Swiss Banks Prolong Bitcoin Industry To Germany And Austria

Swiss banks are lending hands for Germany And Austria in the bitcoin industry.

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Austrian Financial Market Regulator to Investigate Two Banks over Panama Papers Leak

FMA of Austria will investigate Raiffeisen Bank International and Hypo Landesbank Vorarlberg. The Austrian banks were named in Panama Papers in helping money laundering scheme.

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Greece Recalls Its Ambassador in Austria Over Migrant Dispute

Greece recalled its ambassador from Austria, following Austria's decision to close its border for migrant. While majority of people are not satisfied with government's way in handling economic crisis.

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Bewildered Police found Thousands of Euros Floating in Danube River

The Police of Austria has been left bewildered after they found thousands of euro banknotes floating in Danube River. Soon after the discovery, police officers called all the banks of Danube in Vienna. During this euro rescue mission, bystanders observed an anonymous boy jumped into the river.

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UniCredit to slash 7% workforce in cost-cutting drive

UniCredit is examining an option to trim its headcount as part of the cost cutting measures to enhance profitability of the bank. Towards this, the Italy's biggest bank by assets would cut 10,000 jobs or seven percent of the total workforce.

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Adidas Group acquires Runtastic fitness apps for $240 million

Adidas bought Runtastic, a fitness tracking app for €220 million (equivalent to $240M) from Axel Springer, the company's strategic partner in Germany.

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Austrians rue starting fashion for Swiss franc mortgages

The surging Swiss franc has dealt a double blow to homeowners in Austria, home of the trend for borrowing in the Swiss currency that has devastated mortgage holders across eastern Europe.

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EU puts off French and Italian budget rulings until March

The European Commission postponed until March its decisions on whether the 2015 budgets of France, Italy and Belgium break EU rules, saying it needed more information to be sure.

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German companies rush to list as IPO appetite soars

Cable operator Tele Columbus [ESCALC.UL] became the latest German company to announce plans to float shares as the country's traditionally risk-averse companies warm to capital markets after Alibaba's record-breaking $25 billion listing.

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German app crowdtesting startup Testbirds picks up €2.1M in Series A funding

Munich, Germany-based app crowdtesting startup Testbirds picked up €2.1 million in its Series A funding round led by Seventure Partners for its expansion across Europe.

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Spiegel picks up stake in Berlin brain-training startup NeuroNation

Hamburg, Germany-based publishing group has partnered with accelerator XLHealth to acquire a 25% stake in Berlin-based brain-training startup NeuroNation for an unconfirmed seven-figure sum.

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America Movil hikes stake in Telekom Austria to 26.8pct

Mexican tycoon Carlos Slim has decided to hike America Movil's stake in Telekom Austria to 26.8% by consolidating his company and family holdings in the Austrian telecom firm.

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Austria's Raiffeisen Bank International halts sale of loss-making Hungarian subsidiary

Raiffeisen Bank International reportedly aborted plans to sell its loss-making Hungarian business, saying that selling the asset at a knock-down price would trigger losses it was not prepared to accept.

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Raiffeisen Bank International to seek €2.25B capital hike

Raiffeisen Bank International, a subsidiary of Raiffeisen Zentralbank, may hike its equity capital by as much as €2.25 billion in the next six months. The Austrian lender will be selling shares to bolster its weak balance sheet.

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Austria's OMV sells Bayernoil stake to Vitol-Carlyle joint venture for undisclosed sum

Austria's OMV will divest its 45% stake in German oil refinery Bayernoil to Varo Energy for an undisclosed amount. Varo Energy is a partnership between Swiss oil trading firm Vitol and American private equity firm Carlyle Group.

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