Article Tools

Hypo Group: Reason for “Budget Lie”

Published: August 7, 2013; 14:41 · (Vindobona)

The situation of ailing bank Hypo Alpe Adria may be worse than assumed. The supervisory board of the bank and the taskforce are discussing about the half-yearly report.

Hypo Group: Reason for “Budget Lie” / Picture: © Wikipedia / JJ55 (30 March 2008)

According to the Austrian Press Agency (APA) there was a meeting of the so-called Hypo taskforce in mid-July where high-ranking representatives of the Austrian National Bank (OeNB), the financial market authority, Hypo and the Finance Ministry took part. It is reported that Govenor of the OeNB Ewald Nowotny, Andreas Ittner (responsible for the supervision of banking), Helmut Ettl (CEO…

This article includes a total of 501 words.

or Log In