ABN's Treasury & Fixed Income Groups In North America Face IT Cuts Of $13M
SPECIAL REPORT
CHICAGO--ABN Amro in North America may need to trim its 1999 IT budget for its treasury and fixed income trading businesses by nearly $13 million, according to a source familiar with the situation.
As the groups that make up treasury and fixed income work on their budgets, the bank's upper management has set the total IT expense for treasury and fixed income at approximately $40 million, a figure that is $15 million short of the $55 million IT executives had budgeted for, according to the source
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