The Dutch State plans to sell another 10 percent of its ABN Amro shares, bringing its stake in the bank down to around 40 percent. The sale will happen through a pre-arranged trading plan executed by BofA Securities Europe, said the NLFI, the foundation that manages government interests in financial institutions on behalf of the Dutch State. It will reduce …
One of the largest banks in the Netherlands, ABN Amro, saw profits last year rise by more than half compared to a year earlier. The interest rates mean ABN Amro can earn wider margins on savings that people have deposited with the bank. ABN Amro now also thinks it is in a strong enough position to reward its shareholders, which …
Production and consumption in the Netherlands cause nearly 40 billion euros of damage to biodiversity. The damage comes from unsustainable land use, greenhouse gas emissions, and air and water pollution, ABN Amro reported based on a study by the bank and the Impact Institute. The biodiversity damage, therefore, leads to a loss of value for ecosystem services like food production, …
ABN Amro plans to cut 15 percent of its workforce, or some 2,700 jobs in the coming years, the bank said in an update on its strategy on Monday. ABN Amro wants to cut costs by 700 million euros to 4.7 billion euros in the coming years. "Today we announce we will be a personal bank in the digital age, …
If the European Union and United Kingdom part ways with a trade agreement in place, it will be a 4.5 billion euros blow to the Dutch economy. If there is a hard, no-deal Brexit, the Dutch economy will sustain 17.5 billion euros in damage, according to ABN Amro. A soft Brexit, with a trade agreement, will also put 17,770 jobs …
