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…)
Financial Regulatory Forum
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.
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…)