The resolution of Austria’s now state-owned Hypo Alpe Adria bank will start in September and is expected to cause a stir both at home and abroad.
It’s the next step in what has been a lengthy and bitter process.
The bank, originating in Austria’s southern-most province, Carinthia, became state property in 2009 at enormous cost to Austrian taxpayers.
As far back as 2004, there were allegations of lax bank inspections, dubious property sales and even money laundering. The cla...
Back our independent journalism by becoming a supporting member
Already a member? Login here