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| This article documents a current event. Information may change rapidly as the event progresses. | ABN AMRO (Euronext: AAB, NYSE: ABN) is one of the largest banks in Europe and has operations all over the world, its history going back to 1824. It is the result of the merger in 1991 of Algemene Bank Nederland (ABN) and the Amsterdamsche-Rotterdamsche Bank (AMRO). Image File history File links Current_event_marker. ...
Image File history File links Abnamro_logo. ...
A public company usually refers to a company which is permitted to offer its securites (i. ...
Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ...
New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ...
1991 (MCMXCI) was a common year starting on Tuesday of the Gregorian calendar. ...
Nickname: Motto: Heldhaftig, Vastberaden, Barmhartig (Valiant, Determined, Compassionate) Location of Amsterdam Coordinates: Country Netherlands Province North Holland Government - Mayor Simon McAndrew (PvdA) - Aldermen Lodewijk Asscher Hennah Buyne Carolien Gehrels Tjeerd Herrema Maarten van Poelgeest Marijke Vos - Secretary Erik Gerritsen Area [1][2] - City 219 km² (84. ...
Financial services is a term used to refer to the services provided by the finance industry. ...
Asset management is the method that a company uses to track fixed assets, for example factory equipment, desks and chairs, computers, even buildings. ...
A commercial bank is a type of financial intermediary and a type of bank. ...
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Private banking is done by major institutional banks known as private banks, which offer financial services to private individuals. ...
Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ...
For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ...
A website (or Web site) is a collection of web pages, images, videos and other digital assets and hosted on a particular domain or subdomain on the World Wide Web. ...
Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ...
The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ...
BRD-SG in IaÅi - A small branch dedicated to retail services For other uses, see Bank (disambiguation). ...
This article is 150 kilobytes or more in size. ...
1824 was a leap year starting on Thursday (see link for calendar). ...
In 1964, Nederlandsche Handel-Maatschappij merged with De Twentsche Bank to form Algemene Bank Nederland (ABN). ...
ABN may stand for: Australian Business Number, a unique identifier issued to business entities by the Australian Taxation Office. ...
ABN AMRO Holding N.V. is the name of the holding company, which is listed on Euronext Amsterdam as part of the AEX index and the New York Stock Exchange, among other exchanges. Its main subsidiary is ABN AMRO Bank N.V. Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ...
The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. ...
The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ...
On April 23, 2007, Barclays annouced an agreement to buy ABN AMRO in an all-share €67 billion deal,[1] according to Barclays' John Varley "the largest merger ever in the global financial services and the biggest cross-border transaction". In the Barclays offer, ABN AMRO would also sell its US division, Chicago-based LaSalle Bank, to Bank of America in a US$21 billion deal, giving the largest bank of the US a heightened presence in the Upper Midwest of that country. However three other banks, Royal Bank of Scotland, Fortis and Banco Santander, acting as a consortium had put forth a competing offer of US$98 billion for the bank.[2] April 23 is the 113th day of the year in the Gregorian calendar (114th in leap years). ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
Barclays Bank is the fourth largest bank in the United Kingdom. ...
The Varley surname arrived from the french de Verley during the conquest of England in 1066. ...
Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic - President George Walker Bush (R) - Vice President Dick Cheney (R) Independence from...
Nickname: Motto: Urbs In Horto (Latin: City in a Garden), I Will Location in Chicagoland and Illinois Coordinates: Country United States State Illinois County Cook & DuPage Incorporated March 4, 1837 Government - Mayor Richard M. Daley (D) Area - City 234. ...
LaSalle Bank is a US banking group that is a part of LaSalle Bank Corporation. ...
See also Banc of America Securities, Banc of America Investment Services, Inc. ...
Regional definitions vary from source to source. ...
The Royal Bank of Scotland Group plc (LSE: RBS) is the successor to The Royal Bank of Scotland (Scottish Gaelic: [1]), founded in 1727 by Royal Charter of King George I.[2] Based in Edinburgh, it is a banking and insurance holding company. ...
Fortis may refer to Fortis (phonetics), a linguistic term Fortis (finance), a financial services company, based in Belgium and the Netherlands Fortis Inc. ...
Banco Santander Central Hispano is the largest bank in Spain and now has large scale operations in both the continents of Europe and South America. ...
Build up to Acquisition
ABN AMRO had come to a crossroads in the beginning of 2007. The bank had still not come close to their own target of being in the top 5 of their peer group measured on ROE, a target that was set in 2000 by the then just appointed CEO Rijkman Groenink. From 2000 till 2006, the ABN AMRO stock price had remained more or less stagnant. 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
Salmon roe at the Shiogama seafood market in Japan Look up Roe in Wiktionary, the free dictionary. ...
2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ...
For the Manfred Mann album, see 2006 (album). ...
The financial results for the FY 06 added to concerns about the bank's future. Operating expenses increased at a greater rate than operating revenue reflecting greater operating results difficulties. The efficiency ratio deteriorated further to 69.9%. Non performing loans increased considerably year on year by 192%. Net profits were only boosted by sustained asset sales. The day-to-day expenses incurred in running a business, such as sales and administration, as opposed to production. ...
Net profit is an accounting term which is commonly used in business. ...
In business and accounting an asset is anything owned which can produce future economic benefit, whether in possession or by right to take possession, by a person or a group acting together, e. ...
There had been some calls over the last couple of years for ABN AMRO to merge or to be acquired. On February 21, 2007, these calls became very concrete, when the TCI hedge fund asked the Chairman of the Supervisory Board to actively investigate a merger, acquisition or break up of ABN AMRO, stating that the current stock price didn't reflect the true value of the underlying assets. TCI asked the chairman to put their request on the agenda of the annual shareholders meeting of April 2007. February 21 is the 52nd day of the year in the Gregorian calendar. ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
The Childrens Investment Fund (TCI) is a London-based hedge fund. ...
A hedge fund is a private investment fund charging a performance fee and typically open to only a limited number of investors. ...
A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ...
The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ...
In psychology, there are several models that attempt to explain and account for the trajectory of the breakup of a relationship. ...
See stock (disambiguation) for other meanings of the term stock In financial terminology, stock is the capital raised by a corporation, through the issuance and sale of shares. ...
In general, the economic value of something is how much a product or service is worth to someone relative to other things (often measured in money). ...
Look up Agenda in Wiktionary, the free dictionary. ...
A shareholder or stockholder is an individual or company (including a corporation) that legally owns one or more shares of stock in a joint stock company. ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
Events accelerated when on March 20, 2007, Barclays and ABN AMRO both confirmed they were in exclusive talks about a possible merger. On March 28, 2007, ABN AMRO published the agenda for the shareholding meeting of 2007. It included all items requested by TCI, but with the recommendation not to follow the request for a break up of the company.[3] March 20 is the 79th day of the year in the Gregorian Calendar (80th in leap years). ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
Barclays Bank is the fourth largest bank in the United Kingdom. ...
March 28 is the 87th day of the year in the Gregorian calendar (88th in leap years). ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
However, on April 13, 2007, Royal Bank of Scotland contacted ABN AMRO to propose a deal in which a consortium of banks including RBS, Fortis and Banco Santander Central Hispano will jointly bid for ABN AMRO and thereafter, break up the different divisions of the company. According to the proposed deal, RBS would takeover ABN's Chicago operations, LaSalle, and possibly ABN's wholesale operations while Banco Santander would take the Brazilian operations and Fortis, the Dutch operations. April 13 is the 103rd day of the year in the Gregorian calendar (104th in leap years). ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
The Royal Bank of Scotland Group plc (LSE: RBS) is the successor to The Royal Bank of Scotland (Scottish Gaelic: [1]), founded in 1727 by Royal Charter of King George I.[2] Based in Edinburgh, it is a banking and insurance holding company. ...
Fortis may refer to Fortis (phonetics), a linguistic term Fortis (finance), a financial services company, based in Belgium and the Netherlands Fortis Inc. ...
Banco Santander Central Hispano is the largest bank in Spain and is part of the Santander Group which has large scale operations in the continents of Europe and South America. ...
LaSalle Bank is a US banking group that is a part of LaSalle Bank Corporation. ...
On April 23, 2007, ABN AMRO and Barclays announced their proposed merger. The deal was valued at €67 billion. Part of the deal was the sell of the LaSalle Bank to Bank of America for €21 billion.[4] April 23 is the 113th day of the year in the Gregorian calendar (114th in leap years). ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
See also Banc of America Securities, Banc of America Investment Services, Inc. ...
On April 25, 2007 the RBS led consortium brought out their indicative offer worth €72 Billion, if ABN AMRO would abandoned its sale of LaSalle Bank to Bank of America. During the Shareholders meeting the next day a majority of about 68% of the shareholders voted in favour of the break up as requested by TCI.[5] April 25 is the 115th day of the year in the Gregorian calendar (116th in leap years). ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
The sale of LaSalle sale was seen by many as a way of blocking the RBS bid which hinges on LaSalle and acces to the Americas markets. On April 31, 2007 the Dutch investor group VEB, with the support of shareholders representing up to 20 percent of ABN's shares, took its case to the Dutch commercial court in Amsterdam, asking for an injunction against the LaSalle sale. The court ruled on May 3, 2007, that the sale of LaSalle could not be viewed apart from the current merger talks of Barclays with ABN AMRO, and that the ABN AMRO shareholders should be able to approve other possible merger/acquisition candidates in an general shareholder meeting. It is not clear yet what this means for the contractual obligation (stemming from the LaSalle sale agreement) ABN AMRO has towards Bank of America.[6][7] Bank of America said later that day that it sees the agreement to purchase LaSalle from ABN AMRO as a binding contract, and that it will fight to protect its legal rights.[1]. It filed suit the next day against ABN AMRO in a New York court. [2] April is the fourth month of the year in the Gregorian Calendar and one of four with the length of 30 days. ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
See also Banc of America Securities, Banc of America Investment Services, Inc. ...
On May 4, 2007, ABN AMRO said it was working constructively with RBS over its possible bid and remained open to other bidders despite recommending a merger with Barclays. May 4 is the 124th day of the year in the Gregorian calendar (125th in leap years). ...
2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
Business units The business units of ABN AMRO are currently organised by regions: - The Netherlands
- Europe (excluding the Netherlands)
- North America
- Latin America
- Asia Pacific
Some of the specialty products and clients of ABN AMRO Bank have a global presence: - Private Clients
- Global Clients
- Global Markets
- Transaction Banking
- Consumer Banking
- Asset Management
Further, the support functions of ABN AMRO are divided into two global business units: ABN AMRO ranks eighth in Europe and 13th in the world based on total assets, with more than 4,500 branches in 53 countries, a staff of over 110,000 full-time equivalents and total assets of €999 billion (as of September 30, 2006). September 30 is the 273rd day of the year (274th in leap years) in the Gregorian calendar. ...
For the Manfred Mann album, see 2006 (album). ...
The bank has developed a strategy of having three home markets: The Netherlands, the United States, and Brazil. The U.S. commercial banking operations of ABN AMRO consist of LaSalle Bank in Chicago, Illinois and LaSalle Bank Midwest in Detroit, Michigan which operate under the name LaSalle Bank Corporation. LaSalle Bank Midwest is the former Standard Federal Bank, which changed its name on September 12, 2005. ABN AMRO also used to operate ABN AMRO Mortgage Group, one of the leading mortgage servicing companies in the US, but in January 2007 it sold this business to Citigroup.[8] In Brazil, ABN AMRO's subsidiary is Banco Real. Banco Real recently completed an acquisition of Sudameris, a peer bank in the Brazilian market. LaSalle Bank is a US banking group that is a part of LaSalle Bank Corporation. ...
Flag Seal Nickname: The Windy City Motto: Urbs In Horto (Latin: City in a Garden), I Will Location Location in Chicagoland and northern Illinois Coordinates , Government Country State Counties United States Illinois Cook, DuPage Mayor Richard M. Daley (D) Geographical characteristics Area City 606. ...
LaSalle Bank Midwest N.A. is a bank serving Michigan and Indiana with 264 branches and 1,000 ATMs. ...
Nickname: Motto: Speramus Meliora; Resurget Cineribus (Latin for, We Hope For Better Things; It Shall Rise From the Ashes) Location in Wayne County, Michigan Coordinates: Country United States State Michigan County Wayne County Settled 1701 Incorporation 1806 Government - Type Strong Mayor-Council - Mayor Kwame Kilpatrick Area - City 143. ...
September 12 is the 255th day of the year (256th in leap years). ...
2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...
Citigroup Inc. ...
The terms Royal Bank, Banque Royale, Banco Real can connote several different things, RBS, the Royal Bank of Scotland RBC, the Royal Bank of Canada Royal Bank Plaza, headquarters of RBC in Toronto, Ontario, Canada. ...
The terms Royal Bank, Banque Royale, Banco Real can connote several different things, RBS, the Royal Bank of Scotland RBC, the Royal Bank of Canada Royal Bank Plaza, headquarters of RBC in Toronto, Ontario, Canada. ...
In 2005 ABN AMRO acquired Banca Antonveneta of Italy, this effectively gave it a fourth home market. Antonveneta had been a cooperation partner for some years and has a similar client base to ABN AMRO. 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...
Antonveneta is the 9th largest banking group in Italy in terms of customer loans and the 8th largest in terms of total assets, with 1,000 branches, 10,800 employees and â¬50bn in assets. ...
In March 2007 ABN AMRO announced that it was bidding US$227mn for a 93.4% stake in Pakistan's Prime Bank, and would tender for the remainder. Prime Bank is Pakistan's 19th largest bank and has 52 billion rupees worth of assets and 41 billion rupees in deposits. It has a network of 69 branches in 25 Pakistani cities. The acquisition, when combined with ABN AMRO's existing operations, would make ABN AMRO the second largest foreign bank in Pakistan (after Standard Chartered, and put it among the 10 largest banks in the country. 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the Anno Domini era. ...
Standard Chartered Bank is a British bank headquartered in London with operations in many countries , especially in Asia and Africa. ...
Offices Headoffice ABN AMRO in Amsterdam Image File history File linksMetadata Size of this preview: 450 Ã 600 pixel Image in higher resolution (1932 Ã 2576 pixel, file size: 1. ...
Nickname: Motto: Heldhaftig, Vastberaden, Barmhartig (Valiant, Determined, Compassionate) Location of Amsterdam Coordinates: Country Netherlands Province North Holland Government - Mayor Simon McAndrew (PvdA) - Aldermen Lodewijk Asscher Hennah Buyne Carolien Gehrels Tjeerd Herrema Maarten van Poelgeest Marijke Vos - Secretary Erik Gerritsen Area [1][2] - City 219 km² (84. ...
| Headoffice ABN AMRO Insurance in Zwolle Image File history File linksMetadata Size of this preview: 471 Ã 599 pixel Image in higher resolution (1421 Ã 1808 pixel, file size: 572 KB, MIME type: image/jpeg) Own photo of IJsseltoren in Zwolle, Netherlands. ...
Country: Netherlands Province: Overijssel Coordinates: 52°30ⲠN 6°5ⲠE Area - Land - Water 119. ...
| Renzo Piano designed the Australian offices in Sydney Image File history File links Aurora_place. ...
The Padre Pio Pilgrimage Church in San Giovanni Rotondo. ...
The Sydney Opera House on Sydney Harbour Sydney (pronounced ) is the most populous city in Australia, with a metropolitan area population of over 4,200,000 people, and 151,920, in the city limits. ...
| Trivia - ABN AMRO sponsors Ajax Amsterdam football club. The sponsor logo is the only one in the world to be printed vertically down the right hand side of the front of the shirt.
- In 2005, ABN AMRO entered into a major IT outsourcing contract involving five vendors. This was notable for two reasons: It involved several vendors competing with each other, deviating from the usual exclusivity arrangements prevalent in most outsourcing contracts. Also, it was the largest contract that Indian firms Tata Consultancy Services and Infosys had signed with any Western company at the time.
- ABN AMRO sponsors a number of racing sailboats including two entries in the Volvo Ocean Race. On May 18, 2006 one of the crew Hans Horrevoets, 32, died after being swept overboard in high seas. Although the boat turned around and picked him up he never regained consciousness, and died.
- The ABN AMRO-sponsored "ABN AMRO ONE" won the Volvo Ocean Race 2006
- ABN AMRO is the founding partner of NEWS, the platform for Dutch students abroad.
Amsterdamsche Football Club Ajax (Euronext: AJAX) also referred to as Ajax Amsterdam, AFC Ajax, or simply Ajax (pronounced /ËÊɪjaks/), is a professional football club from Amsterdam, Netherlands. ...
Information technology (IT), as defined by the Information Technology Association of America (ITAA)is: the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware. ...
Outsourcing entered the business world in the 1980s and often refers to the delegation of non-core operations from internal production to an external entity specializing in the management of that operation. ...
Tata Consultancy Services Limited (TCS Limited) is an Indian information technology, consulting, services and business-process outsourcing organization which commenced operations in 1968. ...
Infosys Technologies Limited (NASDAQ: INFY) is an information technology (IT) company founded in Pune, India in 1981 by N. R. Narayana Murthy. ...
May 18 is the 138th day of the year in the Gregorian calendar (139th in leap years). ...
For the Manfred Mann album, see 2006 (album). ...
Hans Horrevoets (26 April 1974 â 18 May 2006) was a Dutch sea sailor. ...
For the Manfred Mann album, see 2006 (album). ...
The NEWS executive board Netherlands Worldwide Students (Dutch: Nederlandse Wereldwijde Studenten), NEWS for short, is a Dutch student organisation based in The Hague. ...
See also Image File history File links Commons-logo. ...
Wikimedia Commons logo by Reid Beels The Wikimedia Commons (also called Commons or Wikicommons) is a repository of free content images, sound and other multimedia files. ...
Primary dealers are banks or brokerage firms who may trade directly with the Federal Reserve System. ...
Antonveneta logo Antonveneta bank in Genoa - Italy Antonveneta is the 9th largest banking group in Italy in terms of customer loans and the 8th largest in terms of total assets, with 1,000 branches, 10,800 employees and â¬50bn in assets. ...
The European Financial Services Roundtable (EFSR) is a European organization, located in Brussels, Belgium, of financial service companies to provide a voice on policies of the European Union related to financial matters. ...
Competitors The Bear Stearns Companies, Inc. ...
Banc of America Securities LLC (BAS) is the investment banking subsidiary of Bank of America. ...
Citigroup Inc. ...
The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. ...
Deutsche Bank AG NYSE: DB (German for German Bank) is a multinational bank operating worldwide and employing more than 67,500 people (December, 2005). ...
Goldman Sachs offices at the Fraumünsterplatz in Zürich (the light-colored building on the left) The Goldman Sachs Group, Inc. ...
J.P. Morgan Chase & Co. ...
Lehman Brothers Holdings Inc. ...
Merrill Lynch & Co. ...
Morgan Stanley (NYSE: MS) is an investment bank, retail broker, and credit card provider headquartered in New York City. ...
UBS AG (NYSE: UBS; SWX:UBSN; TYO: 8657 ) is a financial services company, headquartered in Basel and Zürich, Switzerland. ...
References External links - ABN AMRO website
- ABN AMRO stock quote & chart
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