Bank trouble in Austria? Hypo Alpe Adria bank on verge of collapse? Hypo Alpe meltdown could lead to 10 bln euro loss!!! Rumor haircut in Austria
Rumor $$ haircut in Austria on deposits > 30,000 €
[12:30] Does not matter anything, right? covenant with Commerzbank lost 2.5 billion euros
[11:00] insider info from Austria: Haircut from € 30,000?
A savings bank has warned wealthy clients with lots of money in a savings account, QUICKLY AS POSSIBLE split the money on several accounts with less than € 30,000.
So the haircut is very bald.WE.
[12:30] The analyst:
The info comes with 30,000 euros given me suspicious or wrong before. After all, we know it uses in accordance with the legislation of several countries that I know nothing, if ONE person with ONE Bank distributes their own money on several accounts.
After all I know rules and also in Cyprus, the balances are still together.
Sure it’s better if ONE person distributes the money to buy SEVERAL banks or at least with ONE bank to multiple people or at best on SEVERAL SEVERAL people at banks or at the very best EM.
Bank trouble in Austria? Hypo Alpe meltdown could lead to 10 bln euro loss
If the government continues to act as disunited, Hypo Alpe Adria will soon be no longer recognized. It threatens us, more than ten billion budget burden, while the bank to run the client.
Little more than a month ago Finance Minister Maria Fekter notverstaatlichte the problem bank Hypo Alpe Adria publicly referred to as “bottomless pit”. Factually this is not entirely inaccurate.
Hypo Alpe Adria bank on verge of collapse? Austria’s lender abstain from bad bank participation
Austria’s two largest lenders signaled they’re opposed to supporting a “bad bank” for unprofitable assets of nationalized lender Hypo Alpe-Adria-Bank International AG.
Erste Group Bank AG (EBS), the nation’s biggest lender, and UniCredit Bank Austria AG, the Italian-owned No. 2, ruled out participating in a deal in which they would co-own Hypo Alpe’s wind-down unit to support the nation’s banking industry. Raiffeisen Bank International AG (RBI)and Bawag PSK Bank AG declined to comment because they haven’t seen a proposal.
“We haven’t been asked and I hope we won’t be,” Erste Chief Executive Officer Andreas Treichl told shareholders at the bank’s annual general meeting in Vienna today. “We’re already paying the highest bank levy in Austria. I would say our contribution to the Austrian banking sector is fully covered by this and we don’t intend to make any additional contribution.”
Treichl joined Bank Austria CEO Willibald Cernko who yesterday said in an e-mailed response to questions that he’s “definitely ruling out an engagement from our side.”
Austria’s former central bank governor Klaus Liebscher earlier this week called on the nation’s lenders to help resolve an impasse with the European Union over how to wind down Hypo Alpe. A bad bank modeled on Ireland’s National Asset Management Agency, which is majority-owned by private investors, would be the “optimal model,” he told Austrian TV.