Why is it that the Dutch central bank believes that it should interfere in what should be the normal course of business between a company and its shareholders.
ABN-Amro is allowed to buy anywhere they want, but its shareholders are prevented by its regulator from requiring management to perform.
Another nationalistic knee-jerk reaction without much thought and it should stop!
Onésimo Alvarez-Moro
See article:
The Dutch banking regulator has intervened in the battle for control of ABN Amro, warning that a hedge fund’s campaign to push for a break-up of the banking group is “a bridge too far”.
The warning by Nout Wellink, president of the Dutch central bank, raises the stakes in what is expected to be a fierce battle for the future of ABN.
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