Hypo Alpe Adria Becomes Solely Bad Bank, Bank License Revoked

11 hours ago · Politics & Policy
Nationalised lender, defunct Hypo Alpe Adria will function solely as a bad bank, as the regulator revoked the banking license of the group. The move was made possible by the transfer of bank stakes - Hypo's Balkan assets - to state holding OIAG/Fimbag, ahead of the planned sale to US fund Advent and the EBRD.

Leaders

Schelling: Zero Deficit in 2016, More Measures Necessary in 2015

October 27
Austrian Finance Minister Hans Jörg Schelling (ÖVP) told the European Commission that Austria would reach a structural "zero deficit" in 2016. In his reply to the European Commission the minister indicated also that he and his ministerial colleagues were negotiating additional measures ...

Premium News

Erste Group's Romanian Subsidiary BCR Turns to 9-Mo Loss of EUR 549 Mln

7 hours ago
Romania's top lender in terms of assets, Banca Comerciala Romana (BCR), said, that it turned to a nine-month net loss attributable ...

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