ABN Amro clocks $200 million loss after virus turmoil slams client
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AMSTERDAM (Reuters) - Dutch bank ABN Amro said on Thursday its clearing bank had incurred a net loss of around $200 million (168.68 million pounds) in the first quarter, after it was forced to liquidate a client's positions amid volatility caused by the global coronavirus outbreak.ABN Amro said the pretax loss was around $250 million and came from a single client who traded in U.S. options and futures. The unnamed client had failed to meet minimum risk and margin requirements due to the market..