ECB's Wellink criticises ABN AMRO break-up call

European Central Bank governing council member Nout Wellink said hedge fund TCI was going too far in calling for a break-up of Dutch bank ABN AMRO, Dutch daily NRC Handelsblad reported.

British TCI Fund Management said in a letter to ABN AMRO on Wednesday that it should explore options to merge, sell or spin off some of its assets, or even the whole business, as it is undervalued.

Wellink, also President of the Dutch Central Bank, was quoted as saying to NRC Handelsblad: "TCI's letter suggests

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