All in english, or in any of the 15 languages that they speak. True price has recently assessed the mortgage provision and cocoa trade finance activities at abn amro. Searching for an immediate profit, the victors dismantled abn amro and hollands number one. Abn amro collapse gives rise to drama financial times. It follows abn amro at a board level during turbulent times of mergers, acquisitions and takeover bids which eventually led. It is based on the acclaimed novel by research journalist and professor jeroen smit. On 9 october 2007, the royal bank of scotland rbs celebrated its leading role in the biggest deal in banking history, a record 71 billion euros for dutch bank abn amro.
Searching for an immediate profit, the victors dismantled abn amro and hollands number one bank ceased to exist. This is especially useful if you often make transfers to the same account number, as you wont have to. The perfect prey, jeroen smit 9789044612936 boeken. Abn amro s underwriting standards are sound and are supported by a robust system of limits and controls. Developed by john sandford pseudonym of john roswell camp lucas davenport is the star of the prey series of plottwisting crime thrillers. Rbs, fortis a belgiandutch lender, and santander of. The group is paying about three times abn amro s book value, higher than the multiple of 2. It was reestablished in its current form in 2009, following the acquisition and breakup of the original abn amro by a banking consortium consisting of royal bank of scotland group, santander group and fortis. Lowrisk dutch mortgage loans comprise the majority of the banks loan book. With pierre bokma, anniek pheifer, victor low, paul kooij. The fall of abn amro, or and millions of other books are available for amazon kindle. Abn amro bank is the thirdlargest bank in the netherlands. A dutch book written by a local well respected financial journalist who has traced the evolution of abn amro bank since its birth through the.
The fall of abn amro, or what went wrong in the banking industry at. Whether youre off for some winter sports, travelling to distant lands or going on a road trip, a credit card is a musthave for your holiday. In the book rijkman groenink is described as a detached manager, more concerned with maximizing shareholder value and individual bonuses for the companys leaders than in serving the best interests of the banks customers. Our core values are at the heart of our corporate culture and guide everything we do. This causes the leading dutch bank, abn amro, to lose its independence and the dutch government and tax payers lose 22 billion euros. What went wrong in the banking industry paperback common by author jeroen smit on. Abn amro maintains some appetite for lending to certain cyclical industries such as.
But being in netherlands and specially being abn amro customer makes me specially interested in understanding how it happened. Your address book on internet banking and mobile banking if you want to be able to make transfers faster, save the recipients details in your address book. Starting his law enforcement career working alone in minnesotas office of special intelligence, davenport is any serial killers biggest nightmare. Discover book depositorys huge selection of abn amro books online.
Use features like bookmarks, note taking and highlighting while reading the perfect prey. The shift towards sustainability is one of the most important challenges of. The perfect prey jeroen smit considering so many other behemoths like lehman went down, the fall of abn amro becomes perhaps less exciting one to read about. The prey is the story of the blind ambition of a banker driven by a callous desire for wealth and recognition.
Abn amro places its clients interests centre stage and seeks to create value in the long term for all stakeholders clients, shareholders, employees and society as a whole. In this book mr smit takes us to a series of behind the scenes reconstruction from the period of 1987 to 2007. Download it once and read it on your kindle device, pc, phones or tablets. After the april 2014 tragic family murdersuicide by former ceo schmittmann was reported in the ny post, i did some research as an abn amro bank alum and former managing director. Consortium wins control of abn amro the new york times. Abn amro, a major client that the business had been working with for years, had suddenly put a major project on hold.
A dutch book written by a local well respected financial journalist who has traced the evolution of abn amro bank since its birth through the merger of 2 top banks in the netherlands abn and amro in 1990 to the takeover split of the bank by the hostile consortium of rbsfortissantander in 2007. Rbs, fortis a belgiandutch lender, and santander of spain paid a record 71 billion euros for dutch bank abn amro over 17 times its book value. Searching for an immediate profit, the victors dismantled abn amro. Three large foreign banks paid the record price of 71 billion euros and tore abn amro to pieces. The experts at our international client desks are more than happy to help you open a bank account, take out an insurance and more. This division had its own pool for the payment of bonuses.
On 9 october 2007, the royal bank of scotland rbs celebrated its leading role in the biggest deal in banking history. Outside the netherlands, abn amro has offices in countries. On october 9, 2007, the royal bank of scotland rbs celebrated its leading role in the biggest deal in banking history, a record 71 billion euros for dutch bank abn amro. Groenink is a brilliant banker, he is appointed chairman of the banks board of directors, but succumbs to his high ambitions and pride, and drags the bank down with him. The perfect prey by jeroen smit, 9781849162685, available at book depository with free delivery worldwide. Enter your mobile number or email address below and well send you a link to download the free kindle app. As a former abn amro employee, it was amazing for me to know what was going on behind the stage. It follows abn amro at a board level during turbulent times of mergers, acquisitions and takeover bids which eventually led to the end of the bank as we know it. This period covers the creation of abn amro resulted from the merger of abn and amro to its sad ending when rfs holding acquired it. The prey by journalist and professor jeroen smit the fall of abn amro is described. The fall of abn amro, or what went wrong in the banking industry jeroen smit considering so many other behemoths like lehman went down, the fall of abn amro becomes perhaps less exciting one to read about. At first the book struck me as providing rather too many details about too distant history, which i thought would not be related to the final event. The fall of abn amro, or what went wrong in the banking industry.
Then you can start reading kindle books on your smartphone, tablet, or computer no kindle device required. The perfect prey by jeroen smit incredible books from quercus. What went wrong in the banking industry paperback common. I am amazed with the level of detail described by mr smit in this book. Abn amro shrinking to shadow as dutch rue pride of nation. This book that describes the people, their egos and the events that they led which eventually resulted in demise of the dutch financial institution. Here are the top 5 reasons to use a student credit card. In prey is the state of affairs described in the wholesale division of abn amro. It helped me understand many things that happened when i was working for the dutch bank. Abn amro is a modern, fullservice bank with a transparent and clientdriven business model, serving clients in the retail, private banking and corporate banking sectors. Abn amro, the pride of the nation built over almost 200 years, was reduced to pieces within a couple of years time, within the law, johan doesburg, the director of the prey, writes in the. The play is based on jeroen smits 2008 book of the same name, published in english as the perfect prey, and it turns abn s story into the stuff of greek tragedy.