ABN AMRO Bank is a Dutch bank and it was re-established in 2009 after an upheaval that saw it acquired and broken up by a banking consortium led by Royal Bank of Scotland Group and then, to stop it from failing, was in part nationalized by the Dutch Government.
In 2007 the bank was acquired, in what was at that time the biggest bank takeover in history, by a consortium made up of the Royal Bank of Scotland Group, Fortis bank and Banco Santander, of which the first two got into serious trouble as a result of the takeover.
In 2010 ABN AMRO Group the owner of ABN AMRO Bank was created by merging the former sections of ABN AMRO Nederland, ABN AMRO Private Banking, together with Fortis Bank Nederland as well as formerly Fortis owned private bank MeesPierson and International Diamond and Jewelry Group. This started operating under the name ABN AMRO on 1 July 2010 at which time Fortis bank name officially ended. The Dutch government has said it would remain state owned at least until 2011 after which it would consider a public stock market listing for the new bank.
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ABN AMRO Bank is a Dutch bank and it was re-established in 2009 after an upheaval that saw it acquired and broken up by a banking consortium led by Royal Bank of Scotland Group and then, to stop it from failing, was in part nationalized by the Dutch Government.
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