Dutch central bank DNB fined Rabobank over 1 million euros for not having its customer files in order, and therefore doing inadequate checks on criminal money flows, Rabobank confirmed to the Volkskrant.
So far Rabobank paid out 7 million euros to victims of a safety deposit box robbery in Oudenbosch in March. That means that around 60 percent of the victims have been compensated. The bank expects to reach 90 percent in March, Omroep Brabant reports.
Business man Bill Browder pressed money laundering charges against a number of banks and businesses in the Netherlands. The Pubic Prosecutor is currently investigating the charges to see if criminal prosecution is justified, RTL Nieuws reports.
Tens of thousands of Rabobank customers were met with a nasty shock on Saturday. Their savings mortgage payments were deducted twice. This happened due to human error and the amounts have since been refunded, a spokesperson for the bank said to NOS.
This concerned customers with a so-called build-up mortgage. The mistake resulted in many Rabobank customers starting the expensive December in the red, they complained on social media.
The three major Dutch banks - ING, Rabobank and ABN Amro - have decided they do not each need their own ATMs and will therefore jointly launch a new uniform, bank-independent ATM brand. The new, yellow cash dispensers will be called 'Geldmaat' and will start appearing next year, NOS reports.
An explosive was found after an ATM bombing in the Overijssel town of Schalkhaar at around 3:10 a.m. on Friday. The buildings around the Rabobank ATM on Lindeboomsweg were evacuated. This is the second ATM bombing in the municipality of Deventer in two days, De Stentor reports.
The blast destroyed the facade of the building where the ATM is located, according to the newspaper.
The Rutte III government needs to take measures to encourage purchasing power development, because employees otherwise benefit from economic growth only to a limited extent, Rabobank concluded in a study into wage developments. "While the Dutch economy grew by 2.9 percent last year, the collective bargaining wages only climbed 1.4 percent - only barely enough to rise above the 1.3 percent inflation", the bank said, NU.nl reports.
Animal welfare organization Wakker Dier announced the five nominees for its "liar liar" award for 2018 - an annual online election the organization holds to draw attention to companies deceptions about animal welfare. This year's nominees are Jumbo, Campina, Rabobank, ECOstyle and last year's winner Albert Heijn.
The three large Dutch banks - ABN Amro, ING and Rabobank - are structurally involved in abuses in the palm oil sector. These abuses include land grabbing, human rights violations and cutting down rainforests, according to two reports environmental organization Milieudefensie published on Monday, ANP reports.
According to Milieudefensie, between 2010 and 2018 the three banks invested at least 4.9 billion euros into 14 palm oil companies guilty of 118 abuses in nine countries.
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.
The police released footage of the high-profile safety deposit box robbery at a Rabobank in Oudenbosch on Opsporing Verzocht on Tuesday. The surveillance camera footage shows two masked robbers. The police hope that someone may recognize them by the way they move.
The perpetrators who robbed safety deposit boxes in the Rabobank in Ouenbosch early in March, let them self be locked into the bank for two days to do so, the Public Prosecutor confirmed to NU.nl.
The police arrested two men on Monday morning in connection with a robbery of safety deposit boxes at the Rabobank in Oudenbosch early in March. Both suspects work for EBN - the company that provides security for the bank, the Telegraaf reports.
According to the Telegraaf, an alarm in the bank went off shortly before the robbery. Cameras recorded security guards behaving suspiciously.
The police team investigating the safety deposit boxes robbery at a Rabobank in Oudenbosch, is currently looking at the company responsible for the bank's security - Breda company EBN. The police confiscated the company's entire server.
Rabobank abused its position of power as banker of construction company Midreth, which went bankrupt in 2011, Financieele Dagblad reports on Thursday based on an unpublished judgment by the Arnhem-Leeuwarden Court of Appeal.
According to the court, Rabobank imposed "excessive" financial conditions on the construction company. That was in conflict with the bank's duty to care. Though the court added that there is no connection between Midreth's bankruptcy and Rabobank's measures.
On Wednesday morning the police arrested a 24-year-old man from Breda for violently robbing a 78-year-old woman in her home in Bladel last year. This robbery is linked to several other robberies committed based on information from Rabobank employees about customers who withdrew large sums of money from the bank.
The 78-year-old woman was seriously injured in the robbery in September 2017. The police believe she lay injured in her home for hours before being discovered, according to Omroep Brabant. The suspect was arrested in his home in Breda around 5:00 a.m. on Wednesday.
Rabobank customers are reporting problems with online banking on Thursday morning. They can't check their balance on the bank's website or mobile banking app. Fault report website Allestoringen.nl received thousands of complaints from Rabobank customers on Thursday, NU.nl reports.
The bank is aware of the fault and working to fix it, a spokesperson said to the newspaper. "Payments can still be processed, only the balance is not visible", the spokesperson said.
He could not say how long it will take to fix this problem.
A robbery targeting safety deposit boxes at a Rabobank branch in Oudenbosch over the weekend, may be one of the biggest bank robberies in Netherlands history. At least 300 safety deposit boxes were emptied, and the robbers got away with between 5 and 15 million euros, the Telegraaf reports.
According to the newspaper, many of the safety deposit boxes contained cash and even gold bars - there was so much cash and gold that the robbers could not take everything.
Burglars broke into a Rabobank branch in Oudenbosch and stole valuable belongings from several safety deposit boxes. The burglary happened sometime over the weekend and was discovered on Tuesday, according to NOS.
Exactly how many safety deposit boxes were robbed is unclear. The police speak of "a large number". An investigation is underway and the police are calling on witnesses to come forward.
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.
Most Dutch people are not building sufficient financial buffers for a financially healthy future, Rabobank concludes based on a study by Nibud. Only two in five Dutch put money aside for training, income decreases, pensions, or healthcare, ANP reports.
Nibud questioned 2 thousand people for this study. Nearly half of respondents indicated that they are concerned about money matters in the future, yet most do nothing about it. Around a third don't have the money to set aside. But of the two thirds who do have financial room to set money aside, only 39 percent actually do so.
Housing prices in the Netherlands will increase even more this year than they did in 2017, according to Rabobank. Economists at the bank expects housing prices to increase by 8 percent on average in 2018, compared to 7.6 percent last year. Next year housing prices will increase by around 7 percent, NU.nl reports.
Rabobank agreed to pay 369 million dollars, around 300 million euros, to settle allegations that its California subsidiary Rabobank National Association (RNA) lied to regulators investigating charges of Mexican drug money laundering.