ABN Amro to slim down CIB

ABNAmro_Adobe_575x375_12August2020
By Jasper Cox
12 Aug 2020

ABN Amro plans to quit corporate banking outside Europe, except for clearing, and also exit trade and commodity finance in a shake-out of its corporate and investment banking activities.

“We have concluded that to be successful, CIB’s activities need more focus and scale,” said Robert Swaak, chief executive of ABN Amro Bank, in the firm’s report on Wednesday. “Furthermore, CIB will need to reduce risk to adhere to a moderate risk profile.”

That focus will be on clients in northwest ...

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