Amid probe, ABN Amro cuts off nearly 100 banks

Article Abstract:

The U.S. unit of Dutch banking giant ABN AMRO Holding N.V. has severed ties with approximately 100 banks in Russia, Eastern Europe, and the Caribbean. The New York-based bank's decision comes amid allegations from bank regulators that it has been involved in international transactions related to money laundering, fraud, and tax evasion.

Commercial Banks, Legal issues & crime, Foreign operations, Government regulation, Eastern Europe, Management dynamics, Caribbean Region, Alliances, partnerships, Russia, Legal/Government Regulation, Intnl Banking Services, International Trade Financing, Banking industry, Management, Company legal issue, Laws, regulations and rules, Investigations, United States. Department of Justice, Company business management, ABN AMRO Holding N.V., Alliances and partnerships, International banking, Caribbean Islands, International banking facilities, ABN

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U.S. Opposition Mounts Over ASM-Silicon Deal

Article Abstract:

The proposed acquisition of San Jose, Calif.-based Silicon Valley Group Inc. by Eindhoven, Netherland-based ASM Lithography Holding NV is being met with regulatory opposition in the U.S. The $1.6 billion deal has come under scrutiny by the U.S. House Commerce Committee.

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ASM plans to delay SVG acquisition for security probe

Article Abstract:

ASM Lithography Holding NV announced that it would postpone its planned acquisition of Silicon Valley Group Inc. ASM will delay the deal so that the US government can study the deal's national security implications.

Public affairs, Observations, National security

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