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Vault Message Board: ABN AMRO

Topic Name: Sloppy Controls in US
Message Name: fines, fines and more fines
Date Posted: 01/04/2006
In Reply To: global heads in europe have for years been messing up the US record keeping so they could stick euro-losses on them and also make sure US employees had no record to claim bonuses. KR simply the latest goon sent over to continue the scam. no surprise at all the lost mortgage records and suspicious mideast transactions both had US connections. the way they purposely tie the hands of US managers is an abomination. dont expect this to be the end, just the beginning UNTIL THE CANCEROUS GLOBAL HEADS ARE ROOTED OUT.
Message: Looks like the years of mis-management is finally catching up with ABN... 80mm in money laudering fines 42mm in mortgage error fines 300 more compliance people cost a mint as well. sell the stock!

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