ABN Amro Cuts 50 IT Jobs in US Equities
EXCHANGE TECHNOLOGIES
NEW YORK--ABN Amro’s scuttling of its loss-making US equities and mergers and acquisitions businesses will result in the loss of 50 jobs in IT, an ABN Amro spokesperson says. The closure of the units, announced last week, will result in 550 job losses overall and a $179 million after-tax restructuring charge.
The operations to be closed fall under ABN Amro’s wholesale banking division, which includes corporate and investment banking services, and does not affect ABN Amro North America, the
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