Dutch launch laundering probe into ABN Amro

Dutch prosecutors are targeting the country's third-largest bank ABN Amro in a money-laundering probe, the bank and prosecutors said Thursday, sending its share price into a nosedive on the Amsterdam stock exchange.

The stock fell by around 9.5 percent on the AEX index shortly after opening following ABN Amro's terse announcement that public prosecutors told the bank it was "the subject of a probe under legislation against money laundering and the financing of terrorism."