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ABN posts higher net, shifts strategy for Italian bank stake

Article Abstract:

ABN AMRO Holding N.V. of the Netherlands posted an 11 percent surge in net profit for the second-quarter, but is forecasting slower growth for the rest of the year. After the failed bid for Banca Antonveneta S.p.A., Chief Executive Officer Rijkman Groenink has indicated that the Netherlands bank will continue to persue European Union cross-border acquisitions.

Netherlands, Sales, profits & dividends, Public affairs, Company sales and earnings, Company earnings/profit, Public relations, Company Profile, ABN AMRO Holding N.V., Company public relations, ABN, Groenink, Rijkman

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Debt puts German banks in a bind: financial rescue given state-owned Sachsen LB reflects conduit problem

Article Abstract:

Germany's Sachsen LB, a state-owned bank, became the nation's second bank to need assistance in the wake of problems in the credit market. A consortium of banks has provided Sachsen with a bail-out. The difficulties involve conduits, or affiliates that hold loans off of banks' balance sheets, due to the asset-backed commercial paper market.

Germany, Financial management, Economic aspects, Finance, Influence, Asset-backed securities, Asset backed securities, Company financing

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