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ABN Amro exits trade, commodity finance in wider industry shake-up

By Bart H. Meijer

AMSTERDAM (Reuters) – ABN Amro is to end all trade and commodity financing after a series of losses, shedding 800 jobs as it joins a growing list of banks restructuring or reducing their commodities business to cut risk.

Global banks were shocked by a series of

 
nikholas
August 12, 2020
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Business

ABN Amro Cuts a Third of Investment Bank After Virus Losses

(Bloomberg) -- ABN Amro Bank NV will cut its investment bank by about a third and shut down lending outside of Europe as the Dutch...

nikholas
August 12, 2020
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Business

ABN Amro to Exit Corporate Finance Outside Europe in Revamp

(Bloomberg) -- ABN Amro Bank NV will stop providing corporate finance outside Europe and exit trade and commodity financing altogether as the Dutch bank tries...

nikholas
August 12, 2020
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