Bank Austria merger to spark Eastern Europe consolidation

Article Abstract:

Central Europe's banking market is expected to see the beginning of trend towards consolidation as a result of Bayerische Hypo- and Vereinsbank AG's purchase of Bank Austria AG. The merged entity will form the third-largest bank in Europe.

Central Europe, Bank Austria AG

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HypoVereinsbank aims at expansion

Article Abstract:

Bayerische Hypo- & Vereinsbank AG will acquire Bank Austria, a deal which will make the former the third-largest bank in Europe. HypoVereinsbank will also become the seventh-largest bank in the world.

Oesterreichische Nationalbank

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Halifax and Bank of Scotland may finalize merger soon

Article Abstract:

Bank of Scotland PLC may finalize its proposed merger with Halifax Group PLC within weeks. The headquarters of the merged entity would be in Edinburgh, Scotland.

United Kingdom, Scotland, Bank of Scotland, Halifax Group PLC

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