Sponsored
Article Tools

Austria: Bad Bank For Hypo As Good As Guaranteed.

Published: November 14, 2013; 13:52 · (Vindobona)

Chancellor Faymann and Deputy Chancellor Spindelegger are in favor of creating a bad bank for Hypo Group.

Austria: Bad Bank For Hypo As Good As Guaranteed. / Picture: © Hypo Alpe-Adria-Bank International AG

Klaus Liebscher, chairman of Hypo Group’s supervisory board and head of the task force, has presented suggestions for the establishing of a bad bank to both Chancellor Werner Faymann and his deputy Michael Spindelegger. By the creation of a downsizing unit for the problem bank the best possible realization of assets should be guaranteed.

According to Liebscher, both have…

This article includes a total of 270 words.

or Log In