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Financials

Dutch bank ABN Amro to cut 15% of staff by 2024

AMSTERDAM, Nov 30 (Reuters) - Dutch bank ABN Amro on Monday said it would cut 15% of its staff through 2024, as the lender focuses on profitable activities in the Netherlands and northwest Europe.

ABN said it expects to bring down its costs by 700 million euros ($838.11 million) in the coming four years, while it aims for a core capital adequacy ratio of at least 13% and a return on equity of 8% by 2024. ($1 = 0.8352 euros) (Reporting by Bart Meijer; Editing by Kim Coghill)

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