Dow Jones and American Banker
LONDON The Dutch banking giant ABN Amro is reviewing its global equities operations and may cut jobs or close some offices, a London source at the Dutch bank said Monday.
The cuts are expected to affect Latin America and the banks equity desks in Europe, the Middle East, and Africa.
The bank has said it will divest a number of companies and exit some countries, redeploying resources in core businesses. In the United States, ABN Amro is selling European American Bank as its expands its commercial banking in the Midwest and builds investment banking business.