ABN Amro Loss Worse Than Expected After $1.2 Billion Hit
- New CEO Robert Swaak prioritizes revamp of investment bank
- Dutch bank says provisions may rise to $2.7 billion this year
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ABN Amro Bank NV’s new chief executive officer will review the bank’s strategy after the Dutch lender posted its first loss since 2013 and set aside almost twice as much as expected to cover future loan losses.