Sponsored Content
Hypo Group´s Bankruptcy: Major Threat for Raiffeisen Sector
Politics ♦
Published: December 19, 2013; 11:58 ♦ (Vindobona)

Sponsored Content
In case of Hypo Group Alpe Adria´s bankruptcy, the Austrian banking sector would have to absorb enormous write-offs. Above all, mortgage institutions in the Raiffeisen sector would be endangered.

At the moment, the future of the nationalized lender Hypo Group Alpe Adria is still uncertain. The Austrian Federal Financial Agency (Finanzprokuratur) favors a bankruptcy scenario. The Federal Financial Agency is said to argue that this is the least expensive alternative. According to a study carried out by the business adviser Oliver Wyman, the Federation of Austria would save costs…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
Hypo Group: Take-Over Almost Completed (December 18, 2013)
Austria: Opening Balance Reveals Massive Mountain of Debt (December 16, 2013)
Austrian Banking Industry Has to Fear Bank Tax Increase (December 14, 2013)
Capital Injection for Hypo Group Approved (December 13, 2013)
Austria: Hypo Group Insolvency Best Solution for Taxpayers (December 12, 2013)
Sponsored Content
Read More
Featured