John Hempton_

Royal Bank of Scotland: CEO Deathwatch

Mr Like banks - I am not saying that RBS isn't a good speculative buy at GBP1.7. Indeed I suspect it is.
But if you believe even for one second that the company has fully recognised the losses in its vast balance sheet then you are deranged.
It is true that even NET of the minority interests in ABN Amro the bank remains the largest in the world. That is interesting.

Royal Bank of Scotland: CEO Deathwatch

It was purchased for 12 billion. I do not know how the 100 billion came into play. It was perhaps the most painful day of my career as I was short about 1% of Charter One.

John