The Austrian central bank is attempting to calm the financial markets that are increasingly worried about the regional banking system as two major events shocked the markets for two consecutive days. On Monday, the central bank nationalized Hypo Alpe Adria – Austria’s sixth-largest bank, a unit of German public-sector bank BayernLB — a move designed [...]
The Austrian central bank is attempting to calm the financial markets that are increasingly worried about the regional banking system as two major events shocked the markets for two consecutive days. On Monday, the central bank nationalized Hypo Alpe Adria – Austria’s sixth-largest bank, a unit of German public-sector bank BayernLB — a move designed […]