ABN AMRO

abn amro - All News and Analysis

• Aviva Says Dutch Joint Venture to Continue

  ReutersUK - 2009-01-08

  LONDON (Reuters UK) - Aviva AV, the country's biggest insurer, said its joint venture with state-owned ABN AMRO in the Netherlands would continue after the Dutch government reversed a decision by ABN's previous owner to end the deal.The Dutch state, which acquired ABN AMRO's Dutch unit as part of the...

  Tags: ABN AMRO, Aviva Plc., Government, Insurance, Financial Planning, Business Operations, Corporate Insurance, Avaya Inc.

• Santander to Form Uruguay's Biggest Private Bank

  ReutersUK - 2008-12-23

  MONTEVIDEO (Reuters UK) - The Uruguayan affiliate of Spain's largest bank, Santander SAN, said on Tuesday it had received government approval to incorporate ABN AMRO's assets to form the largest private bank in Uruguay.In a global deal, Santander, the Royal Bank of Scotland RBS and Belgian-Dutch financial group Fortis FOR...

  Tags: ABN AMRO, Bank, Santander, Financial Services, Oukbs, Uruguay

• ADDING MULTIMEDIA China Architectural Engineering Names Seasoned Former Banker Bert Grisel as New CFO

  - 2008-10-29

  Company Also Further Enhances Finance and Accounting Operations with New Controller and Head of Accounting ZHUHAI, China & LOS ANGELES -- China Architectural Engineering, Inc. CAE (NASDAQ:CAEI), a leader in the design, engineering, fabrication and installation of high-end building envelope systems, today announced three new appointments designed to significantly...

  Tags: ABN AMRO, accounting, audit, CFO, China, Company, FINANCE, financial, Investment, multimedia

• Fortis statement on DNB decision for EC Remedies sale

  - 2008-09-30

  Fortis has been informed by De Nederlandsche Bank DNB, the Dutch central bank, that the decision for approval of the sale of several ABN AMRO assets to Deutsche Bank will not be made until further notice, following further review. DNB referred to the exceptional circumstances on international financial markets,...

  Tags: ABN AMRO, asset, Brussels, FINANCE, Fortis, Insurance, Leadership

• Fortis to sell ABN AMRO TEDA share to Old Mutual

  - 2008-08-21

  Fortis Bank SA/NV ("Fortis"), Old Mutual plc ("Old Mutual") and Tianjin TEDA Investment Holding Co., Ltd ("TEDA") have entered into an agreement for Old Mutual to acquire the 49% stake that Fortis holds in ABN AMRO TEDA...

  Tags: ABN AMRO, asset, Fortis

• Results first half-year 2008

  - 2008-08-04

  Fortis's first half year net profit of EUR 1,638 million Net profit up 3% in second quarter 2008 to EUR 830 million, but environment is becoming more difficult * Fortis first half year 2008...

  Tags: ABN AMRO, Fortis, tax

• NAB walks while IAG talks: National Australia Bank's decision to ditch its plans to buy the local arm of Dutch investment bank ABN AMRO has been described as disappointing. Meanwhile, Insurance Australia Group's chief executive Michael Wilkins speaks to A

  - 2008-07-30

  [ILLUSTRATION OMITTED] Experts believe National Australia Bank's decision to walk away from ABN AMRO Australia doesn't necessarily mean its efforts to acquire an investment bank is over and that it may be exploring other options in the marketplace. While describing the decision as disappointing, chief analyst for Wealth...

  Tags: ABN AMRO, bank, Banking, finance, National Australia Bank, strategy

• Fitch Takes Various Actions on 14 ABN AMRO Prime Pre-2005 Deals

  - 2008-07-25

  NEW YORK -- Fitch Ratings has taken numerous rating actions on the 14 ABN AMRO Prime RMBS transactions listed below: --Series 2002-10; --Series 2003-1; --Series 2003-10; --Series 2003-11; --Series 2003-12; --Series 2003-13; --Series 2003-2; --Series 2003-3; --Series 2003-4; --Series 2003-5;...

  Tags: ABN AMRO, Fitch

• STOCKS FOCUS: RBS

  - 2008-07-13

  Royal Bank of Scotland RBS, which last year led a consortium to buy ABN Amro in a dollars112 billion (GBP56.7bn) deal, is now looking to sell the Dutch bank's operations in Australia and New Zealand. National Australia Bank said it was in talks with RBS to buy ABN's...

  Tags: ABN AMRO, Banking

• ABN Amro worries continue to weigh on RBS

  - 2008-07-08

  MARKET REPORT The Royal Bank of Scotland ended at second place on the FTSE 100 loser board yesterday after Cazenove said that, despite its 12bn rights issue, the bank remained challenged by its exposure to weakening corporate credit quality and the uncertainties of the acquired ABN Amro balance...

  Tags: ABN AMRO, FINANCE, Investment, stock

• Fortis, ABN AMRO and Deutsche Bank agree on sale of parts of ABN AMRO Business Unit Netherlands

  - 2008-07-02

  Amsterdam / Brussels / Utrecht / Frankfurt, 2 July 2008 Fortis, ABN AMRO and Deutsche Bank announced today that they have signed an agreement by which Deutsche Bank will acquire from ABN AMRO parts of its commercial banking activities in the Netherlands for EUR 709 million in cash. ...

  Tags: ABN AMRO, bank, Banking, Deutsche Bank AG, Fortis, Netherlands

• Broker moots merger of Trinity and Johnston

  - 2008-07-02

  MARKET REPORT Trinity Mirror and Johnston Press failed to draw any steam out of suggestions that they should merge yesterday as the London market, unsettled by fears for the economy, sank into the red. ABN Amro said that, given the problems faced by the media sector,...

  Tags: ABN AMRO, FINANCE, Investment, merger, U.K.

• Fears of covenant breach weigh on Wolseley

  - 2008-06-28

  MARKET REPORT Wolseley touched its lowest level since late 2001 yesterday after ABN Amro warned investors about the risk of a covenant breach and highlighted the need for a rights issue. The broker said the company will breach its existing net debt to earnings before interest,...

  Tags: ABN AMRO, covenant, Deutsche Bank AG, FINANCE, Investment, stock

• Fortis shares slump 20% on EUR 8bn capital raising plan

  - 2008-06-27

  Fortis has become the latest banking group to bolster its balance sheet in the wake of the credit crunch and its joint acquisition of ABN Amro, kicking off an $8bn (6bn) capital raising plan yesterday. Just a day after the announcement of a 4.5bn fund raising from Barclays,...

  Tags: ABN AMRO, Banking, FINANCE, Fortis

• Main movers

  - 2008-06-19

  AGlaxoSmithKline 1,102p (up 22p, 2.04 per cent) HPV vaccine contract with Department of Health. AMouchel 451p (up 9.75p, 2.21 per cent) In-line interim management statement. ABluebay Asset Management 274p (up 3.75p, 1.39 per cent) Non- exec director Alan Gibbins picks up 10,000 shares. APV...

  Tags: ABN AMRO, FINANCE, HEALTHCARE, Investment

• RBS investors give Sir Fred one year to shape up or ship out

  - 2008-06-15

  Leading investors in Royal Bank of Scotland RBS have told Merrill Lynch, the group's adviser, that chief executive Sir Fred Goodwin has one year to save his job. However, rumours in Edinburgh suggest Sir Fred is fed up of recent criticisms and could leave within three months. Merrill...

  Tags: ABN AMRO, FINANCE, investor, Merrill Lynch & Co. Inc., RBS, shareholder, Sir

• British bank RBS says earnings outlook 'satisfactory'

  - 2008-06-11

  LONDON AFP — Royal Bank of Scotland said on Wednesday that its earnings were forecast to remain "satisfactory" excluding write-downs connected to the global credit crunch. In a trading update, Britain's second-biggest bank said write-downs were expected to remain within its estimates. In April, RBS had revealed pre-tax write-downs...

  Tags: ABN AMRO, Agence France-Presse, bank, Britain

• Catch The Action

  - 2008-06-10

  Live Greyhound Racing (Sky Sports 2, 7.30pm) The William Hill Cesarewitch. Coverage of the prestigious meeting in Oxford, won last year by the Paul Foster-trained Dark Hondo. The 5/4 favourite narrowly pipped the fast-finishing Evergreen Classic to land the pounds 5,000 first prize. Ladies European Tour Golf (Sky...

  Tags: ABN AMRO, Holland

• Catch The Action

  - 2008-06-10

  Live Greyhound Racing (Sky Sports 2, 7.30pm) The William Hill Cesarewitch. Coverage of the prestigious meeting in Oxford, won last year by the Paul Foster-trained Dark Hondo. The 5/4 favourite narrowly pipped the fast-finishing Evergreen Classic to land the pounds 5,000 first prize. Ladies European Tour Golf (Sky...

  Tags: ABN AMRO, Holland

• Sistema Signs US$ 613.3 Million Standby Letter of Credit and Term Loan Facility

  - 2008-06-06

  MOSCOW -- Sistema (LSE: SSA), the largest public diversified corporation in Russia and the CIS, which manages fast growing companies operating in the consumer services sector, today announced the signing of US$ 613.3 million syndicated multi-tranche loan facility (the "Facility") with ABN AMRO. The Facility has a tenor of...

  Tags: ABN AMRO, Russia, Strategy