Some 12,800 jobs are to be axed and another 10,800 will be relocated to low wage countries following the merger of ABN Amro and Barclays.
A deal on a merger between the two banks was announced on Monday morning.
Barclays has offered €67bn for Holland’s biggest bank. This is equivalent to €36.25 per share, four cents below its closing price on the Amsterdam stock exchange on Friday, reports news agency ANP.
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