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The Dutch central bank has handed down a hefty €15 million fine to ABN Amro for awarding bonuses to senior executives, a practice strictly forbidden for state-owned banks since 2012. This punitive action stems from the bank’s decision to defy explicit…
Following a review by its new CEO, the bank will wind down all of its non-European corporate banking operations and stop providing trade and commodity finance. «We will serve clients in segments where we can achieve scale, so we will focus on the Netherlands…
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