Coal mining is under pressure as more financial institutions seek to eliminate funding
ABN AMRO Cutting 800 Jobs As It Slashes Investment Banking Unit
ABN AMRO was heavily exposed to energy trading losses in Asia and the Wirecard fiasco in Germany
Dutch Launch Laundering Probe Into ABN Amro
The shares tumbled after a terse company statement
US Will Reach Deal With China But Strategic Competition Will Continue
ABN Amro senior economist Arjen van Dijkhuizen said the slowdown in Chinese trade growth is bottoming out and the country’s economy will start stabilizing from Q2 2019.
Turkey Central Bank To Leave Interest Rates Unchanged
Turkey’s central bank will prefer to watch October and November inflation before making a call on hiking rates in December, ABN Amro economist.
Trump Tariffs Yet To Sting China
But the 25 percent tariffs from January, 2019, could slow Chinese growth, raise U.S. inflation and put more downward pressure on emerging markets.
Regulatory Costs Undercut ABN Amro’s Profit
The Dutch lender reported a 32 percent yearly drop in fourth-quarter net profit, as regulatory costs rose to $247 million from $101.2 million a year ago.
ABN Amro Heads Back To The Market With $17.8B Valuation
The bank's Friday listing is the largest European bank IPO since the 2008 financial crisis.
RBS Looking To Sell $5B Greek Shipping Loan Business: Report
Royal Bank of Scotland is winding down its Greek operation and putting its $5 billion shipping loans portfolio up for sale as the group scales back non-core activities, sources said, according to an exclusive Reuters report.
Singapore Competition Watchdog Blocks Deal For First Time
The CCS blocked a takeover for the first time because the deal would result in a "substantial lessening of competition."
Eurozone Prices Fall At Record-Equaling Pace In January
Some economists said the impact of certain tax hikes a year ago could have led to the eurozone core figure dropping.
Oil Sinks Below $63 To Lowest In Over 5 Years On Glut, Weak Demand
Brent is down roughly 9 percent this week, some 45 percent below its June peak above $115 per barrel.
US Stock Futures Signal Higher Open Before Jobless Claims Data
U.S. stock futures edged higher on Thursday after falling steeply in the previous session.
RBS To Cut 1,400 Jobs Over 2 Years At UK Head Offices
The lender says the job reductions are part of efforts to restructure its retail division's head office and customer-facing positions remain.
Monte Dei Paschi Accused Of Hiding Huge Losses
Italy's Monte dei Paschi, the world's oldest bank, is accused of hiding huge losses from complex deals just before a massive government bailout.
S&P Roughed Up Down Under
The Australian judiciary delivered a crushing defeat to credit-rating agency Standard & Poor's this week that may have global repercussions
Barclays Taking Over ING's UK Operations
ING Groep N.V. (NYSE:ING) will sell its $26.5 billion UK operations to Barclays PLC (LON: BARC) at a discount.
Deutsche Bank Investigated Over Iran, Sudan Ties
Deutsche Bank AG (NYSE: DB), Germany's largest bank, is being investigated by U.S. officials over ties to Iran and Sudan.
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Germany Now Borrowing Money For Free
Investors on Wednesday eagerly snatched up a new two-year German bond with a zero-percent coupon, meaning investors were willing to pay to loan money to Europe's strongest economy when expected inflation is factored in. The yield ended at 0.07 percent.
Euro Zone Avoids 2nd Recession As German Q1 GDP Surprises
Stronger-than-expected growth in Germany helped the euro area avoid its second recession in three years at the start of 2012 but stagnation in France and contraction in southern Europe underlined the huge economic disparities across the single currency bloc.
Euro Zone Economy Avoids Recession But Split Grows
The euro zone just avoided recession in early 2012, but the region's debt crisis sapped the life out of the French and Italian economies and widened a split with paymaster Germany.
Royal Bank Of Scotland Set To Pay Back £163 Taxpayer Billion Bailout
The part-nationalized bank is expected to make the announcement on Friday during its first-quarter update, where it will also announce pre-tax losses of under £50 million, down from losses of £106 million this time last year.
Conflicting Reports On 'Imminent' UK Government Partial Sale Of RBS To Abu Dhabi
The British government has been in talks with Abu Dhabi's cash-rich sovereign wealth funds to sell a large portion of its 82 percent holding of RBS for months, according to a report.
ABN AMRO Hit By Bad Loans At Home, Greek Debt
Dutch state-owned bank ABN AMRO said it expected bad loan costs to remain high this year due to the recession in the Netherlands, after a tripling of such costs in the fourth quarter pushed it into a loss.
ABN AMRO hit by bad loans at home, Greek debt
Dutch state-owned bank ABN AMRO said it expected bad loan costs to remain high this year due to the recession in the Netherlands, after a tripling of such costs in the fourth quarter pushed it into a loss.
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