AMRO Channel Islands, the transaction will bring the benefits of a more extensive loan product offering, as well as the opportunity to extend its service offering to the private equity and insurance industries.
We further assume ABN
AMRO would need to meet its total minimum capital requirements immediately after a resolution action, which on a fully loaded basis, including the CBR, currently amounts to 15.25%.
Gaurang Desai, CEO of DGCX Group, said, "We are excited to welcome ABN
AMRO Clearing as a new clearing member, as this will further augment our client base and widen participation to DGCX's diverse product range.
Amro's 72 billion-euro takeover, the financial services industry's largest ever, proved disastrous when the crisis struck in 2008.
The $72 billion euro ($76.8 billion) takeover of ABN
Amro -- the largest in the history of the financial services business -- failed due to the financial crisis in 2008.
The re-privatization of ABN
Amro had been expected earlier this year, but the government delayed it amid anger at pay rises given to the bank's directors.
Amro's own investigation "hasn't yielded any proof or clues of further irregularities, other than the mentioned breaches of internal rules, lines of conduct and local rules," Dutch Finance Minister Jeroen Dijsselbloem said in a letter to parliament.
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Nationalised Dutch bank ABN
Amro Bank NV (NYSE: ABN
) has reported a net loss of EUR627m in the first nine months of the year, as compared with a net profit of EUR352m a year earlier following charges related to the merger and integration of Fortis Bank Nederland.
The Dubai International Financial Centre (DIFC) announced that ABN
AMRO Bank N.V.
The European Commission approved temporarily under EU state aid rules, on 8 February, aid granted by the Netherlands to ABN
AMRO and Fortis Bank Nederland (FBN) within the framework of the merger of the two banks, nationalised in October 2008.
Agri-Broadcasting Network (ABN
) Radio, Columbus, OH, has a 36-year history as Ohio's largest farm-radio network.