Financial Regulatory Forum

Austrian bank tax could lead to sell-out -RZB

February 5, 2010
Raiffeisen Zentralbank Chief Executive Walter Rothensteiner

Raiffeisen Zentralbank Chief Executive Walter Rothensteiner

    VIENNA, Feb 5 (Reuters) – An Obama-style bank tax proposed by Austrian Chancellor Werner Faymann could lead to a sector sell-out to foreign buyers, the head of Raiffeisen Zentralbank [RZB.UL], one of Austria’s top lenders, was quoted as saying on Friday. (more…)

Austria nationalises Hypo to avoid bank’s collapse

December 14, 2009

By Christian Gutlederer and Peter Maushagen

VIENNA/MUNICH, Dec 14 (Reuters) – Austria nationalised Hypo Group Alpe Adria on Monday to avoid a collapse that could have undermined trust in banks in eastern Europe and cast doubt over Austria’s and Germany’s backing of state-owned lenders.

Austrian watchdog orders Hypo to boost capital

November 19, 2009

hypo   VIENNA, Nov 19 (Reuters) – Austrian financial watchdog FMA has told German state bank BayernLB’s [BAYLB.UL] Hypo Group Alpe Adria unit that it must approve a capital injection at a Dec. 10 emergency shareholder meeting, FMA officials said late on Wednesday. (more…)