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ABN AMRO becomes Dubai Commodities clearing memberDubai Gold and Commodities Exchange (DGCX) has welcomed ABN AMRO Clearing Bank NV as a special clearing member on Dubai Commodities Clearing Corporation (DCCC). DCCC is a wholly owned subsidiary of DGCX and acts as central counter More… |
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ABN Amro refloats after bailoutABN Amro has returned to the Amsterdam stock exchange with a valuation of 16.7 billion euros ($17.9 billion), marking an important stage in its rehabilitation since its near collapse and nationalisation in the financial crisis of 2008. More… |
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ABN Amro pays fines over Dubai irregularitiesDays before its initial public offering, Dutch bank ABN Amro said it has paid fines to regulators in the Netherlands and Dubai over "serious shortcomings" in vetting clients and managing risk at its private banking operations. More… |
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ABN Amro employee in Dubai sacked for misconductABN Amro said on Monday it had fired an employee as part of an internal investigation into its private banking operations in Dubai. The bank launched the investigation after a March 11 report in newspaper Het Financieele Dagblad a More… |
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Dutch set to start sale of ABN AmroThe Dutch government decided yesterday to start selling state-owned bank ABN Amro seven years after it was nationalised during the financial crisis. 'A first part will be sold from the fourth quarter,' Finance Minister Je More… |
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ABN Amro plans to cut 1,000 jobsABN Amro will cut up to 1,000 jobs by 2018 as customers increasingly manage their finances online, part of an overhaul that has helped boost profits and paves the way for the Dutch bank to return to private ownership. Chief execut More… |
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New top posting at ABN AmroABN Amro has appointed Hans Hanegraaf as country executive ABN Amro Singapore and Head of Private Banking Asia & Middle East. Jeroen Rijpkema, CEO of ABN Amro Private Banking International, said: “Hans has extensive expe More… |
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ABN AMRO on track for stock market flotationDutch state-owned bank ABN AMRO hit its key financial targets in the first quarter, giving a boost to its plans for a stock market return six years after it was bailed out in the financial crisis. A flotation would mark a turning More… |
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ABN Amro plans massive job cutsNationalised Dutch bank ABN AMRO is shedding 2,350 jobs - some nine per cent of its workforce - as the state readies it for a return to private hands. The bank said it expected 1,500 redundancies and 850 positions to be lost through natura More… |
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ABN profit surges to $1.5 billionDutch state-owned bank ABN AMRO, which is being readied for a stock market listing in 2014, said its operating profit surged seven-fold in 2010, thanks mainly to lower loan losses. The Dutch state nationalised the local ABN and Fortis More… |
