Tuesday, Nov 25, 2008
Goodwin’s $140 Billion Binge May Doom RBS to Nationalization
bloomberg: Goodwin’s $140 Billion Binge May Doom RBS to Nationalization
During nine years at the helm of Royal Bank of Scotland Group Plc, Fred Goodwin excelled at beating his peers.
In 2000, he pulled in the richest paycheck among British bank chief executive officers. He carried out the world’s largest bank merger, making RBS Europe’s No. 1 lender as of June 2008, with assets of 1.73 trillion pounds.
Posted by mark @ 02:37 PM (368 views) Add Comment
3 Comments
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1. whostolemyendowment said...
From Reuters...UK Gov't now owns 58% of RBS...
http://uk.reuters.com/article/bankingfinancial-SP/idUKLP63005920081125
2. fjcruiser said...
The amazing thing is that Abbey did exactly the same 7 years ago and had to be rescued by Santander. So what is wrong with these commercial banks who liked themselves as investment banks ? Greed,greed.greed.
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