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ABN Amro Overhauls Corporate Bank

FINANCE Thursday, 13 August 2020 12:56 Following a review by its new CEO, the bank will wind down all of its non-European corporate banking operations and stop providing trade and commodity finance. «We will serve clients in segments where we can achieve scale, so we will focus on the Netherlands and Northwest Europe, where we will invest...

SFC fines EFG Bank for dealing futures without license

LATEST NEWS By Kate Lin, 12 Jan 18 The Hong Kong operation of EFG Bank, a subsidiary of Swiss private bank EFG International, was fined HK$2m ($260,000) for dealing in futures contracts for 13 years without a required license. The Securities and Futures Commission (SFC) has found that EFG Bank executed non-compliance trading of offshore-listed index options for...