On the lighter side of the crisis...

Just more than 1 year ago Royal Bank of Scotland (RBS) paid $100bn for ABN Amro (80% cash).

For this amount, RBS could today buy:
  • Citibank $22.5bn,
  • Morgan Stanley $10.5bn,
  • Goldman Sachs $21.0bn,
  • Merrill Lynch $12.3bn,
  • Deutsche Bank $13.0bn and
  • Barclays $12.7bn,
    And still have $8bn change!!!

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