ABN Amro Plans to Reduce Workforce by 15% in Cost-Cutting Plan

The transcript discusses ABN Amro's plan to reduce staff by 15% over four years, contributing to cost savings. The reductions will be across business segments, with a focus on digitization. The bank's capital framework targets a 13% Basel 4 ratio, with dividends and buybacks considered when conditions improve. Despite investor frustration, the bank prioritizes financial strength. Strategic plans are set for the next four years, with a focus on leveraging strengths in core markets.

What is the capital framework target mentioned in the text?

What is the current capital position of the bank?

What advice does the outgoing CFO give to his successor?