Hear Ye! Since 1998.
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Dec 08

Six banks, with change left over

Spending a thrilling afternoon studying in the library. Kev just sent me an email that’s been making the rounds:

A year ago Royal Bank of Scotland (RBS), within a consortium paid US$100bn for ABN Amro (of which 80% was cash).

The same amount today would 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 in change. ..!!