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Australian Central Banker Resigns

In order to reduce the rising speculations over the bribery case, Australian Central Banker has resigned. Austrian National Bank Deputy Governor Wolfgang Duchatczek has resigned. He gave his...

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OECD calls Austria to take Steps to Strengthen Banking Sector

The Organization for Economic Co-operation and Development said on Tuesday that Austria needs to take steps to strengthen the resilience of its banking sector. The organization said this in its 2013...

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Dutch banking regulator approves AWS for use by financial organizations

In a Monday statement, Amazon revealed that it has received the approval of The Netherlands banking regulator - De Nederlandsche Bank (DNB) - for use of Amazon Web Services (AWS) by the financial...

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Central Bank May Slow Bond Buying; European Stock-Index Futures Fall

It has been said by President Richard Fisher of Federal Reserve Bank of Dallas that the central bank was at the verge of slowing bond buying. Suspecting that the U. S. monetary stimulus measures would...

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Bank Austria embroiled in loss scenario

It has been recently revealed that the net profits at the Bank of Austria from the UniCredit area have fallen by 12%. The reason for the same has been said to be the jump in the loan write-downs as the...

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Austrian Banks at Risk in Eastern and Central Europe: IMF

The International Monetary Fund (IMF) has said that Austrian banks are very vulnerable in the Eastern Europe countries; hence reforms on work incentives along with the reforms on pensions and subsidies...

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Hypo Bank’s Financial Crisis Adds Pressure on Austria’s 2 Biggest Parties for...

Hypo Alpe Adria, nationalized lender, is stuck in financial crisis. It has been said that by the time November ends, Hypo will not be having minimum capital requirements in state funds.This situation...

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Volksbanken to Take Help of Bonds issued by Regional Savings Bank

Austrian lender Volksbanken has announced that there are chances that it might take the help of bonds issued by the regional savings banks in order to cover the capital gap that can emerge in 2014.read...

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RBS Subsidiary offers Second Largest US IPO in 2014

Citizens Financial Group has collected $3 billion in its initial public offering. The US subsidiary of Royal Bank of Scotland Group Plc priced the shares below the marketed range. It was said in a...

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Deutsche Bank posts Profit in Fourth Quarter

Frankfurt headquartered Deutsche Bank posted pre-tax profit in the fourth quarter of 2014. According to the German global banking and financial services company, it made profit of 253 million euros....

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