Amsterdam - ABN Amro personnel have demanded that the bank continue as an independent entity, Joop Hofland of the De Unie worker's union said on Dutch television on Tuesday.
"The call among ABN Amro employees to continue as an independent bank is very strong," Hofland said.
The Netherlands' two biggest workers unions, FNV Bondgenoten and CNV, recommended a delay of the sale of ABN Amro on Tuesday until the markets regain some stability.
De Unie's Hofland in contrast called for a quick solution for ABN Amro, the Dutch consumer banking division of troubled Belgian-Dutch financial giant Fortis.
fear of its large exposure in the US market. However, the largest private bank of India, said that its UK subsidiary has almost zero exposure in the U.S. sub-prime credit. .The Sensex declined by 10% in last week and shares of ICICI also declined by about 2 percent in the same period.
the Cash Reserve Ratio. (CRR). Concerned about the liquidity shortage, the bankers pleaded to monitor the situation and take significant steps to counter the same. The meeting took place on Monday when the bankers met the RBI officials before the onset of mid-term review of monetary policy scheduled for next month.
(SBI) stock as there are full chances of a downward trend in this stock.
New York - US banking giant Citigroup Inc will buy the bulk of the operations of fourth-largest bank Wachovia Corp for about 2.16 billion dollars, the latest consolidation move under government watch in the ongoing credit crisis.
