ABN Amro to appoint former BNP Paribas banker Berard as CEO
Dutch bank ABN Amro on Friday said it intended to appoint Marguerite Berard as its new CEO at its general shareholders meeting in April.
ABN Amro CFO says potential U.S. tariffs are a concern
ABN Amro's CFO Ferdinand Vaandrager discusses the Dutch bank's third-quarter earnings, potential U.S. tariffs and European banking mergers and acquisitions.
ABN AMRO: Disappointment On Capital Returns Overshadows A Fine Q3
Despite strong year-to-date financial results, shares of Dutch bank ABN AMRO have been frustratingly flat since my last piece in May. Third quarter results were good, with the bank beating consensus on both the top and bottom lines. The only disappointment came on the capital returns front, with management delaying a decision on buybacks by around six months.
LME fines ABN AMRO $300,000 in disciplinary action
The London Metal Exchange (LME) has taken disciplinary action regarding the risk management systems of ABN AMRO Clearing Bank NV, which has agreed to pay a fine of 230,000 pounds ($299,200), the exchange said on Thursday.
Dutch government to reduce its stake in ABN Amro by a quarter
The Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan. Governments have been capitalizing on a rebound in shares to sell their shareholdings in banks that were taken over during the financial crisis.
Dutch government cuts stake in ABN Amro to 40.5%
The Dutch government's latest sale of ABN Amro shares has reduced its stake in the bank to 40.5% from 49.5%, Finance minister Eelco Heinen said in a letter to parliament on Wednesday.
ABN AMRO: Profitability To Drop On ECB Rate Cuts/Credit Cost Normalization (Rating Downgrade)
ABN AMRO is a Dutch bank, deriving 73% of its H1 2024 operating income from net interest income. The company has outperformed the iShares MSCI Europe Financials ETF in 2024 but faces profitability challenges due to ongoing ECB rate cuts and normalizing credit costs. The bank's Q2 2024 results showed a decline in operating income and profit across segments, but return on equity is still elevated thanks to a benign credit environment.
ABN Amro cautious on NII growth into 2025 amid expected rates decrease
Dutch lender ABN Amro said on Wednesday it does not see a significant positive trend in net interest income into 2025 compared to 2024 amid an expected gradual normalisation of deposit margin as interest rates are likely to decrease.
ABN Amro posts Q2 net interest income above estimates
Dutch lender ABN Amro beat second-quarter net interest income expectations on Wednesday, benefiting from a "higher for longer" environment for interest rates.
ABN Amro to buy German lender Hauck Aufhäuser Lampe for $730 million
Dutch lender ABN Amro has agreed to buy private bank Hauck Aufhäuser Lampe (HAL) for 672 million euros ($730 million), strengthening its position as one of the top three wealth management firms in Germany.
ABN AMRO to Buy Private German Bank for EUR672 Million
ABN AMRO Bank has agreed to acquire a private German bank for 672 million euros, positioning itself as one of the top three wealth-management firms in the country.
ABN Amro in talks over French life insurance deal with BNP
Dutch bank ABN Amro said on Friday its French private bank branch Neuflize OBC had entered exclusive negotiations with BNP Paribas Cardif to form a strategic partnership in life insurance in France.
