ABN Amro profits up but asset management lags

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NETHERLANDS - Dutch financial services firm ABN Amro saw assets under management undermined by economic and political uncertainties during the first three months of the year.

Total revenues decreased by 18% in Q1 to E109m, compared to the previous quarter. ABN Amro blamed a 16.5% fall in net commissions, changes in the asset mix and margin pressure. ABN’s portfolio c...

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