ABN Amro Not a nice niche

The first quarter was a good time for investment banking, judging by the results of the US brokers. But Dutch bank ABN Amro could not harness this. And that’s despite restructuring itself several times during the bear market. Is the long-anticipated demise of the second-tier brokerage finally upon us? It looks that way. All but one of ABN’s wholesale banking units posted falling revenues on both an annual and sequential basis in the period. It suffered largely because of its greater reliance, r...