• ABN AMRO’s New York cuts are a warning for other European banks

    ABN AMRO’s New York cuts are a warning for other European banks0

    • JOBS
    • December 30, 2020

    It’s not clear how many people that Dutch bank ABN AMRO will cut immediately in New York as a result of the 2,800 job cuts and the shrinkage of its investment bank that was announced today, but the accompanying presentation doesn’t bode well for the Dutch bank’s Park Avenue employees. In today’s presentation, ABN says it will

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  • ABN Amro to Cut About 2,800 Jobs as Investment Bank Shrinks

    ABN Amro to Cut About 2,800 Jobs as Investment Bank Shrinks0

    • JOBS
    • December 14, 2020

    ABN Amro Bank NV plans to cut about 2,800 jobs over four years as the Dutch lender retreats from large parts of its investment bank and digitization allows it to operate with a smaller staff. The company plans to reduce costs by about 700 million ($840 million) by 2024 to 4.7 billion euros. The workforce

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  • Bank Job Losses Hit Five-Year High With ABN Amro, Sabadell Cuts

    Bank Job Losses Hit Five-Year High With ABN Amro, Sabadell Cuts0

    • JOBS
    • December 12, 2020

    ABN Amro Bank NV and Banco de Sabadell SA disclosed plans to eliminate as many 4,600 positions between them this week. Photographer: Yuriko Nakao/Bloomberg Photographer: Yuriko Nakao/Bloomberg Banks around the world have announced the most job cuts in five years as the pandemic adds further pressure to business models upended by the digital revolution. ABN Amro Bank NV

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  • UPDATE 3-Dutch bank ABN Amro to shed almost 3,000 jobs in pull back from abroad

    UPDATE 3-Dutch bank ABN Amro to shed almost 3,000 jobs in pull back from abroad0

    • JOBS
    • December 12, 2020

    * ABN Amro seeks to reduce costs by 700 mln euros * Job cuts across the bank as it digitises processes * Bank aims for core CET 1 ratio of 13% * Shares, already cut in half this year, fall almost 5% (Adds CFO and analysts quotes, share price moves, background) AMSTERDAM, Nov 30 (Reuters)

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