A mass selling of stocks triggered by the increasing spread of coronavirus Covid-19 combined with sharply falling oil prices resulted in stock markets across Europe crashing on Monday morning. Amsterdam's AEX fell over 7.6 percent within the first 45 minutes of Monday's trading, compared to Friday's close, before a slight rebound
Aegon and trade unions reached a new collective bargaining agreement for the insurers' employees. It includes explicit agreements about equal pay for men and women performing the same function. According to union FNV, this is the first collective bargaining agreement in the Netherlands to address this issue explicitly, NOS reports.
Pension investors ABP and Aegon together invest more than a billion euros into polluting oil sands. Insurer NN Groep and pension fund PFZW together invest 119 million euros in this sector, according to research by environmental organization Greenpeace, the Volkskrant reports.
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.
Six of the ten large Dutch insurers still invest in companies that supply arms and weapons systems to Saudi Arabia, according to peace organization Pax in its Fair Insurance Guide. According to the organization, by investing in these companies, the Dutch insurers are violating human rights in Yemen, NOS reports.
Dutch banks still generally fall seriously short when it comes to climate policy and that sets the organizations behind, according to a new report published by the Fair Bank Guide on Wednesday, ANP reports.
Only SNS, ASN and Triodos scored well on their climate policy. Aegon, ING, ABN Amro, Rabobank, Delta Lloyd and Van Lanschot all scored an insufficient. According to the researchers, most Dutch banks don't require oil companies to prevent drilling in the fragile Arctic. They also don't publish measurable CO2 reduction targets for the companies in which the invest.
Dutch pension fund ABP invested nearly one billion euros in companies that produce parts for nuclear weapons over the past three and a half years. This makes the pension funds for civil servants one of the biggest Dutch investors in nuclear weapons.
Small and medium sized enterprises in the Netherlands now have a new opportunity to get a loan - the Netherlands Investment Institution has opened its Commercial Loan Fund, which has about 1 billion euros available to issue loans to SMEs.
Banks charge a too high interest rate for tens of thousands of homeowners who have a savings mortgage, because they do not take the savings that homeowners build up for repaying the mortgage into account.
A number of Dutch banks are not fully complying with the commitments they made to improve the sustainability of their investments. Some banks are still investing in nuclear weapons and arms programs.
Eight out of ten largest insurers in the Netherlands invested in companies supplying arms and military equipment to dictatorships and plutocracies like Saudi Arabia, Bahrain and Nigeria, reports Eerlijke Verzekeringswijzer. The insurers' investment in 15 weapon suppliers totaled 6.8 billion euros between 2010 and 2014, the insurance comparison site announced on Thursday.
The Advisory Board of Ajax is exploring "several scenarios" concerning the position of General Manager, currently held by Michael Kinsbergen. Kinsbergen is under contract thru June 30.
A Tweede Kamer hearing about remuneration in the financial sector became confrontational between MPs and three major companies’ executives Tuesday. Speaking in the lower house of parliament, representatives from ABN AMRO, Aegon and ING attempted to convince the public of the need to pay market-based salaries to attract qualified managers, reports NOS.
Several Dutch insurers have not passed the major European stress test SCR.
Six of the top ten insurance groups in the Netherlands have made major improvements in terms of sustainable investments in the last half year.