The private banking arm of Dutch lender ABN Amro has reported a net profit of €104m for the second quarter of 2018, a slump of 56% compared to €234m in the same period last year, ABN AMRO Q2 results show. The unit’s operating profit before tax for the quarter ended 30 June 2018 was €139m,…
HSBC has shifted ownership of its Polish and Irish subsidiaries from its London-based entity to its French unit, and will do so for seven more European branches, as it prepares for Britain’s exit from the European Union. HSBC France will also acquire the activities of seven European branches in Belgium, the Czech Republic, Ireland, Italy,…
FRANKFURT — Europe has taken a small step in its long march toward economic normalcy. The European Central Bank said on Thursday that it had pondered how to wind down its easy money policies, an enormous stimulus program aimed at promoting growth and inflation in the eurozone. But the bank also postponed a decision on…
