ABN Amro Jumps as Profit Beats Estimates; CEO Eyes Cost Cuts

Updated on
  • Bank plans to slash expenses by 25%, partly by shedding jobs
  • Dutch company has already surpassed some of its targets

ABN Amro Group NV rose the most in six months after second-quarter profit beat estimates and Chief Executive Officer Gerrit Zalm announced a plan to cut costs by about 200 million euros ($225 million).

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