Rabobank pulls plug on equity derivatives business
Bank has not decided whether to sell its book to other dealers
Rabobank has become the latest dealer to announce an exit from the equity derivatives business, citing an expectation that costs – and reputational risks – would grow as a result of increasing regulatory scrutiny. The bank does not break down the performance of businesses within its wholesale and international retail division – which booked a 7% increase in profits to €543 million in 2012 – but it claims the business hit its performance targets.
"The rationale is primarily twofold, and is not
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