Dutch Bank ABN Amro Takes Step Toward An I.P.O.

Wochit 0:54 mins

The announcement comes five years after the Dutch government bailed out ABN Amro after a consortium of European banks acquired the firm for around 72.2 billion euros, or $99 billion. Switzerland's state prosecutor opened an investigation into former Swiss National Bank Chairman Philipp Hildebrand in connection with possible violations of secrecy laws, after receiving an undisclosed complaint. Heavy selling engulfed emerging markets again with more currencies falling prey to fears of higher global borrowing costs and a reduction in cheap cash supplies from the United States.

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