NLFI finalises fourth trading programme in ABN AMRO
The programme sold depositary receipts, reducing the state's stake to 20.5%.
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Dutch retail, corporate, and private bank
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In short: ABN AMRO was fined €8.5 million by the Dutch central bank for AML failings and faced controversy over outsourcing core credit card tasks.
The programme sold depositary receipts, reducing the state's stake to 20.5%.
The prize recognizes the work of all colleagues to make banking more accessible, personal and relevant, including initiatives like neo-bank BUUT.
The outsourcing from Q2 2028 includes credit card issuing, transaction processing, and IT platform, with no employee transfer to Worldline.
DNB found structural issues in due diligence for high-risk customers; bank accepted fine and is taking remediation measures.
The state holds a stake of 20.5% in one of the largest consumer banks in the Netherlands due to control.
Jefferies on Wednesday raised the price target for ABN AMRO from 39.00 to 45.00 euros, maintaining its buy recommendation. This was evident from a report of...
ABN AMRO does not have to pay social enterprise KempenPlus a good 54,000 euros, but just over 14,000 euros in compensation, due to the multi-million fraud by an accountant.
ABN AMRO has taken note of the decision by De Nederlandsche Bank (DNB) to impose an administrative fine of EUR 8.5 million in relation to...
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