ABN Amro to Fire Staff in Mortgage Signature Misconduct Probe

Mortgage advisers copied signatures on amended documentation
Investigation continues as ABN reviews more than 9,000 files

The headquarters of ABN Amro Group NV in Amsterdam.
Photographer: Jasper Juinen/Bloomberg

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By Martijn Van Der Starre and Richard Partington

December 7, 2016 at 10:29 AM UTC

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ABN Amro Group NV will fire some of the mortgage advisers that copied client signatures on amended loan documents and eliminate bonuses for others after a probe found 90 staff broke the Dutch bank’s internal rules.

“Several dozen” employees have been reprimanded and won’t get their 2016 bonus, and the ongoing probe may discover more breaches, spokesman Jarco de Swart said by phone Wednesday. “A small amount” of advisers have been given notice of their dismissal, he said. The bank doesn’t believe there was a cost to clients.