Austria nationalised Hypo Group Alpe Adria (HGAA) today to avoid a collapse that could have undermined trust in banks in eastern… Austria nationalised Hypo Group Alpe Adria (HGAA) today to avoid a ...

The Austrian government is to wipe out bondholders holding €890m of subordinated debt in Hypo Alpe Adria, in a bid to ensure that investors as well as taxpayers shoulder the burden of winding down the ...

Austria has moved to nationalize Hypo Alpe Adria, a unit of German public-sector bank BayernLB. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content.

FRANKFURT (MarketWatch) -- The Austrian government announced Monday that it has agreed to nationalize distressed lender Hypo Group Alpe Adria. German bank BayernLB said it will sell its 67.08% stake ...