ABN sees efficiency in US branch licence

By Jasper Cox
26 Mar 2019

ABN Amro is looking for a branch licence for its US business, GlobalCapital understands, which the Dutch bank believes would allow it to be more efficient from an operational point of view.

The application for a branch licence does not mean the bank is planning lots of new initiatives in the US, however. 

It plans to achieve organic growth in its existing lines of business, and is not looking to get into retail or private banking activities.

The bank is ...

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