ABN Amro to cut 2,850 jobs in bid to beef up profit

Article Abstract:

While investment banks in the United States are benefiting from a series of lucrative merger and acquisition deals, European banks such as ABN AMRO Holding N.V., Deutsche Bank AG, and the Credit Suisse Group, are aiming to boost lagging profitability through job cuts and financial restructuring. Though the European banks are eventually expected to benefit from the current surge in merger and acquisition activity, securities analysts have been pleased to see the management decisions currently being undertaken.

Commercial Banks, Germany, Financial management, Personnel administration, Industry Overview, Human resource management, International aspects, Company personnel management, Company financing, Aims and objectives, Deutsche Bank AG (Frankfurt, Germany), DB, ABN

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ABN Amro's profit before items rose 2.1% in 2002

Article Abstract:

ABN Amro Holding N.V. posted an increase of 2.1% in its profits before items for the 2002 year. The company posted 2.41 billion euros in profits before items for the year.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit

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Numico holds talks on selling GNC unit

Article Abstract:

Numico N.V. is engaged in talks to sell its GNC vitamins store chain. The company is holding informal discussions with several interested parties.

Parent-to-subsidiary activities, Subsidiary-to-parent activities, Planning, Dietary supplements industry, Specialty stores, Company business planning, Subsidiaries, divisions and units, Numico N.V., General Nutrition Centers Inc.

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