ABN Amro gives bullish forecast - 2003-08-07
The Netherlands’ top bank ABN Amro gave yesterday a long-awaited optimistic forecast for 2003 as it posted a 46% jump in quarterly earnings, soundly beating expectations.

The group’s traditional profit engine, its US retail operations, stalled briefly as mortgage margins tightened, triggering a decline in the US contribution in the second quarter compared with the first.
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Citigroup appoints top female exec to run consumer unit - 2003-08-07
Citigroup Inc has appointed Marjorie Magner, one of a handful of top female executives at the world’s biggest financial services company, chairman and chief executive of its colossal global consumer business.

In her new job Magner will oversee retail banking, mortgage lending and credit cards - huge profit engines that generated more than half of Citigroup’s first-half revenue and earnings.
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