The Rise and Fall of RBS II

The Rise and Fall of RBS II

In the decade plus since its collapse, RBS losses tally over £46bn. These stem from not just ABN AMRO, but other acquisitions including Charter one, Ulster bank, Sempra and other global wholesale operations.
Overview

RBS’ aggressive expansion proved unsuccessful as by June 2008 losses were mounting and RBS went cap in hand to shareholders asking for a record breaking £12bn. RBS was forced to change gears, and fast. However, with the help of HM Treasury, strategic divestments and restructuring, RBS looked like they were on the road to recovery.

Key learning objectives:

  • Identify the details surrounding the ABN AMRO takeover

  • Explain the impact on RBS and globally

  • What was the APS?

  • How did RBS begin to recover?

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Summary
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Expert
January Carmalt

January Carmalt

January began her career in 1999 with Bank of America in Charlotte, NC. From the Credit Products team, she moved into fixed income bond research covering Telecoms and Financials. While in London, January focused on financial institutions bond research until her Director and head bond analyst role at Deutsche Bank. As of 2011, January has worked as a freelance writer.

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