Subject category:
Finance, Accounting and Control
Originally published in:
2019
Version: 4-Feb-2019
Length: 32 pages
Data source: Published sources
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Abstract
The acquisition by a consortium led by RBS of ABN Amro succeeded in time for the banking industry to collapse into chaos and in the case of RBS into nationalisation. The ABN Amro acquisition highlights the motivations and strategies of growth that many banks were pursuing prior to the financial crisis. Over exposure to sub-prime investment aided in the collapse but this occurred after a bruising battle between RBS' Fred Goodwin and Barclays' John Varley where both acted like corporate buccaneers rather than responsible bankers.
Teaching and learning
This item is suitable for undergraduate and postgraduate courses.Time period
The events covered by this case took place in 2000-2009.Geographical setting
Region:
World/global
Countries:
United Kingdom; Belgium; The Netherlands; Brazil
Locations:
Edinburgh;London;Amsterdam
Featured company
Royal bank of Scotland
Employees:
1001-5000
Turnover:
GBP 2 billion
Type:
Public company
Industry:
Banking
Featured protagonist
- Barclays Bank
Subject category:
Finance, Accounting and Control
Originally published in:
2019
Version: 4-Feb-2019
Length: 72 pages
Data source: Published sources
About
Abstract
The acquisition by a consortium led by RBS of ABN Amro succeeded in time for the banking industry to collapse into chaos and in the case of RBS into nationalisation. The ABN Amro acquisition highlights the motivations and strategies of growth that many banks were pursuing prior to the financial crisis. Over exposure to sub-prime investment aided in the collapse but this occurred after a bruising battle between RBS' Fred Goodwin and Barclays' John Varley where both acted like corporate buccaneers rather than responsible bankers.
Teaching and learning
This item is suitable for undergraduate and postgraduate courses.Settings
Time period
The events covered by this case took place in 2000-2009.Geographical setting
Region:
World/global
Countries:
United Kingdom; Belgium; The Netherlands; Brazil
Locations:
Edinburgh;London;Amsterdam
Featured company
Royal bank of Scotland
Employees:
1001-5000
Turnover:
GBP 2 billion
Type:
Public company
Industry:
Banking
Featured protagonist
- Barclays Bank
Related
Subject category:
Finance, Accounting and Control
Originally published in:
2019
Version: 4-Feb-2019
Length: 72 pages
Data source: Published sources