Sick banker to file lawsuit against state


A banker found guilty of accounting fraud and embezzlement in a controversial trial plans to sue the state, it has emerged. Jürgen Stephan Mertens, a lawyer representing Helmut Elsner, announced today (Thurs) his client planned to take the Republic of Austria to court over his bad health. Elsner was released due to his fragile condition […]

Government ‘to set up advisory council’


The Austrian government plans to ask high-profile businessmen to join an advisory committee after a leading banker called politicians “stupid and coward.” Erste Group Bank AG (Erste Bank) boss Andreas Treichl’s attack kicked off an intense debate about the relationship of politicians and entrepreneurs last month. The banker – who nearly became federal finance minister […]