Rabobank to sell Alex, says FD
Rabobank is to sell its internet-based stock broker Alex, the Financieele Dagblad claims on Friday. Sources have told the paper that Alex is no longer seen as a core activity and has limited growth potential within the bank.
Alex has some 100,000 clients who carry out around 2.5 million transactions a year. Rabobank bought Alex from Dexia in 2002.
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