ABN Amro getting ready to request a US banking licence: media
ABN Amro is making preparations to ask for a banking licence in the US, the Financieele Dagblad said on Tuesday.
The paper bases its claims on sources close to the bank who have confirmed the plans following a report in the Financial Times.
ABN Amro, which is still 56% in the hands of the Dutch state, has several offices in the US, including a branch with 500 workers in New York. The New York office focuses on clearing and on financing in the energy and commodities markets, as well as advising Dutch firms.
‘The bank is growing in the US and it would be handy to have its own banking licence,’ one source told the FD. ‘A licence would make it easier to finance in dollars but there are no plans to actively enter the US retail market.’
Before it can apply, ABN Amro has to go through a number of procedures via the European and Dutch central banks.
The bank has so far declined to comment on the reports.
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