Word: handelsbank
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Dates: during 1960-1969
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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...