Royal Bank of Scotland could shift base to Netherlands after Brexit
The Dollar Business Bureau The Chief Executive of Royal Bank of Scotland (RBS), Ross McEwan, revealed today that they are in discussions with the Dutch Central Bank to use it as a base after Britain exits the European Union. McEwan revealed today that RBS plans to build its Amsterdam unit which was acquired after RBS bought ABN-Amro in 2008. Though presently the staff at Amsterdam are only a handful, the bank plans to increase the staffing size to 150. McEwan told reporters, "Setup costs will be in the low tens of millions, running costs also in the low tens of millions.” RBS in its half-year report said, "NatWest Markets has reviewed ways to minimise disruption to the business and continue to serve its ...
A weaker EU doesnt help anybody: Dutch Trade Rep
Sneha Gilada Netherlands – India’s fifth largest trading partner, is a small service economy of 17 million people. The country’s recent elections allayed fears of Brexit sparking a full-fledged anti-EU movement, as the pro-EU party, led by Mark Rutte retained power. However, the upcoming French and German elections will be crucial in determining the standing of EU in the current geopolitical environment fraught with anti-free trade sentiment. To elucidate the risks associated with a weaker EU for India and the world in general, The Dollar Business (TDB) spoke to Ajay Justin Odathekal (AJO), Chief Representative, Netherlands Business Support Office, Hyderabad. He also talks at length about India’s trade relations with Netherlands, the challenges that need to be addressed and the opportunities that hold ...
