RBS sells back Dutch equities, M&A, ECM to ABN Amro

08 Mar 2012

The gulf between UK and Dutch government strategies for their nationalised banking sectors couldn’t have been highlighted in starker fashion this week, as ABN Amro bought parts of Royal Bank of Scotland’s investment bank in the Netherlands. Some of the bankers affected will be returning to their roots at the Dutch institution, which is reinventing itself as a merchant bank.

While RBS has been scaling back in investment banking — which some bankers think will entail a long term loss of potential value in the government’s stake — ABN has been rebuilding some of its former capabilities. Late last year, for instance, it announced plans to re-establish itself ...

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