Kurt Pribil News
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Ewald Nowotny, who has led Austria’s central bank since the financial crisis erupted in 2008, was appointed for a new six-year term.
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The European Central Bank needs as many as 1,000 new employees to supervise and regulate banks in the euro area without having to rely on national authorities, Austria’s banking watchdog said.
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European Central Bank President Mario Draghi may need to hire hundreds of new staff after governments handed him sweeping powers to supervise the banking industry.
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Erste Group Bank AG and Raiffeisen Zentralbank Oesterreich AG may have to raise less capital to meet requirements by the European Banking Authority as some hybrid instruments may still be included.
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European lawmakers called for restrictions on traders’ use of credit-default swaps to profit from defaults on sovereign debt they don’t own.
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A report on Royal Bank of Scotland Group Plc’s near-collapse was changed to remove a section that said Fred Goodwin, the lender’s former chief executive officer, “lacked the experience to run an international bank.”
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Austrian supervisors won’t pursue a capital surcharge for the country’s biggest banks as new rules for global “too-big-to-fail” lenders are triggering a European Union debate about how to make banks safer on a national level.
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Austria’s FMA banking regulator said it expects Oesterreichische Volksbanken AG, a lender that failed stress tests, to execute its restructuring plans in the next few weeks without resorting to a second helping of state aid.
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Head NV , the maker of skis for Olympic champions Bode Miller and Lindsey Vonn , has provoked stockholder ire after threatening to dilute the value of its shares by as much as 92 percent.
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Head NV , the maker of skis for Olympic champions Bode Miller and Lindsey Vonn , canceled a rights offer after shareholders revolted against the plan, which threatened to dilute their equity by as much as 92 percent.
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