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ABN Amro to Cut 250 CIB Employees

August 14, 2018 by Eugene Grygo

ABN Amro to Cut 250 CIB Employees

Dutch banking giant ABN Amro will be cutting 250 full-time employees from the Corporate and Institutional Banking (CIB) division because the business unit is not hitting the net income targets set by the bank, which will also be retreating from some international efforts. “The CIB cost base will be reduced by €80 million [$91.2 million],… Read More >>

Filed Under: Derivatives Operations, Derivatives Processing, Securities Operations, Clearing, Data Management, Mergers & Acquisitions, Risk Management, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Back-Office, Regulation & Compliance, Regulatory Reporting, Industry News, People Moves Tagged With: ABN AMRO, derivatives, Kees van Dijkhuizen, Societe Generale, staff reduction

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