A Small Bank’s Ties to Adler Draws Austrian Regulators’ Scrutiny
- Austrian central bank says dealings of Euram Bank in focus
- The lender’s owners include former Adler board members
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Austrian regulators are stepping up oversight of a bank owned by several investors with ties to Adler Group SA, the German landlord reeling from short-seller allegations of fraud.
Officials from the Austrian central bank earlier this year conducted an on-site audit of Vienna-based Euram Bank AG, according to people familiar with the matter. The lender has eight shareholders with stakes just below 10%, which is the threshold at which financial watchdog FMA starts vetting bank investors.