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MLex Comment: EC mandates ABN Amro profit level in novel state-aid remedy

By John Rega ( April 5, 2011, 16:39 GMT | Comment) -- The European Commission has set a mandatory profit margin at ABN Amro’s private-banking business, a novel type of behavioural condition for a post-bailout restructuring plan. The unusual move shows the Brussels authority continuing to set creative behavioural remedies during a time when market conditions have tested traditional measures, such as asset sales.The European Commission has set a mandatory profit margin at ABN Amro’s private-banking business, a novel type of behavioural condition for a post-bailout restructuring plan....

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