ABN AMRO


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AcronymDefinition
ABN AMROAlgemene Bank Nederland-Amsterdam Roterdam Bank (Dutch bank)
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The Federal Reserve Board, the New York State Banking Department, and the Illinois Department of Financial and Professional Regulation on July 26, 2004, announced the execution of a written agreement by and among ABN AMRO Bank, N.V., Amsterdam, The Netherlands; ABN AMRO's branch in New York, New York; the Federal Reserve Bank of Chicago; the Federal Reserve Bank of New York; the New York State Banking Department; and the Illinois Department of Financial and Professional Regulation.
Using ABN Amro and another City bank, Morgan Stanley, he "pumped" four different shares on three separate occasions, buying loads of stock to make the price rise at just the right time.
ABN AMRO officials said that the move is in line with the closure of its spot stock trading section in Tokyo more than a year ago.
Given the excellent growth of these products, ABN Amro predicts that brewing companies will increasingly seek to put RTDs through their distribution networks.
Minuit landed an unbeatable bargain, but Kalff, ABN AMRO's rugged-faced 60-year-old chairman, has proved an astute investor as his company aggressively expands its commercial banking and finance reach.
The Bank of NT Butterfield & Son Limited (Butterfield) (NYSE:NTB) (BSX:NTB.BH) revealed on Monday that it closed the acquisition of ABN AMRO (Channel Islands) Limited (ABN AMRO CI), the banking subsidiary of ABN AMRO Bank NV based in Channel Islands, after receiving all regulatory approvals.
With the acquisition of ABN AMRO Channel Islands, Butterfield will significantly expand its presence in Guernsey and Jersey.
The move will combine ABN Amro's existing private banking activities in Belgium with those of Societe Generale.
CEO Private Banking of ABN AMRO Bank, Pieter van Mierlo said: "'We are a leading player in Private Banking in North-West Europe and are currently investing in, and further integrating, our activities across our core markets, to realise benefits of scale.
With this acquisition, ABN AMRO further strengthens its private banking activities in Europe.
Amsterdam : ABN Amro Group NV, the third-biggest Dutch lender, said first-half profit fell 2.7 per cent on higher loan-loss provisions related to the Netherlands' economic slump.
'ABN Amro is well on its way to improve the profitability of the bank as synergies will start to emerge from now on and integration costs will start to decline,' the bank's chief executive, Gerrit Zalm said.