ABN AMRO set to acquire German bank, Hauck Aufhäuser Lampe in €672 million deal
The transaction is set to be completed in the first quarter of 2025 pending regulatory approval.
Tag: ABN Amro
ABN Amro to cut 2,500 jobs in cull of investment bank business
As part of a business overhaul, ABN Amro will cut 15% of its workforce from 2022 and sell its Amsterdam Zuid headquarters.
ABN Amro prioritises review of investment bank as new chief says more de-risking is necessary
New chief executive at ABN Amro, Robert Swaak, says exposure to two clients in the first quarter was disappointing as he ramps up review of the CIB division.
Mass margin calls spark operational headache for buy-side and brokers
Market volatility sparked by the COVID-19 pandemic has resulted in a significant increase in prime brokers asking for more collateral from hedge funds.
ABN Amro confirms $200 million hit from client’s failed margin call
A client could not meet margin calls on US options and futures trades, forcing ABN Amro to close-out the position and take a $200 million loss.
Former PwC executive named CEO of ABN Amro
Robert Swaak replaces Kees van Dijkhuizen who has been chief executive at ABN Amro since 2017.
ABN AMRO adopts UnaVista regulatory reporting platform
ABN AMRO Bank will use UnaVista’s platform for MiFID II and SFTR regulatory reporting.
ABN Amro to clear Eurex FX futures and options
ABN Amro Clearing to provide support for classic FX derivatives contracts with monthly and quarterly expiries, as well as rolling spot futures.
ABN AMRO to cut 250 investment banking jobs
ABN AMRO says 250 jobs within corporate and investment banking will be cut to reduce costs across the struggling business.
Susan Gilbertson appointed Mizuho Americas director of US equity research
Former Jefferies director to lead equity research in Americas for Japanese banking group.