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ABN Amro to cut 52 jobs in New York in latest banking lay-offs

Banks have made deep job cuts in 2023 as dealmaking has slumped

ABN Amro took a step closer to a complete private ownership structure earlier this week when the Dutch government trimmed its stake to just below 50%
ABN Amro took a step closer to a complete private ownership structure earlier this week when the Dutch government trimmed its stake to just below 50% Photo: Peter Boer/Getty Images

ABN Amro will make deep job cuts to its operations in New York in the latest pullback in the banking sector amid an ongoing deal drought.

The Dutch bank is set to cut 52 roles in New York by the end of 2023, according to a filing with the New York Department of Labor. This amounts to around 70% of its 73 employees in the city, the filing shows.

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