Hypo Proceedings: New Revelations

Professional Services › Banks ♦ Published: November 2, 2010; 14:41 ♦ (Vindobona)

Both sensitive data and risk and control instruments were handled negligently.

Hypo Proceedings: New Revelations / Picture: © Hypo Alpe-Adria-Bank International AG

Last week, CEO Gottwald Kranebitter had to announce massive losses, possibly amountin to 700 million euro (982 million dollars) for this year. This figure however has not been confirmed by the bank.

Another unpleasant situation has been disclosed recently: details on 2009 borrowers were published on a website. However, it was pointed out that current customer relationships are…

or Log In

Fast News Search
Related News
Hypo Group: Serious Allegations Against Kulterer (October 29, 2010)
Hypo Group: Dramatic Losses Expected for 2010 (October 27, 2010)
HYPO Group: Further Liabilities Necessary? (October 25, 2010)
Hypo-Group: Bavarian Lawsuit Against Carinthia (October 18, 2010)
BayernLB has to Wait 7 Years for 3.9 Billion from Carinthia (September 28, 2010)
Hypo Alpe Adria: Greek Entrepreneur Xeniadis Signals his Interest in Buying (September 16, 2010)
Hypo: 700,000 € go from Berlin to KPMG (September 13, 2010)
Read More
Business Cycle, Risk Management, Non Performing Loans, Restructuring, Gottwald Kranebitter, Nationalization, Hypo Group Alpe Adria, HGAA, Credit Default, Earnings
Featured
See latest Vindobona Newsletter