Word: sweden
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Dates: during 1960-1969
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Everywhere in Sweden a traveler is likely to find smorgasbord, attractive women-and the 100-year-old Skandinaviska Bank. Ranging from a new highly computerized branch at Sundsvall in the northern timberland to a modest cottage draped with a fishing net on the island of Tjorn, Skandinaviska's 284 branches thoroughly cover the country. While assiduously courting the rural shepherds and woodsmen, it does not overlook the city folk, either at home or abroad. In the heart of Stockholm, it has for the past two years been bulldozing away hills and laying girders for an eleven-story stone...
Aggressive Thrust. Skandinaviska had to build in a hurry to keep up with its growth in Sweden and around the world. The bank handles one-third of Sweden's currency exchange and finances one-half of its exports. Thrusting aggressively overseas, it has bought an interest in a Moroccan bank, recently acquired control of a bank in Geneva and joined the Bahamas-based World Banking Corp. to gain a toehold in Latin America. It backed construction of a $30 million paper plant in Portugal, and this year became the first Swedish bank since World War II to underwrite...
Though second in size to the Svenska Handelsbanken and less renowned than the Wallenbergs' Enskilda Bank (TIME, June 7, 1963), Skandinaviska has long been Sweden's foremost international bank and is widely regarded as its most modern and creative financial institution. In its earliest major deals a century ago, it raised money in Germany for Sweden's infant railroad and financed Swedish iron and timber ex ports. Skandinaviska also bankrolled the worldwide ventures of Swedish Match King Ivar Kreuger to the tune of $65 million, and his collapse in the 1930s almost brought the bank down...
...after publication last year in Sweden, Markings is available in a handsome American edition and a handsome translation by W.H. Auden and a collaborator. The book is as much an anthology as an autobiography, as much a collection of original poetry as of thoughts on religion. It may not be, as an overworked Widener librarian deduced, a study of international law; but even those who have read it will find it difficult to classify...
...These dancers don't cultivate violence," the narrator leers. In Sweden, Mala-mondo attends an interracial wedding to spew racist innuendoes about "the appeal of the African lover," then jobs off to visit a Scandinavian miss who clearly wants photographers at hand while she contemplates suicide...