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World's 10 biggest banks
March 27, 2008
ABN AMRO Holding NV, Amsterdam, the Netherlands, evolved from the amalgamation of AMRO and ABN. As on January 31, the bank's assets stood at $1,301.508 billion.
The bank created history when the Royal Bank of Scotland Group, Fortis and Banco Santander announced on October 8, 2007, that an offer for 86 per cent of outstanding ABN AMRO stock had been accepted. This made way for the largest ever bank takeover in history. On November 1 2007, an extraordinary shareholder meeting changed the bank's management.
Mark Fisher from RBS took over as the bank's CEO. Since then, Fortis has been using the ABN AMRO brand name for retail banking in the Netherlands.
Image: File picture showing an ABN Amro building.| Photograph: Chris Young/AFP/Getty Images
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