Austria’s central bank said Hypo Alpe-Adria-Bank International AG will likely avoid a 16 billion- euro ($21 billion) insolvency as policy makers negotiate with the European Commission over the nationalized lender.
Austria is reconsidering plans to establish a separate “bad bank” to wind down delinquent loans at nationalized lender Hypo Alpe-Adria-Bank International AG, a move that could add to the nation’s debt.
Hypo Real Estate Holding AG , the commercial-property lender rescued by the German government following the financial crisis, failed a Europe-wide banking stress test, two people familiar with the results said.
Hypo Real Estate Holding AG , the only German lender that failed the European Union’s banking stress test last month, reported a smaller second-quarter loss as it set aside less money to cover bad loans.
Extra staff payments at Hypo Real Estate Holding AG , the lender whose 2009 implosion and state bailout represented Germany’s biggest bank failure since World War II, were “not inappropriate,” the government said.
Base Village Owner LLC, which was developing 19 acres in Snowmass, Colorado, sued Hypo Real Estate Capital Corp. and three European banks seeking damages of more than $406 million for not living up to their funding obligations in the project.
Hypo Real Estate Holding AG , the German lender that’s owned by the government following a bailout during the financial crisis, had a narrower third-quarter loss as it cut provisions to cover bad loans.