Netherlands delays ABN Amro sale
Print Edition
DUTCH Finance Minister Jeroen Dijsselbloem said yesterday he was delaying a decision to sell state-owned bank ABN Amro following much-criticized reports about huge pay raises for the bank’s top management.
“As you are aware, Cabinet aimed to decide on ABN Amro’s sale in the first quarter of 2015,” Dijsselbloem, who is also the Eurogroup chairman, said in a letter to the Dutch parliament.
“This week I received a report from the (parliament’s) Finance Committee on questions over pay hikes at ABN Amro. In light of this, I am postponing the decision on its sale,” Dijsselbloem said in the letter, published on the parliament’s website.
The government last week slammed huge pay raises for senior bankers to offset a 2012 law curbing bonuses, with Dijsselbloem calling it “the wrong signal” while ordinary citizens are still hit by austerity.
“For me and many others it sticks in the throat,” he said after reports that the country’s largest banks including ABN Amro and ING have given top managers huge pay hikes.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
