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ABN Amro takes $200 million hit on U.S. client felled by market turmoil

ABN AMRO logo is seen at the headquarters in Amsterdam
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AMSTERDAM (Reuters) - ABN Amro's clearing business has suffered a net loss of around $200 million (168 million pounds) after an unidentified U.S. client got into difficulties during the market turmoil sparked by the coronavirus pandemic, the Dutch bank said on Thursday.Shares in the bank fell around 5% after it said it was forced to liquidate the U.S. client's position, after the customer - which..
Date Published: Mar 26, 2020
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