Hypo Group Further Losses to Be Expected

People ♦ Published: April 30, 2014; 13:43 ♦ (Vindobona)

Huge losses by the sale of the SEE banking network could be expected.

Further billions of Euros for Hypo Group are expected to go down the drain. / Picture: © Vindobona.org

It is still not clear if the downsizing unit for ailing Hypo Group will be fully established by September this year since a respective law is not in sight yet. Assets in the volume of € 17.8bn are supposed to be transferred to the the bad bank. Until then the capital, which was recently increased by the Austrian Federation (taxpayers), is supposed to suffice, according to the bank’s…

or Log In

Fast News Search
Related News
Spindelegger: “Arsonists Are to Blame Not Fire Brigade” (April 29, 2014)
Hypo Group: Already a “Catastrophe“ in 2006 (April 28, 2014)
Hypo Group: Time Pressure Grows Dramatically (April 17, 2014)
Hypo Group: Italian Branch Turns Out a Huge Problem (April 17, 2014)
Hypo Group Alpe Adria: Massive Losses in Italy (April 11, 2014)
Read More
Leaders, Fiscal Policy, Taxation, SEE, Italy, Banking Industry, Hypo Group Alpe Adria, Alexander Picker, Brussels, Michael Spindelegger
Featured
Coronavirus in Austria: Update
Austrian Measures against the Novel Coronavirus
Is Vienna Prepared for the Novel Coronavirus?
Coronavirus: Temperature Checks Effective Immediately at Vienna Airport
See latest Vindobona Newsletter