Handelsbank and Frankfurt's Investitions-und Handelsbank...
...taken over the newly created Ministry of Economic Stabilization; Colonel Rudy Pirngadie has been assigned to the task of drawing up a new law for future mining and oil exploitation, a matter of vital interest to such firms as U.S. Stanvac and Royal Dutch Shell. In the nationalized Dutch Handelsbank, the new supervisory body consists of an army captain, a police officer and a bank official. When a labor representative from the Red-dominated SOBSI labor federation demanded a seat on the committee, the army officer ordered him from the office...
...dusty U.S. trucks and mounted guard over Dutch ships and port facilities. In the capital itself, workers of the Communist-dominated SOBSI (an all-Indonesia association of trade unions) ejected Dutch officials from the gleaming white colonial buildings that house the Royal Packet Service Co. (K.P.M.) and the Netherlands Handelsbank...