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ABN Amro to axe 5,200 jobs by 2028 to reduce costs
Yahoo Finance· 2025-11-26 11:50
Core Viewpoint - ABN Amro is implementing a significant restructuring plan that includes cutting 5,200 full-time positions by 2028 to reduce costs and refocus on core business activities [1][2] Group 1: Job Cuts and Financial Objectives - The planned job cuts will impact over 20% of ABN Amro's workforce across all divisions, including recently acquired entities [1] - The bank aims for a return on equity of at least 12%, a cost-to-income ratio below 55%, income exceeding €10 billion ($11.57 billion), and a CET1 capital ratio above 13.75% by 2028 [2] Group 2: Strategic Focus and Capital Allocation - ABN Amro plans to reduce capital allocation to its corporate bank to around 50% while enhancing its Dutch retail banking position through digital initiatives and investments in brands like Tikkie and BUUT [3] - The bank is simplifying its organizational structure and modernizing its technology infrastructure [3] Group 3: Long-term Ambitions and Market Position - The CEO emphasized a strategy focused on sustainable and profitable growth in Northwest Europe, aiming to strengthen its position in Dutch retail banking and become a top-five private bank in Europe [4] - Supporting family wealth and businesses is a priority, alongside driving growth in key European transitions such as digitalization, energy, mobility, and defense [5] Group 4: Sale of Personal Loan Subsidiary - ABN Amro has agreed to sell its personal loan subsidiary Alfam to Rabobank, which is expected to improve its CET1 capital ratio by around five basis points and reduce risk-weighted assets by approximately €1.2 billion [6] - The transaction is anticipated to close in the third quarter of 2026, subject to regulatory and works council approval [6] Group 5: Leadership Stability - The bank's leadership team is expected to remain stable, with plans to nominate three chief commercial officers for a second four-year term, pending necessary approvals [7]
Visible Alpha Breakdown Of Canadian Big Banks' Q3 Earnings Expectations
Seeking Alpha· 2025-08-26 09:12
Core Insights - IHS Markit is a global leader in critical information, analytics, and solutions for major industries and markets that drive economies worldwide [1] - The company serves over 50,000 key business and government customers, including 80% of the Fortune Global 500 and leading financial institutions [1] - IHS Markit is headquartered in London and is committed to sustainable, profitable growth [1] Company Overview - IHS Markit provides next-generation information, analytics, and solutions aimed at improving operational efficiency for its customers [1] - The company focuses on delivering deep insights that enable well-informed and confident decision-making [1]
Dell Earnings Preview: Fiscal Q2 2026
Seeking Alpha· 2025-08-26 06:55
Group 1 - IHS Markit is a world leader in critical information, analytics, and solutions for major industries and markets that drive global economies [1] - The company serves over 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and leading financial institutions [1] - IHS Markit is headquartered in London and is committed to sustainable, profitable growth [1] Group 2 - The company provides next-generation information, analytics, and solutions to enhance operational efficiency and deliver deep insights for informed decision-making [1]
REIT Replay: U.S. REIT Indexes Grow During Week Ended Aug. 15
Seeking Alpha· 2025-08-18 19:06
Core Insights - IHS Markit is a global leader in critical information, analytics, and solutions for major industries and markets that drive economies worldwide [1] - The company serves over 50,000 key business and government customers, including 80% of the Fortune Global 500 and leading financial institutions [1] - IHS Markit is headquartered in London and is committed to sustainable, profitable growth [1] Company Overview - IHS Markit provides next-generation information, analytics, and solutions aimed at improving operational efficiency for its customers [1] - The company focuses on delivering deep insights that enable well-informed and confident decision-making [1]
Amazon Earnings Preview: Fiscal Q2 2025
Seeking Alpha· 2025-07-29 09:00
Core Insights - IHS Markit is a global leader in critical information, analytics, and solutions for major industries and markets that drive economies worldwide [1] - The company serves over 50,000 key business and government customers, including 80% of the Fortune Global 500 and leading financial institutions [1] - IHS Markit is headquartered in London and is committed to sustainable, profitable growth [1] Company Overview - IHS Markit provides next-generation information, analytics, and solutions to enhance operational efficiency and deliver deep insights for informed decision-making [1] - The company's offerings are targeted at customers in business, finance, and government sectors [1]
Alphabet Earnings Preview: Fiscal Q2 2025
Seeking Alpha· 2025-07-23 06:20
Core Insights - IHS Markit is a global leader in critical information, analytics, and solutions for major industries and markets that drive economies worldwide [1] - The company serves over 50,000 key business and government customers, including 80% of the Fortune Global 500 and leading financial institutions [1] - IHS Markit is headquartered in London and is committed to sustainable, profitable growth [1] Company Overview - IHS Markit provides next-generation information, analytics, and solutions aimed at improving operational efficiency for its customers in business, finance, and government [1] - The company focuses on delivering deep insights that enable well-informed and confident decision-making [1]