A group of 21 high-level managers at ABN Amro contacted the Dutch supervisors on the financial markets to raise alarm about the lack of leadership at the bank. CEO Kees van Dijkhuizen is not a leader and the bank has basically no strategy, they write in a letter to DNB and AFM. The Ministry of Finance was also warned, NOS reports.
Dutch banks ABN Amro and Rabobank were again targeted by DDoS attacks on Sunday night, leaving their online banking services unavailable for a time, ANP reports.
The two Dutch banks were also targeted by such cyber attacks on Thursday. In a DDoS attack, a website is bombarded with data, overloading its server and crashing the site.
Rabobank and ABN Amro were targeted by DDoS attacks on Thursday night and Friday morning. As a result their online and mobile banking, iDeal payments and websites were hard to reach or completely offline for several hours.
The attacks on Rabobank started around 6:00 p.m. on Thursday, NOS reports. The problems were resolved shortly before midnight. ABN Amro was attacked during the early hours of Friday morning.
In a DDoS attack a website is bombarded by large amounts of data, crashing its server and therefore also the site.
Large Dutch banks invested billions in the meat industry over the past years, and a large part of that money went to companies where animal welfare is not in order, according to a new report by Eerlijke Bankwijzer. These include companies that sell battery farm chickens, keep their sows locked up in cages, or slaughter animals in controversial ways, RTL Nieuws reports.
The Eerlijke Bankwijzer, or Fair Bank Guide, looks at whether Dutch banks invest their money responsibly. Amnesty International, FNV, Mileudefensie and Oxfam Novib, among others, contribute to it.
An 18-year-old Oosterhout man arrested in connection with DDoS attacks on Dutch financial institutions, wanted "to show that a teenager can simply crash all banks with a relatively simple attack", suspect Jelle S. wrote in an email to the Volkskrant shorty before his arrest.
The stock exchanges in Europe opened with strong minuses on Tuesday following heavy exchange losses in Asia and on Wall Street. The AEX index on Beursplein 5 in Amsterdam recorded 3.5 percent lower at 523.69 points shortly after start of trading. All 25 main funds were in the red, AD reports.
The MidKap plunged 3.8 percent to 785.67 points and the stock exchanges in London, Paris and Frankfurt saw a 3 percent drop in value.
The police arrested an 18-year-old man from Oosterhout in connection with multiple DDoS attacks on the Tax Authority, tech site Tweakers and internet provider Tweak last week, as well as on online bank Bunq in September last year. The man was arrested on Thursday, February 1st, the police said in a statement on Monday.
All major Dutch banks refuse to let entrepreneurs active in the cryptocurrency world open business account because of "too great compliance risks", Sprout reports after questioning ABN Amro, ING, Rabobank, Volksbank and Aegon subsidiary Knab about the matter. Only online bank Bunq allows cryptocurrency businesses to open accounts under certain conditions.
ABN Amro, ING, Rabobank and the Tax Authority again faced DDoS attacks on Tuesday, though this time the financial services managed to deter them better than over the weekend. The attacks caused a short disruption in payment system iDeal, but the problems were quickly restored, NOS reports.
ABN Amro was troubled by attacks all day long, but they were mostly successfully fought off, a spokesperson said to the broadcaster. Around 5:30 p.m. the bank faced a short disruption.
The Dutch Tax Authority was hit by a DDoS attack on Monday, NOS reports. According to the tax service, its site was difficult to reach for a time on Monday morning, but everything should be working again. Three Dutch banks also faced such cyber attacks since Saturday.
A number of online Rabobank services are unavailable on Monday due to a DDoS attack, the bank confirmed. Rabobank is the third Dutch bank affected by such a cyber attack since Saturday.
In a DDoS attack large amounts of data traffic is sent to a particular website, overloading its server and thereby crashing the site. According to Rabobank, some customers can currently not log into their mobile- and online banking. iDeal is also currently not available to everyone, a spokesperson for the bank told NU.nl.
Dutch banks ABN Amro and ING were both hit by DDoS attacks over the weekend, leaving customers unable to use their mobile- or online banking for hours at a time, NOS reports.
In a DDoS attack large amounts of data traffic is sent to a particular website, overloading its server and thereby crashing the site.
Two teenagers from Oosterhout were arrested for breaking into bank accounts using a fake version of ABN Amro's refund app Tikkie. According to the Public Prosecutor, the teenagers - both born in 1999 - stole over 20 thousand euros from at least 42 people, Brabants Dagblad reports.
In the second quarter of this year, Dutch ordered a total of 440 million euros worth of meal deliveries, according to a report by ABN Amro. Pizza is the most popular delivered food, followed by grill dishes, fast food and sushi, AD reports.
On average, Dutch spend 11.40 per person per order. Sushi and other Japanese dishes are most expensive, at 17.96 euros per meal. Ordering a pizza for delivery costs an average of 9.57 euros per person.
Banks treat their customers with a mortgage "too often as a cash cow", Bart Combee, director of Dutch consumers assocation Consumentenbond said on Tuesday. A study by the association showed that banks often charge higher than necessary costs for adjustments to mortgages, ANP reports.
The Dutch theme parks and zoos are doing very well, especially thanks to foreign tourists, according to a report by ABN Amro economists. Tourists are attracted to the quality of the theme parks, easily available accommodation and the relatively low entrance prices, the researchers conclude, AD reports.
The researchers predict a 3 percent increase in the number of visitors this year, should the current weather predictions hold, and a 2.5 percent increase next year. Foreign tourists, especially from Germany and Belgium, account for a significant part of this growth.
ABN Amro is struggling with a "technical malfunction" that has left the bank's internet banking, mobile banking, iDeal payments and some investment applications unavailable. The bank is working on a solution, and stresses that this was not the result of a hack or cyber attack, RTL Nieuws reports.
Disruption site allestoringen.nl received reports from thousands of customers having trouble with the bank's online functions.
When the fault will be fixed is unclear. The bank apologizes for the inconvenience.
The Netherlands' agriculture sector has relatively the lowest impact on the environment of all the countries in the world, according to a study by ABN Amro. Per kilo of agricultural product, the Netherlands 'footprint' of, among others, CO2, energy, pesticides and antibiotics is the lowest, the bank concludes, NOS reports.
There is a real chance that bankrupt fashion chain Witteveen may be saved. Other retail chains showed interest in a full or partial acquisition of the struggling company, the Telegraaf reports based on sources around bankruptcy curator Rinke Dulack of Utrecht law firm Van Benthem & Keulen.
Dutch women's fashion brand Witteveen was declared bankrupt, the Telegraaf reports. The 98 stores in the chain may not be open on Wednesday and the about 400 employees will be left on the streets, according tot he newspaper.
The bankruptcy came as a result of excessive outstanding taxes. According to the newspaper, the Tax Authorities requested the bankruptcy because the company would not hold to a payment scheme.
ABN Amro is no longer accepting new customers from the tobacco industry and will no longer be investing in the sector, the bank announced on Wednesday. "The core business of the tobacco industry is not compatible with the core principles of the bank", ABN Amro said in a statement, Trouw reports.
The Dutch state sold another 65 million ABN Amro share certificates, about 7 percent of the shares, the bank announced on Wednesday. The sale made the government 1.5 billion euros, ANP reports.
Following this sale, the Dutch government still holds 63 percent of ABN Amro's shares. The government intends to sell all its shares in the coming years. The next transaction can happen in 60 days at the earliest.
ABN Amro was nationalized during the 2008 credit crisis and returned to the stock exchange in 2015.
In the continuous effort to make payments easier and more secure, Dutch bank ABN Amro is currently testing payment "wearables". A select group of testers are already using a special Kerv ring or watch with Near Field Communication (NFC) to make contactless payments directly from their bank accounts, ABN Amro announced on Thursday.