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The Corporate and Institutional Banking (CIB) division is not hitting its marks financially and the Dutch bank will be scaling back.
Dutch banking giant ABN Amro will be cutting 250 full-time employees from the Corporate and Institutional Banking (CIB) division because the business unit is not hitting the net income targets set by the bank, which will also be retreating from some international efforts. “The CIB cost base will be reduced by €80 million [$91.2 million],...
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