Rabobank pulls plug on equity derivatives business

Exit sign

Rabobank has become the latest dealer to announce an exit from the equity derivatives business, citing an expectation that costs – and reputational risks – would grow as a result of increasing regulatory scrutiny. The bank does not break down the performance of businesses within its wholesale and international retail division – which booked a 7% increase in profits to €543 million in 2012 – but it claims the business hit its performance targets.

"The rationale is primarily twofold, and is not ba

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