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ABN Amro to cut 1,500 jobs as net profit rises

  Bloomberg ABN Amro Group NV, the state-controlled Dutch lender that returned to the stock market last year, reported a 19 percent jump in third-quarter profit and said it would cut 1,500 jobs as it steps up cost reductions. Underlying net income, which strips out one-time items, rose to 607 million euros ($652 million) from 509 million euros a year ...

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Bahrain approaches banks on sukuk sale

  DUBAI / Reuters The Kingdom of Bahrain is in talks with lenders for an Islamic bond, or sukuk, which is expected to be issued in the first quarter of 2017, banking sources said. No banks have been appointed yet to arrange the debt transaction, the bankers said on condition of anonymity because the information has not been made public. ...

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India’s currency swap sets off endless lines of frustration

  NEW DELHI / AP The first people showed up at the bank long before dawn, forming a line in the cold and the smog and silently waiting for the chance to withdraw their own money. They left more than seven hours later, each holding the handful of bills, worth $60 at the very most, that they’d been allowed to ...

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