ABN Amro Reports Doubling in Profit, May Boost Savings Goal
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ABN Amro Group NV, the state-owned bank that includes Fortis’s former Dutch banking assets, may increase its target for cost cuts after first-quarter profit doubled.
Net income rose to 539 million euros ($772 million) from 250 million euros a year earlier, the Amsterdam-based company said in a statement today. Operating expenses fell 10 percent to