Interesting article discussing the general malaise in UK banking and the competition between RBS and Barclays to acquire ABN Amro

"RBS paid a high price for Goodwin's obstinate pursuit of ABN Amro. Competition with his arch-rival John Varley, who runs Barclays, could have been a factor in his persistence. Varley had agreed a merger with ABN Amro before Goodwin came along to spoil the deal."

http://www.guardian.co.uk/commentisfree/2008/oct/10/banking-executivesalaries

Barclays sure are lucky they got trumped on that one... They seem to have got a far better deal in picking up the Lehmans assets

Seems like there willl be a lot of job losses but presumably the overlap between the two businesses was quite significant

http://www.citywire.co.uk/adviser/-/news/market-and-shares/content.aspx?ID=317261

 

 

 

Unlock the rest of this article with a 14 day trial

Already have an account?
Login here