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Heta Asset Resolution
Heta Asset Resolution A.G. is a "bad bank" that was the residual asset of the original Hypo Alpe-Adria-Bank International A.G., which was dismantled in 2014. It was owned by the Government of Austria. The bad bank contained the leasing subsidiary of former Hypo Alpe-Adria-Bank Group in Austria, Italy, Bulgaria, Serbia, Montenegro and North Macedonia but not in Bosnia and Herzegovina, Croatia and Slovenia, which were transferred to the "good bank". In the past Hypo Alpe-Adria-Bank International was also active in Austria, Germany, Italy, Bulgaria, Hungary and Ukraine. However, due to the European debt crisis, the group was split into HBI-Bundesholding AG (consisting of the subsidiary Hypo Alpe-Adria-Bank S.p.A.; Italy), the Balkan banks (Hypo Group Alpe Adria AG; now Addiko Bank) and a bad bank, Heta Asset Resolution AG (ex-Hypo Alpe-Adria-Bank International AG) in 2014. The leasing subsidiaries of the former Hypo Alpe-Adria-Bank International in Italy, Bulgaria, Serbia, Montenegro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Addiko Bank
The Addiko Bank is an Austrian banking group with numerous cross-border activities in the Alps-Adriatic The Adriatic Sea () is a body of water separating the Italian Peninsula from the Balkans, Balkan Peninsula. The Adriatic is the northernmost arm of the Mediterranean Sea, extending from the Strait of Otranto (where it connects to the Ionian Sea) ... region. The group is active in Slovenia, Croatia, Bosnia and Herzegovina, Serbia and Montenegro. However, the bank itself did not have a banking license in Austria, which now owned by Austrian Anadi Bank, another bank that was spun off Hypo Alpe-Adria-Bank International AG. History Addiko Bank was the Balkan branches of Heta Asset Resolution, Hypo Alpe-Adria-Bank International AG, which in 1990s explosively expanded into the Alps-to-Adriatic region. which thereafter was operating under the name of Hypo Alpe-Adria-Bank d.d., Mostar. which has been operating under the name of Hypo Alpe-Adria-Bank a.d., Banja Luka In 2009 Hy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hypo Group Alpe Adria
Hypo may be short for: * Hypoglycemia, low blood glucose(sugar) * Hypodermic needle, syringe, or injection * Hypothecation * Hypo Real Estate, a German banking group * , a type of bank in German speaking countries **in Austria *** Hypo Alpe Adria Bank, former Kärntner Landes-Hypothekenbank *** HYPO Steiermark, brand name of Landes-Hypothekenbank Steiermark *** HYPO Salzburg, brand name of Salzburger Landes-Hypothekenbank *** HYPO Oberösterreich, brand name of Oberösterreichische Landesbank *** Hypo Landesbank Vorarlberg *** Hypo Tirol Bank *** Hypo Noe Gruppe *** Hypo Verband, brand name of Verband der österreichischen Landes-Hypothekenbanken HYPO may refer to: * Station HYPO, a signals monitoring and cryptographic intelligence unit Hypo in chemistry may refer to: * Sodium thiosulfate Sodium thiosulfate (sodium thiosulphate) is an inorganic compound with the formula . Typically it is available as the white or colorless pentahydrate, . The solid is an efflorescent (loses water ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dexia
Dexia N.V./S.A., or the Dexia Group, is a Franco-Belgian financial institution formed in 1996. At its peak in 2010, it had about 35,200 members of staff and a core shareholders' equity of €19.2 billion. In 2008, the bank entered severe financial difficulties and received taxpayer bailouts for €6 billion, and it became the first big casualty of the 2011 European sovereign debt crisis. Due to big losses, suffered among others from the debt haircut on Greek government bonds, and an orderly resolution process began in October 2011. As part of the resolution, Dexia Bank Belgium was bought out from the Dexia group by the Belgian state and has continued to operate, since March 2012 under the new name Belfius. The French bank focused on local government lending was restructured as . The remaining part of the Dexia group was left in a "bad bank", still called Dexia, to be gradually wound down. Profile In the 2010 Fortune Global 500 (which lists companies by total inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Single Resolution Mechanism
The Single Resolution Mechanism (SRM) is one of the pillars of the European Union's European Union banking union, banking union. The Single Resolution Mechanism entered into force on 19 August 2014 and is directly responsible for the resolution of the entities and groups directly supervised by the European Central Bank as well as other cross-border groups. The centralised decision making is built around the Single Resolution Board (SRB) consisting of a Chair, a Vice Chair, four permanent members, and the relevant national resolution authorities (those where the bank has its headquarters as well as branches and/or subsidiaries). Upon notification from the ECB that a bank is failing or likely to fail, the Board will adopt a resolution scheme including relevant resolution tools and any use of the Single Resolution Fund, established by the SRM Regulation (EU) No 806/2014. The Single Resolution Fund helps to ensure a uniform administrative practice in the financing of resolution with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guardia Di Finanza
The ''Guardia di Finanza'' (G. di F. or GdF) () (English: literal: ''Guard of Finance'', paraphrased: ''Financial Police'' or ''Financial Guard'') is an Italian law enforcement agency under the authority of the Minister of Economy and Finance. It is a militarized police force, forming a part of the Ministry of Economy and Finance, not the Ministry of Defence. Guardia di Finanza is essentially responsible for dealing with financial crime and smuggling; it has also evolved into Italy's primary agency for suppressing the illegal drug trade. It maintains over 600 boats and ships and more than 100 aircraft to serve in its mission of patrolling Italy's territorial waters. They also have the role of border police and customs duties at Italian airports. Interpol summarizes the Guardia di Finanza (Ministry of Economy and Finance) as "a force with military status and nationwide remit for financial crime investigations and illegal drugs trafficking investigations". Mission The missi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Court (European Union)
The General Court, informally known as the European General Court (EGC), is a constituent court of the Court of Justice of the European Union. It hears actions taken against the institutions of the European Union by individuals and member states, although certain matters are reserved for the European Court of Justice. Decisions of the General Court can be appealed to the Court of Justice, but only on a point of law. Prior to the coming into force of the Lisbon Treaty on 1 December 2009, it was known as the Court of First Instance. Competence The General Court hears disputes (such as those by persons who have been refused a trade mark by EUIPO, the EU Trade Mark and designs registry). The creation of the General Court instituted a judicial system based on two levels of jurisdiction: all cases heard at first instance by the General Court may be subject to a right of appeal to the Court of Justice on points of law only. In view of the increasing number of cases brought before t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 71 countries and two European Union institutions, the newest shareholder being Algeria since October 2021. Despite its public sector shareholders, it invests in private enterprises, together with commercial partners. The EBRD is not to be confused with the European Investment Bank (EIB), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advent International
Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core sectors. Since its inception in 1984, Advent has invested $56 billion in private equity capital and, through its buyout programs, has completed more than 375 transactions in 42 countries. Advent operates from 14 offices in 11 countries, with affiliates in additional countries, and employs over 240 investment professionals. History Advent is a Boston, Massachusetts spin-out from TA Associates by Peter Brooke. Brooke had founded TA Associates in 1968 after having expanded the venture capital operations of TA's parent Tucker Anthony & R.L. Day. In 1985, Advent raised its first fund – a $14 million corporate venture capital program for Nabisco. In 1987, the firm raised the $225 million International Network Fund, its first institutio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Creditanstalt
The Creditanstalt (sometimes Credit-Anstalt, abbreviated as CA), full original name k. k. priv. Österreichische Credit-Anstalt für Handel und Gewerbe (), was a major Austrian bank, founded in 1855 in Vienna. From its founding until 1931, the Creditanstalt was led by members of the Rothschild family, who were among its significant shareholders. Its historically consequential failure in 1931 led to a merger engineered by the Austrian government in 1934, in which it combined with the Wiener Bankverein and the sound parts of the Niederösterreichische Escompte-Gesellschaft to form Österreichische Creditanstalt - Wiener Bankverein, later abbreviated to Creditanstalt-Bankverein. The latter came under the control of Deutsche Bank following the Anschluss in 1938, was nationalized in 1945, and was eventually acquired in 1997 by Bank Austria to form Bank Austria-Creditanstalt, since 2005 a subsidiary of UniCredit. UniCredit phased out the Creditanstalt brand in 2008. Foundation and d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Werner Faymann
Werner Faymann (; born 4 May 1960) is an Austrian former politician who was Chancellor of Austria and chairman of the Social Democratic Party of Austria (SPÖ) from 2008 to 2016. On 9 May 2016, he resigned from both positions amid widening criticism within his party. Early and personal life Werner Faymann was born in Vienna and also attended grammar school there. After graduating from grammar school he enrolled at the University of Vienna (jurisprudence, political science, and history of art). Faymann is Roman Catholic. He is in his second marriage and has two children. Career In 1981, Faymann became provincial chairman of the Socialist Youth Vienna (Sozialistische Jugend Wien). From 1985 to 1988 Faymann was a consultant to the Zentralsparkasse (now part of Bank Austria). The bank at the time was closely linked to the municipal government dominated by the Social Democrats. He left the bank to become director and provincial chairman of the Viennese Tenants' counselling. Subseque ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grazer Wechselseitige Versicherung
Grazer Wechselseitige Versicherung or Graz Mutual Insurance Company is one of the largest Central European insurance companies. Its headquarters are located in Graz, Austria. History GRAWE was founded in 1828 by Archduke Johann as an "insurance institute for Styria, Carinthia and Carniola", with an original focus purely on fire insurance. Subsidiaries GRAWE is the fifth largest insurance group in Austria. GRAWE has subsidiaries in Central and Eastern European countries such as Slovenia, Croatia, Hungary, Serbia, Bosnia and Herzegovina, Ukraine, Bulgaria, Romania, Moldova, Macedonia, and Montenegro. Serbia GRAWE Osiguranje a.d. was registered as the first insurance company with foreign capital in Serbia. The company entered the Serbian market in 1997. GRAWE started out as a Greenfield investment with the aim to grow and develop in the Serbian market. Partnerships GRAWE has agreements with Kärntner Landesversicherung (Carinthian insurance), Niederösterreichischen Versicherun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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