IBTimes Australia : ABN AMRO Topic

ABN AMRO cuts 400 jobs as prepares for eventual sale

Fri, 17 May 2013 16:49:02 +1000

State-owned Dutch bank ABN AMRO is to cut 400 jobs, about 2 percent of its workforce, as it prepares for an eventual sale.

Germany can't stop euro zone from sinking into longest recession

Wed, 15 May 2013 20:49:02 +1000

Germany's economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter, and France slid into recession.

Global shares near 5-year high as central bank rally rolls on

Tue, 07 May 2013 21:35:07 +1000

World shares hit their strongest in almost five years and Germany's Dax reached an all-time high on Tuesday, as signals top central banks will remain supportive of growth continued to drive markets.

Commodities slump sends slow ripples through world economy

Mon, 22 Apr 2013 15:28:01 +1000

Lower airfares, cheaper food and rising profit margins are among the benefits that should flow from tumbling oil and commodity prices - but only after a long lead time.

Growth fears hit Europe stocks and oil, gold recovers

Wed, 17 Apr 2013 20:42:03 +1000

European shares dropped sharply on Wednesday as investors switched to stronger markets in the United States and Asia, where economic growth prospects are brighter due to massive central bank stimulus.

European stocks hit by growth fears, gold rebounds

Wed, 17 Apr 2013 18:28:02 +1000

European shares sank by over one percent on Wednesday despite a recovery on Wall Street and across Asia, as investors positioned for sluggish growth in the euro area and ongoing monetary policy easing in the U.S. and Japan.

Gold, oil steady after plunge

Tue, 16 Apr 2013 18:42:02 +1000

Gold regained ground after its biggest fall on record and oil steadied after falling below $100 a barrel for the first time in nine months on Tuesday but investors stayed nervous about the health of the global economy.

RBS Banker Vsevolod Glukhovtsev Faces £6m Fraud Charge in Moscow Court

Sat, 13 Apr 2013 00:48:20 +1000

Bank vice-president accused of hoodwinking investors in bogus Montenegro property scheme.

Deutsche Bank to cut 18,000 small Dutch clients

Thu, 11 Apr 2013 23:35:02 +1000

Deutsche Bank is dumping most of its accounts with small businesses in the Netherlands, reversing an expansion drive of recent years to cut losses and focus on big companies.

RBS faces $6 billion investor action

Thu, 04 Apr 2013 04:42:02 +1100

A group of shareholders in Royal Bank of Scotland is suing the lender and four former directors for losses they claim they incurred when the bank succumbed to a state bailout in 2008.

Royal Bank of Scotland faces $6 billion investor action

Thu, 04 Apr 2013 04:28:02 +1100

A group of shareholders in Royal Bank of Scotland is suing the lender and four former directors for losses they claim they incurred when the bank succumbed to a state bailout in 2008.

Analysis: Bailout sends Cyprus on uncertain quest for new growth model

Thu, 04 Apr 2013 02:28:02 +1100

Cyprus's bank restructuring, a condition for international aid it needed to stave off bankruptcy, will force the Mediterranean island to scramble for new ways to generate wealth.

Analysis - Bailout sends Cyprus on uncertain quest for new growth model

Thu, 04 Apr 2013 02:14:02 +1100

Cyprus's bank restructuring, a condition for international aid it needed to stave off bankruptcy, will force the Mediterranean island to scramble for new ways to generate wealth.

RBS sued over "misleading" 2008 cash call

Fri, 29 Mar 2013 02:42:02 +1100

A group of shareholders in Royal Bank of Scotland has launched a multi-million pound lawsuit against the state-owned bank for misleading investors at the height of the credit crisis in 2008.

Belgian prosecutors seek trial of ex-Fortis directors

Thu, 21 Feb 2013 05:28:01 +1100

Belgian prosecutors have concluded that seven former directors of Fortis should face trial for allegedly misleading investors during the Belgian-Dutch bank's purchase of part of Dutch lender ABN AMRO and before its 2008 collapse.

Diamonds Are for Robbers: $50M Heist in Brussels Airport

Wed, 20 Feb 2013 10:52:45 +1100

Machine-gun toting robbers seized on Monday night $50 million in diamonds from a plane in Brussels. The heist, which occurred at the Zaventem Airport, was pulled off by eight heavily armed and hooded thieves disguised as police, disclosed Anja Bijnen, spokeswoman of Brussels prosecutors.

RBS offers poisoned chalice to next investment bank boss

Fri, 08 Feb 2013 01:21:01 +1100

Wanted: Investment banking boss. Must be willing to fall on sword if division is embroiled in scandal you had no knowledge of, even if your bosses keep their jobs.

Standard & Poor's to Face US Government Lawsuit Over Pre-Crisis Debt Ratings

Tue, 05 Feb 2013 07:40:15 +1100

McGraw Hill shares plunge to six-month low after S&P unit says Justice Department planning civil suit

Dutch want management of rescued bank held accountable

Mon, 04 Feb 2013 07:00:05 +1100

The Dutch finance minister said on Sunday he would look at whether those responsible for the mismanagement of SNS Reaal can be held accountable following last week's 10 billion euro rescue of the country's No. 4 bank.

Dutch nationalise SNS Reaal in $14 billion rescue

Sat, 02 Feb 2013 03:00:03 +1100

The Netherlands has nationalised bank and insurance group SNS Reaal in a $14 billion (8.89 billion pounds) rescue that highlights the fragility of European banks and the continued exposure of taxpayers five years after the financial crisis erupted.

Dutch announce $14 billion rescue for SNS Reaal

Fri, 01 Feb 2013 23:21:03 +1100

The Netherlands has nationalised bank and insurance group SNS Reaal in a $14 billion (8.84 billion pounds) rescue that highlights the fragility of European banks and the continued exposure of taxpayers five years after the financial crisis erupted.

Netherlands nationalizes SNS Reaal at cost of $5 billion

Fri, 01 Feb 2013 22:07:02 +1100

The Netherlands nationalized bank and insurance group SNS Reaal at a cost of 3.7 billion euros ($5 billion) on Friday to shore up confidence in the financial sector after a private investor-led rescue collapsed.

Netherlands nationalises SNS Reaal at cost of $5 billion

Fri, 01 Feb 2013 20:21:01 +1100

The Netherlands nationalised bank and insurance group SNS Reaal at a cost of 3.7 billion euros (3.1 billion pounds) on Friday to shore up confidence in the financial sector after a private investor-led rescue collapsed.

Euro gains but shares steady before economic data

Fri, 01 Feb 2013 19:42:02 +1100

The euro hit a fresh 14-month high on Friday as investors returned to the region's riskier asset markets, while shares steadied ahead of a batch of major U.S. and European economic data.

Italian Regulators Call Emergency Meeting Amid Growing Monte dei Paschi Scandal

Mon, 28 Jan 2013 23:14:32 +1100

The world's oldest bank is accused of hiding millions in losses as it made pleas for a €4bn state rescue that involves Italy's political elite

Rothschild says never advised Monte Paschi on Antonveneta buy

Sun, 27 Jan 2013 22:35:02 +1100

Advisory group Rothschild's Italian unit has never advised Monte dei Paschi di Siena on any capital measure linked to the acquisition of smaller peer Antonveneta from Santander , it said on Sunday, denying a press report.

RBS 'in Talks' with Yes Bank to Sell Indian Unit

Tue, 15 Jan 2013 20:38:49 +1100

Move by RBS for Yes Bank takeover comes after earlier failed bid to sell to HSBC..

Yes Bank in Talks to Buy RBS India Banking Units

Tue, 15 Jan 2013 18:50:38 +1100

Mid-sized lender Yes Bank Ltd (YESB.NS) is in talks to buy the local retail and commercial banking operations of Royal Bank of Scotland Group Plc (RBS) (RBS.L), a source with direct knowledge of the matter said on Tuesday.

TNT slumps as UPS pulls bid on EU veto

Tue, 15 Jan 2013 03:42:01 +1100

UPS is dropping its $7-billion bid for Dutch delivery firm TNT Express after European anti-trust regulators said they would veto it, leaving TNT's future in doubt and almost halving the value of its shares.

UPS to drop TNT Express bid after European Commission veto

Mon, 14 Jan 2013 22:21:01 +1100

United Parcel Service Inc said it would drop its 5.2 billion euro ($7 billion) bid for Dutch delivery firm TNT Express on the expectation of an EU veto, a sharp blow that halved the value of TNT's shares within minutes.