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?