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
Stats
Employer Type: Private
Stock Symbol: Euronext
Stock Exchange: NYSE
Chairman: Arthur C. Martinez
2007 Employees (All Locations): 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
Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. To determine if your school is a partner, please enter your school email address below.
Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. To determine if your school is a partner, please enter your school email address below.
