Bank Austria (former Bank Austria Creditanstalt) is the number one in the Austrian banking sector. The bank is a part of UniCredit Group (Italy), one of the leading European banking groups. Bank Austria is a modern and dynamic universal bank offering its customers access to international financial markets. Total assets: €205.3 billion (as of September 30, 2012).
Bank Austria maintains an extensive network in Austria, with about 7.500 employees serving customers in some 300 branches. The bank serves as UniCredit's hub for the banking network in Central and Eastern Europe, a region where the Group is the clear market leader with about 3,900 branches in 19 countries.
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No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters