ABN AMRO

ABN AMRO News

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  Gold Eclipsed by Dollar Haven as Goldman Sees Rally

  Updated 29 minutes ago

  Investors are reducing gold holdings for a third month, the longest stretch since 2004, and favoring the dollar as a haven from Europe’s debt crisis, even as Goldman Sachs Group Inc. predicts record prices for the metal.

• ASMI’s Founder Del Prado Is Open to Company’s Breakup

  ASM International NV’s founder and largest shareholder, Arthur del Prado, may be open to splitting the company in two, making a scenario opposed by the company for years more probable, analysts said.

• ABN Amro, Feeder Funds Win Review of Madoff Trustee Suits

  ABN Amro Bank NV and investment funds sued by the liquidator of Bernard Madoff’s brokerage succeeded in moving their cases to a district judge who may cut the amount of money the Madoff trustee can try to reclaim.

• MBIA Restructuring Approval Involved ‘Error,’ Lawyer Says

  New York state regulators’ approval of MBIA Inc.’s restructuring in 2009 was based on inaccurate and incomplete information, said a lawyer for banks seeking to overturn the decision.

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  Euro-Area Economy Avoids Second Recession on German GDP

  Germany helped the euro area avoid its second recession in three years as growth in the region’s largest economy offset contractions in peripheral countries.

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  German Economy Grew More Than Forecast in First Quarter

  The German economy grew more than economists forecast in the first quarter as exports to emerging markets offset waning euro-area demand.

• BofA, SocGen Head to Trial Over MBIA’s 2009 Restructuring

  Bank of America Corp. and Societe Generale SA went to court today seeking to overturn New York’s approval of MBIA Inc.’s restructuring in 2009, alleging the bond insurer misled the regulator.

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  Barclays Libor Decline Conflicts With Swaps: Corporate Finance

  Barclays Plc, Britain’s second- biggest bank by assets, says the interest rate it pays for short-term dollar loans is the lowest ever relative to rivals even as other measures of its credit deteriorate.

• Asian Currencies Decline This Week on Greece, Export Slowdown

  Asian currencies had their worst back-to-back weekly loss this year after a political impasse in Greece roiled global markets and official reports showed exports from China, Malaysia and the Philippines slowed.

• Germans Increase Their Foreign Bank Deposits by 47%, FTD Says

  German savers increased the amount they have deposited in foreign-based banks by almost half in the past year, Financial Times Deutschland reported in a preview of an article to be published tomorrow, citing its own calculations.

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ABN AMRO Videos

Audio

• ABN Amro’s Kounis Says Euro Will Weaken to $1.25

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