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Showing results for ABN AMRO MORTGAGE GROUP INC, Its affilates, heirs and assigns
...Over the past year European lenders ABN Amro, Société Générale and Barclays have beefed up their Australian offices and reapplied for banking licences, which they gave up in the wake of the 2008-09 financial...
...However, news last week that Sweden’s Nordea had proposed reversing itself into Dutch rival ABN Amro hardly qualifies as that....
...Deutsche’s, for example, was just 10.8 per cent at the end of June, while the Netherland’s ABN Amro had a CET1 ratio of 16.2 per cent. In the US, there is more uniformity....
...The high cost of the takeover sparked immediate controversy not least because the sale came out of the fated break-up of ABN Amro that later engulfed Royal Bank of Scotland and Fortis....
...Some $250m went to two Abacus investors: Germany’s IKB and a part of ABN Amro of the Netherlands that was absorbed into Royal Bank of Scotland. Mr Tourre has denied any wrongdoing....
...ACA is seeking $15m to cover the amount it paid to ABN Amro, the secondary insurer on the Abacus deal which assumed liability for ACA when it was unable to make the payments....
...ABN Amro Clearing, part of the Dutch bank group, will begin to handle clearing interest rate swaps from December as it fights for a slice of the world’s largest over-the-counter derivatives market....
...Regulators would need to be able to block Royal Bank of Scotland’s takeover of ABN Amro, halt Northern Rock’s expansion, and fire Dick Fuld and his associates from Lehman – and that just for starters....
...The group reported swift deterioration of profit margins since its third-quarter trading update in mid-January and indicated a further decline into its next fiscal year....
...RBS was awarded $100m from the settlement, although it suffered losses of $841m due to the involvement of ABN Amro, the Dutch bank that it acquired in 2007....
...The wheels came off at the height of the boom in 2007 when he led a consortium (RBS, Fortis and Santander) to acquire ABN Amro....
...At the time, Barclays had just failed to buy ABN Amro, the toxic debt-laden Dutch bank that has subsequently forced government rescues of two of its three acquirers, Royal Bank of Scotland and Fortis....
...That ABN Amro had to pay $841m when the deal went bad can hardly make for good relations between Goldman and the UK government, which owns most of RBS....
...Goldman was paid a $15m fee and received a further $841m from Royal Bank of Scotland, which had bought ABN Amro. Most of the RBS payment was passed on to Paulson & Co....
...ACA Capital, which selected the securities, lost $900m and later failed (with ABN-Amro assuming liability). Goldman, which tried to shed its position but could not hedge it exactly, lost $100m....
...“It is pretty hard for me to get sympathetic because they made a dumb credit deal,” Mr Buffett said of the Dutch bank ABN Amro Group, one of the major losers from the Abacus transaction at the centre of...
...That merger will be reversed, splitting in two what had become the biggest listed Dutch financial group following the break-up of ABN Amro two years ago....
...Most of ABN Amro’s operations are still pooled in RFS Holdings, a vehicle created by RBS, Santander and Fortis to facilitate its break-up....
...But the most memorable was the battle for control of ABN Amro, which was triggered by a letter to the Dutch bank from The Children’s Investment Fund, a London-based hedge fund, which demanded ABN either...
...The banking group did make a number of rash acquisitions, however, including the ill-fated purchase of Dutch bank ABN Amro in 2007 using wholesale market funding....
...Hence the contest between Royal Bank of Scotland and Barclays as to which bank would court bankruptcy by buying ABN Amro. Ignorance of products may also be a problem....
...More recently, the failed takeover of ABN Amro, the Dutch lender, by Barclays of the United Kingdom was an effort to create an institution that could serve customers from Birmingham to Beijing....
...Fortis’s quest for growth did not begin with the ABN Amro deal. For much of the previous decade, the group had been looking to grow and escape its crowded and low-growth domestic market....
...value of some of its mortgage assets by making sales to the US’s proposed bad bank....
...By its own calculations, Fortis needed at least another €5bn of capital a year or so down the line, as it started to fold in the largest part of the ABN Amro business it bought last year....
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