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Headline: Austria Source: Euromoney Date: July 2001 Best bank Bank Austria Best debt house CSFB Best equity house CA IB Best M&A house Goldman Sachs It was something of a shock for Austrians to wake up one morning last July and discover that the country’s dominant bank, Bank Austria, had been acquired by Munich-based HypoVereinsbank. Since the fall of the Berlin wall in 1989, Austrian banks have spread out across central and eastern Europe buying and building dominant banking businesses across the region. Now it was the turn of Austrians to fret about seeing their banking system fall under foreign control. |
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