An additional real-time security measure that comes into force on Thursday across the Eurozone puts the onus on users to ensure bank details of financial transfer recipients is accurate.
Austria’s new government has introduced its first laws, including a rent freeze, tax hikes, and banking reforms, as Parliament moves forward with economic policies.
Some of Britain's biggest banks have begun contacting customers in European Union countries, warning them that their accounts will be closed down within weeks because the cost and complexity of operating without a continuation of pan-European banking rules is too much.
Austria’s Bawag bank is the first major bank in the country to start charging its customers fees for withdrawing cash from ATM machines - a move which has been met with outrage by many.
The Austrian state of Carinthia looks set to avert bankruptcy with the federal government saying it expects a sweetened debt buyback deal to go through, ending a long-running saga.
Austrian lender Erste Bank reported a healthy return to profit in 2015 on Friday and expressed confidence about conditions in central and eastern Europe where it has a major presence.
Austria's cash-strapped state of Carinthia has asked creditors to write off some of the debts owed by its stricken state lender, in a bid to avoid possible bankruptcy.
Austria has agreed to pay the German state of Bavaria €1.23 billion ($1.07 billion) to end a bitter and long-running dispute over a bank deal that went disastrously sour.
The Austrian state of Carinthia has filed a lawsuit against the family of far-right politician and former governor Jörg Haider, who died in a car crash in 2008.
Bank deposits in Austria will no longer be protected by the state in the event that a bank fails, according to new legislation which will come into force in July.
Austria could face years of legal battles over its decision to pull support of its "bad bank" Heta, the German BdB banking federation warned on Tuesday.
Jörg Haider may be long dead, but the colourful far-right politician who praised Hitler's "orderly" employment policies is coming back to haunt Austria's public finances, potentially with wider reverberations throughout the eurozone.
EU finance ministers took a major step towards ending banking secrecy on Tuesday, agreeing to the automatic exchange of account information so as to catch out tax cheats.
A tightened EU statistics office rulebook for government accounting swelled Austria’s debt to 81.2 percent of GDP in 2013, Statistik Austria announced on Tuesday.
Shares in Austrian banking group Raiffeisen Bank International slumped on Tuesday after warning that the turmoil in Ukraine and new laws in Hungary would push it to its first-ever yearly loss.
From 1 August, Austrian banks will no longer accept the use of an account number and routing codes for payments within Europe. Instead, use of the IBAN is required as part of the Single European Payments Area (SEPA.)
