Friday, January 2, 2009

$100bn too early or too less ?

1 year ago Royal Bank of Scotland (RBS) paid $100bn for buying out ABN Amro Bank.
For this amount it could now buy:
Citibank $22.5bn
Morgan Stanley $10.5bn
Goldman Sachs $21bn
Merrill Lynch $12.3bn
Deutsche Bank $13bn
Barclays $12.7bn
And still have
$8bn change......with which they could have picked up GM, Ford, Chrysler and the Honda

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