The Perfect Prey: The Fall of ABN Amro, or: What Went Wrong in the Banking Industry?
Law Blog - WSJ.com (Free subscription) | yesterday
ABN Amro, which is jointly owned by RBS, Santander and the Dutch government, reported a third-quarter net loss and reiterated that it expects to separate its RBS businesses in the first-quarter of next year.
News-Insurances (Free subscription) | yesterday
Bank group ABN Amro reported a third-quarter net loss of a billion euros (1.5 billion dollars) on Wednesday, a sharp improvement from the outcome in the previous quarter. The figures included a 32-million-euro loss for the Dutch state which gave the bank a three-billion-euro cash boost last week. This brought the bank’s losses for the first nine [...]
France24 (Free subscription) | yesterday
Bank group ABN Amro reported a third quarter loss of a billion euros (1.5 billion dollars) Wednesday, including a 32 million-euro loss for the Dutch state that gave it a three-billion-euro cash boost last week. This brought its losses for the year to September 30 to 3.6 billion euros, the bank said in a statement. A loss of 873 million euros in the third quarter accrued to the parts of ABN Amro's...
The Age (Free subscription) | yesterday
Bank group ABN Amro reported a third quarter loss of a billion euros (1.5 billion US dollars) Wednesday, including a 32 million-euro loss for the Dutch state that gave it a three-billion-euro cash boost last week.
PR News Wire (Free subscription) | yesterday
NEW YORK, Nov. 25 /PRNewswire/ -- FXDD is proud to announce the acquisition of a magnificent new office space at 7 World Trade Center. The column-free 41,000 square foot space that makes up the entire 32nd floor is ideal for significant business operations expansion. FXDD now has a 13-year sublease on the space from ABN AMRO, which never moved in due to its takeover by the Royal Bank of Scotland.
Click World News (Free subscription) | 24/11/2009
The Rationalizer is a concept design for a bracelet that provides feedback on the stress level of day traders. Developed by Philips Electronics and Dutch bank ABN AMRO, it's like a high-tech mood ring. The aim is to help traders avoid rash decisions. From Physorg: The Rationalizer consists of an "EmoBracelet" and an "EmoBowl" and incorporates sensors and signal processors designed...
Market Watch (Free subscription) | 24/11/2009
HONG KONG (MarketWatch) -- Manulife Asset Management Hong Kong Ltd. said Tuesday it has signed an agreement to buy Fortis Bank SA's stake in a fund for 105 million euros ($157 million) to gain a "fast-track entry" into the Chinese asset-management industry. Manulife said the cash deal for Fortis' 49% stake in ABN Amro Teda Fund Management Co. will be earnings accretive in the first year...
altnews.com.au/drop aggregator (Free subscription) | 24/11/2009
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Law Blog - WSJ.com (Free subscription) | 24/11/2009
Manulife FinancialCorp. has signed an agreement to purchase Fortis Bank's 49% ownership in ABN AMRO TEDA Fund Management Co. for the equivalent of $156 million.
Sify (Free subscription) | 23/11/2009
The International Hockey Federation (FIH) announced the trial of an updated Video Umpire system at the ABN AMRO Men's Champions Trophy which will take place in Melbourne from November 28 to December 5.
News-Insurances (Free subscription) | 20/11/2009
The Dutch state said on Thursday it would inject an extra 3.0 billion euros (4.5 billion dollars) in cash into the merger of nationalised banks ABN Amro and Fortis. “The state will pay three billion euros in cash,” Finance Minister Wouter Bos announced in a letter to the lower house of parliament. The two banks were rescued [...]
The Telegraph (Free subscription) | 19/11/2009
The Dutch government is to pump another €4.4bn £3.9bn into ABN Amro to prop up the nationalised lender.
BBC News (Free subscription) | 19/11/2009
The Dutch government announces it will inject a further 4.4bn euros into bailed-out bank ABN Amro.
MSNBC.com (Free subscription) | 19/11/2009
The Dutch government Thursday announced a new $6.5 billion (euro4.4 billion) bailout package for nationalized bank ABN Amro, intended to help the bank restructure and return to a strong financial position. Business - Emergency Economic Stabilization Act of 2008 - Financial Services - Banking Services - Banks and Institutions
DealBreaker (Free subscription) | 19/11/2009
Deutsche Bank moved a step closer towards buying parts of ABN Amro, while the Dutch government moved a step closer (albeit an expensive one) to ridding itself of the state-owned bank and a former Deutsche Bank CEO moved a step closer to jail on a busy Thursday for west European banking. The Germans have agreed to pay €700 million to buy what it wants from its ill-fated western neighbor, as well...
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