ABN Amro
Corporate statement: The RICI® EnhancedSM indexes – attracting increasing interest from institutional investors
The Royal Bank of Scotland discusses the development of a series of indexes called the RICI® EnhancedSM Series. These indexes aim to avoid the negative roll yield in benchmark commodity indexes with lower volatility and optimised performance
US Wrap: Deutsche offers emerging markets funds play
Deutsche Bank has launched an emerging markets note which links to two exchange-traded funds based on Brazil and China, amid a busy start to the week for the US market. The structure gives investors 100% equally weighted participation in the iShares FTSE…
US Wrap: RBC turns Japanese on long-term note
Royal Bank of Canada has launched a new principal protected note linked to three indexes, including the Nikkei 225 Japanese equity benchmark. The structure lasts six-and-a-half years and also links to the S&P 500 and Dow Jones Euro Stoxx, with equal…
Benelux flux
Cross-border Supervision
ABN Amro claims second victim in Fortis
Benelux bank Fortis today revealed a net loss of €14.1 billion for the first nine months of 2008, due mainly to its acquisition of parts of ABN Amro.
UK announces second bank rescue package
Daily news headlines
Agriculture in a basket
ABN Amro has provided a sharia-compliant two-year capital-protected income product linked to a basket of international agricultural stocks. There is an 8% cap on individual stock growth
Credit crisis costs RBS $5.6 billion
Royal Bank of Scotland (RBS) has suffered $5.6 billion (£2.9 billion) in writedowns, due to exposures to US subprime debt exposures and losses in its leveraged finance portfolio.
Agencies rethink market risk rating methods
The three largest global rating agencies are reconsidering their approach to rating structures exposed to fluctuations in market value, with potentially unpalatable results for holders and arrangers of various structured credit products.
RBS and ABN Amro expect subprime-related writedowns
The Royal Bank of Scotland (RBS) has predicted it will suffer writedowns of £950 million from exposures to US subprime mortgage markets over the second half of this year.
ABN Amro chairman Groenink to quit bank
Rijkman Groenink, chairman of the managing board of ABN Amro, has announced he will step down, after 33 years of employment at the bank.
ABN's Brushfield completes first CDO
The principal finance arm of ABN Amro, Brushfield Capital, has completed its first collateralised debt obligation (CDO).
Brazil looks to controls
New legislation in Brazil on banking systems and controls has triggered a flood of sales from large accountancy firms and specialist service providers. John Rumsey looks at the new rules and how Brazilian banks are responding
Cross-border confusion
Europe's internationally active banks have until the end of this year to be fully compliant with the new Basel capital Accord, but a lack of clarity on cross-border implementation continues to cause major problems
BNP Paribas adds two in FX sales to hedge funds
BNP Paribas has hired Peter Snasdell and Peregrine Hood to its London-based hedge fund sales desk for foreign exchange.
ABN Amro launches emerging-market-linked products in Singapore
Dutch bank ABN Amro has launched zero-strike participation certificates to allow investors in Singapore to invest in emerging markets and focused themes.
ABN Amro lists index products in Singapore, poaches from Calyon
ABN Amro will list a new range of equity-linked products on the Singapore Exchange on June 1, says Miles Ashton, head of sales for private investors products, Asia at ABN Amro.
ABN and Grosvenor in first Australian property swap
Grosvenor Group, an international property company, and Dutch bank ABN Amro, announced on May 21 that they have agreed the first Australian property derivatives transaction.
LiquidityHub expecting launch in Q3
London-based electronic trading consortium LiquidityHub plans to start distributing the liquidity of 15 banks in interest rate swaps by the third quarter of this year.
Trading platforms strike deal with LiquidityHub
LiquidityHub, the London-based electronic trading consortium, has signed agreements to distribute its liquidity in the interest rate swap and US Treasury bond markets across the Reuters and Bloomberg trading platforms.
ABN Amro makes loan appointments
Dutch bank ABN Amro has appointed three new staff to its loan syndicate, sales and trading team.