ABN AMRO headquarters in Amsterdam.
(Photo credit: Wikipedia)
By Maud van Gaal – The play’s success points to unhealed wounds in the national pride of the Dutch, for centuries among the leaders in global trade and finance. The record 71.9 billion-euro ($94 billion) takeover of ABN Amro by three banks on the cusp of the financial crisis led to the company’s breakup just as the credit crunch forced the Dutch government to nationalize parts of the institution and bail out firms such as ING Groep NV. (INGA) The tumult left the financial industry smaller in size and influence.
“Power, that was the game that was played,” said Arnoud Boot, a professor of corporate finance and financial markets at the University of Amsterdam. more> http://tinyurl.com/764qxpm
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