Sponsored Content
Austria: Hypo Group Insolvency Best Solution for Taxpayers
People ♦
Published: December 12, 2013; 16:01 ♦ (Vindobona)

Sponsored Content
According to consulting agency Oliver Wyman, an insolvency of ailing bank Hypo Group would be the most favorable option for taxpayers as instead of domestic banks foreign banking institutes will be burdened.

In case of insolvency other parties could be involved in bearing the burden which would reduce the liability of the state. Accoring to consulting enterprise Oliver Wyman, the impacts on the financial market Austria were acceptable, as nationalized Hypo is not a systemically relevant bank for the country. According to business magazine “Format”, from a total of € 6.5bn in…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
Austria: Nowotny Reiterates Statement (December 11, 2013)
Hypo Group Alpe Adria: Liebscher Against Haircut (December 10, 2013)
Sale of Hypo Group: Small Number of Potential Buyers (December 7, 2013)
„We Can Exclude a Bankruptcy of Hypo Group” (November 29, 2013)
BayernLB Lodges Claim of Almost € 5bn (November 25, 2013)
Sponsored Content
Read More
Featured