Dec 5, 2008

6 for the price of 1 sale

I shamelessly stole this. Last year Royal Bank of Scotland paid $100 billion for ABN Amro. (There was some equity in the deal too).

Today, for the same amount, RBS could buy

  • Citibank $22.5B
  • Morgan Stanley $10.5B
  • Goldman Sachs $21.0B
  • Merrill Lynch $12.3B
  • Deutsche Bank $13.0B
  • Barclays (which acquired Lehman) $12.7B

And still have $8B change for a nice Christmas party.

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