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Article: Dutch central bank attempts to prevent ABN Amro split: report
- Article from:
- Xinhua News Agency
- Article date:
- December 13, 2007
CopyrightCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Dutch central bank attempts to prevent ABN Amro split: report
BRUSSELS, Dec. 13 (Xinhua) -- The head of the Dutch central bank
tried to win political support to block the splitting of the
Netherlands' largest bank ABN Amro, Dutch newspaper Het Financieele
Dagblad reported Thursday.
Quoting unnamed sources, the newspaper said Nout Wellink,
president of De Nederlandsche Bank, was fiercely opposed to the
takeover mounted by a consortium led by the Royal Bank of
Scotland(RBS), which eventually beat off ABN Amro's preferred
partner Barclays of Great Britain.
The consortium, which comprises RBS, Belgian-Dutch bank Fortis
and Banco Santander from Spain, made it clear from the start that it
planned ...