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

By Reuters Staff
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…)