There will be no bonuses if the bank is not profitable, Bos said. The new measures came as a row over banker bonuses heated up globally, with Credit Suisse spreading the pain of a UK bonus tax across all staff and Goldman Sachs delaying its annual payouts. The Dutch government nationalised ABN Amro in October 2008. It plans to merge the bank with the also-nationalised Fortis Bank Nederland and privatise the combined institution in 2013 or 2014. By then it will have spent at least 30 billion euros to buy and recapitalise the banks.
There will be no bonuses if the bank is not profitable, Bos said. The new measures came as a row over banker bonuses heated up globally, with Credit Suisse spreading the pain of a UK bonus tax across all staff and Goldman Sachs delaying its annual payouts. The Dutch government nationalised ABN Amro in October 2008. It plans to merge the bank with the also-nationalised Fortis Bank Nederland and privatise the combined institution in 2013 or 2014. By then it will have spent at least 30 billion euros to buy and recapitalise the banks.