Heta concerns spread

摘要

Evidence is mounting that Austria's decision last month to put HETA ASSET RESOLUTION, the rundown vehicle of regional lender Hypo Alpe Adria, into a €llbn debt moratorium is backfiring. Since then, a range of German banks have taken writedowns on their exposure and duesseldorfer hyopthekenbank has had to be rescued in a "lifeboat" operation by its peers in the German banking association, BdB, after its private equity owner Lone Star declined to do so.