Putting the meltdown into perspective

[XMES RUS]

1 year ago RBS paid $100bn for ABN Amro. 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......which you would be able to pick up GM, Ford,Chrysler and the Honda F1 Team.

[zac510]

But what are ABN Amro worth now?

[FarleyRusk]

Citigroup shares are around $ 7.64 with 5.45bn in issue. That puts the market cap at over $41bn, doesn't it?

[fido]

XMES RUS said:

1 year ago RBS paid $100bn for ABN Amro.

Nope, RBS's share was only £10bn c.$18bn.

[s3fella]

XMES RUS said:

1 year ago RBS paid $100bn for ABN Amro. 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......which you would be able to pick up GM, Ford,Chrysler and the Honda F1 Team.

Most of us knew Amro did very well out of the deal!

even without the "meltdown" RBS was stupid to may that ammount for it and was tipped to regret it very very soon indeed at the time!!

No one quie foresaw how much over they paid, but it was stupid and has contributed massively to their inevitable demise!