
15th January 2009, 01:59 PM
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Senior Member
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Join Date: Nov 2007
Posts: 1,695
Rep Power: 36
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Curse of ABN AMRO
It is interesting to note that I have termed " Curse of ABN AMRO" for impact to those Banks which someway or other bought ABN AMRO.
FORTIS Bank - Already nationalized and market shrugged it and almost become bankrupt
RBS BANK - Already nationalized and market shrugged it and almost become bankrupt
BANK Of Santander - Reported 2 billion loss in MADOFF scandal
Deutshe bank - They bought some branches in Netherlands from ABN AMRO, they as of today have reported a loss of 6 Billion which is 6 times of profit reported last year.
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