Raiffeisen leaves leadership issue open as merger talks drag on

Raiffeisen leaves leadership issue open as merger talks drag on
 

Austria's Raiffeisen Bank International and its parent Raiffeisen Zentralbank left open on Thursday the issue of who will lead them if their planned merger is completed, and said talks on the deal price would probably drag on for months.
The banks said on Wednesday they had decided to go ahead with their proposed merger, aimed primarily at boosting the capital buffers of Raiffeisen Zentralbank (RZB), after they came third-last in a stress test of major European lenders.
Addressing widespread media and market speculation that Heinrich Schaller who heads Raiffeisenlandesbank Oberoesterreich,... read more

 
6 October 2016 in Business, Views: 42
Source: Reuters
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