ABN Amro on the carpet after 90 of its advisers forge signatures of bank clients
London/Amsterdam — ABN Amro said a probe into its mortgage advice practices found that 90 of its advisers forged client signatures in a breach of protocols, 10 times the number reported earlier this month. Dutch Finance Minister Jeroen Dijsselbloem said: "This is very serious. Even if there is no material damage for the client, this isn’t allowed. It’s fraud." Netherlands Authority for the Financial Markets spokeswoman Nicole Reijnen said: "We think it’s very serious. It’s about forgery. We are in serious talks with ABN Amro." The lender, majority-owned by the Dutch government, uncovered the offences in an investigation focusing on an internal rule requiring mortgage advisers to get clients to sign amended borrowing advice reports. Amsterdam-based ABN Amro said it did not believe clients faced any financial disadvantage. ABN Amro announced on November 8 it had started the probe after nine advisers were found to have forged client signatures. This stemmed from a 2013 change requiring...
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