ABN to Cut 400 Jobs After First-Quarter Profit Drops 17%

http://www.bloomberg.com/news/2013-05-17/abn-amro-to-cut-400-jobs-after-first-quarter-profit-drops-17-.html

Net income fell to 415 million euros ($534 million) from 503 million euros a year earlier, the Amsterdam-based bank said today. Results were boosted by a 223 million-euro release on impaired Greek government-backed corporate loans. Operating profit slid 34 percent to 539 million euros.