Dutch minister of finance Jeroen Dijsselbloem (pictured) has announced he will delay the sale of ABN Amro Group due to the controversy around pay increases at the bank. ABN Amro was taken over in 2007 by a consortium of the Royal Bank of Scotland, Fortis and Banco Santander, constituting the biggest bank takeover to date. […]
The future of troubled Franco-Belgian bank Dexia is producing mixed reactions in the French press, from fears about the financial implications of saving the bank to France’s economic relationship with its Belgian neighbour.
Europe-wide banking regulator the European Banking Authority will publish results of stress tests for 91 banks across the region later today, once markets have closed.
Two employees at Arbuthnot Latham have been promoted to chief investment officers, Fortis has appointed a global head of foreign exchange products, Fields Wicker-Miurin has joined the BNP Paribas board, promotions at BNY Mellon have signalled expansion of its Cayman trust business and wealth management in EMEA, and UK private bank Duncan Lawrie has gained a marketing and sales head from Skandia.
Dutch shareholder association VEB is the second group to file a lawsuit against former Belgian-Dutch bank Fortis, now known as Ageas, for misleading investors in the beleaguered bank up to its collapse in 2008