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ABN Amro takes $200m loss on US clearing client

Loss offers latest evidence of how the fallout of the coronavirus pandemic is spreading through the financial system

ABN Amro said Thursday it will take a $200m net loss after a US client of the Dutch lender’s clearing division couldn’t meet a margin call on a loan.

The bank’s loss offers the latest evidence of how the fallout of the coronavirus pandemic is spreading through the financial system as banks, hedge funds, and other market participants try to minimize their exposure to potential losses from wild swings across markets.

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