ABN Amro Shuts Equity Derivatives, Asia Markets Business

``ABN Amro Group NV, the Dutch state-owned bank, will cut about 100 jobs as it exits equity derivatives and shutters its Asian markets business... ABN Amro, nationalized in 2008, is among European lenders including Royal Bank of Scotland Group Plc and Rabobank Groep closing structured products businesses, citing high capital costs and expenses. Regulators in the U.S. and Europe are seeking to increase transparency after the products came under scrutiny for being opaque and overly complex following the collapse of Lehman Brothers Holdings Inc in 2008.''