Financial Regulatory Forum

Austria launches “CSI Hypo” to probe failed bank

February 19, 2010

VIENNA, Feb 19 (Reuters) – Austria’s finance ministry has set up a 100-strong group of investigators to find out what led to the near collapse of Austria’s No.6 bank Hypo Group Alpe Adria before it was nationalised last year, it said on Friday.

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.