ABN AMRO

  • Overview

The deal of a lifetime?

In January 2007, ABN AMRO sold its ABN AMRO Mortgage Group (a subsidiary of subsidiary LaSalle Bank) to Citigroup. Under the terms of the deal, Citigroup purchased approximately $9 billion in mortgage assets. ABN AMRO reported that it expected "a small book gain" after transaction costs; it also said that the bank's current strategy of focusing on midmarket commercial and consumer clients did not include national mortgage servicing portfolios.



ABN AMRO


Gustav Mahlerlaan 10
1082 PP Amsterdam
Phone: +31-20-628-9393
Fax: +31-20-629-9111
www.abnamro.com

STATS


  • Employer Type: Private
  • Stock Symbol: Euronext
  • Stock Exchange: NYSE
  • Chairman: Arthur C. Martinez
  • 2007 Employees: 110,000

Major Office Locations

  • Avon, CO
  • Alpharetta, GA
  • Arlington Heights, IL
  • Barrington, IL
  • Baltimore, MD
  • Allen Park, MI
  • Ann Arbor, MI
  • Alma, MI
  • Adrian, MI
  • Amityville, NY
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Key Financials

  • 2007 Revenue: $20,934 million

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