“At the end of [Sir Fred Goodwin’s] presentation, there was someone with their hand thrust up very enthusiastically, and he was looking at his BlackBerry as he spoke, and he said, ‘Sir Fred, if the opportunities available to you are so exciting and if everything is going so well at the bank, why has the share price fallen 35% since you started speaking ?’”
- Manus Costello on RBS’ finest hour, in The Bank That Almost Broke Britain, BBC2, 2 October 2018.
The great festival of failed finance anniversaries continues. We’ve had the commemoration of the bankruptcies of Lehman Brothers and Long Term Capital Management (20 years in the case of the latter), so it was inevitable that a 10 year remembrance of the near-extinction of RBS would pop up just in time for Halloween.
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