Wednesday, April 11, 2007
Head of Dutch central bank fights back
Nout Wellink, president of the Dutch central bank, has come out fighting in response to charges of protectionism six weeks after slamming a UK hedge fund’s attack on ABN Amro as “a bridge too far”.
In February Mr Wellink’s remark, in reaction to demands by The Children’s Investment Fund for the break-up or sale of the Netherlands’ biggest bank, had suggested the country’s top banker would go to any lengths to block the activist shareholder’s proposal.
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