Developments after Austrian government declared it won't fill the financial gap discovered in HETA's books.
Publishing of HETA's balance sheet delayed (now end of May
) [Kleine Zeitung, Apr 24 2015]
BayernLB sues Carinthia [
ORF, Apr 17 2015]
ECB tells banks to write down Heta exposure by over half - Handelsblatt [Reuters, Apr 14 2015]
Hypo investigation 'not open and transparent' [The Local Austria, Apr 13 2015]
Bundesbank Tells German Heta Creditors: Expect to Lose Half [Bloomberg, Apr 10 2015]
Hedge Funds Invest in Austrian Bank Loathed by Taxpayers [Bloomberg, Apr 9 2015]
Best of Hypo: Where the billions went [
DerStandard, APR 7 2015]
Financially dry Carinthia calls for federal help [
KleineZeitung, Apr 2 2016]
Austria Statistics reckons 'HETA hole' to be €4.6bn [
Die Presse, Mar 30 2015]
(see Austria Statistics
report on fiscal year 2014(ENG))
Austria won't leave Carinthia in lurch over Heta: Schelling [Reuters, Mar 27 2015]
Ice age between Germany and Austria re Heta billions [
Reuters(DE), Mar 27 2015]
BayernLB boss slams Austrian government [TheLocalAustria, Mar 26 2015]
BayernLB posts 1.3 bln euro loss on Heta writedowns [Reuters, Mar 25 2015]
Austria, Banks And Sovereign Default [F Coppola,Forbes, Mar 25 2015]
German insurer Talanx says Heta to hit Q1 earnings [Reuters, Mar 23 2015]
Why Has Germany Bailed Out A Tiny Bank? [F.Coppola,Forbes, Mar 21 2015]
Austrian Banks Set for Fitch Downgrades on State Support [Bloomberg,Mar 19 2015]
HETA: German banks & Austrian hypos are bleeding [
DerStandard(AT), Mar 18 2015]
HETA drags Hypo Tirol into the loss zone [
NZZ(AT), Mar 18 2015]
Chancellor Faymann defends HETA solution [
KleineZeitung(AT),Mar 18 2015]
Liabilities of Austrian states higher than expected [
DerStandard(AT), Mar 18 2015]
Debunking $1.4 Trillion Europe Debt Myth in Post-Heta Age [Bloomberg, Mar 17 2015]
Government Promises and the Next Bank Crisis [Bloombergview,Mar 17 2015]
Carinthia has its liabilities checked [
Wirtschaftsblatt(AT),Mar 17 2015]
German banks' deposit guarantee fund saves Düsseldorfer Hypothekenbank [
FAZ, Mar 16 2015]
Commerzbank exposure to HETA: €400m
[DerStandard, Mar 16 2015]
Austrian states accept their liability up to €1.2bn [
Kurier(AT), Mar 12 2015]
German Banks Emerging as Losers in Heta Wind-Down [Bloomberg, Mar 12 2015]
Carinthia: parliament united [
ORF, Mar 12 2015]
Schaeuble wants to talk about HETA (in Vienna) [
Wirtschaftsblatt, Mar 12 2015]
Bavaria doesn't rule out consequences for the budget [
DerStandard(AT), Mar 12 2015]
Stop of debt payments invokes turmoil in Germany [
Kurier(AT), Mar 12 2014]
(incl. list of German banks exposed to HETA)
German banks afraid of losing billions (>€5bn) [
Kurier(AT), Mar 12 2015]
German Banks Have Large Exposures to Heta [Fitch Ratings, Mar 12 2015]
Heta Fallout Reaches DuessHyp as Fitch Sees Capital Gap Looming [Bloomberg, Mar 11 2015]
Haider comes back to haunt Austria's finances [France24, Mar 11 2015]
Austrian FMA will impose "haircut" percentages, no negotiations w creditors
[Kurier(AT), Mar 11 2015]
Fitch Places DHB's 'BBB-' IDR on RWN; Downgrades VR to 'c' [Reuters, Mar 10 2015]
Heta Damage Spreads in Austrian Downgrades, German Losses [Bloomberg, Mar 9 2015]
Moody's downgrades State of Carinthia's rating to Baa3 from A2 and changes outlook to negative from stable [Moody's, Mar 6 2015]
Dexia Kommunalbank has 395 mln euros of claims against Heta bad bank [Reuters, Mar 6 2015]
Fitch Affirms BayernLB's VR at 'bb+' [Reuters, Mar 5 2015]
Austria to Ask Heta Creditors to Take Voluntary Losses [Bloomberg, Mar 3 2015]
Eurozone faces first regional bankruptcy as debt debacle stalks Austria's Carinthia[Telegraph, Mar 3 2015]
Kaiser (Carinthia's leader): "We can't steer this"
[Kurier(AT) , Mar 3 2015]
What Do You Do When A "Bad Bank" Fails? [Frances Coppola, Mar 2 2015]
Will Austria lead Germany into another round of banking crises? [Shaun Richards, Mar 2 2015]
comments:
(Carinthia's leader ('Landeshauptmann'))
(Bavarian finance minister)
note: as usual expect some updates during the next couple of days, stay tuned ...