Algemene & Amro Set To Merge London FX Further Blow To Dutch Guilder Liquidity Seen

BANKS

Although the two banks haven't officially merged yet, Algemene Bank Nederland N.V. (ABN) and Amsterdam-Rotterdam Bank N.V. (Amro) are planning to combine foreign exchange departments in London later this month, which some competitors claim will reduce activity in the Dutch guilder market even further.

By combining the two operations, the banks will effectively be doubling its foreign exchange staff in London and increasing its stranglehold on the Dutch guilders market. Before the two joined f