What a difference a year makes:
Just more than 1 year ago Royal Bank of Scotland (RBS) paid $100bn for ABN Amro (80% in cash).
For this amount, RBS could today buy:
Citibank $22.5bn,
Morgan Stanley $10.5bn ,
Goldman Sachs $21.0bn,
Merrill Lynch $12.3bn,
Deutsche Bank $13.0bn and
Barclays $12.7bn,
And still have $8bn change for booze, drugs and hookers.
Not bad at all.
Just more than 1 year ago Royal Bank of Scotland (RBS) paid $100bn for ABN Amro (80% in cash).
For this amount, RBS could today buy:
Citibank $22.5bn,
Morgan Stanley $10.5bn ,
Goldman Sachs $21.0bn,
Merrill Lynch $12.3bn,
Deutsche Bank $13.0bn and
Barclays $12.7bn,
And still have $8bn change for booze, drugs and hookers.
Not bad at all.