I shamelessly stole this. Last year Royal Bank of Scotland paid $100 billion for ABN Amro. (There was some equity in the deal too).
Today, for the same amount, RBS could buy
- Citibank $22.5B
- Morgan Stanley $10.5B
- Goldman Sachs $21.0B
- Merrill Lynch $12.3B
- Deutsche Bank $13.0B
- Barclays (which acquired Lehman) $12.7B
And still have $8B change for a nice Christmas party.
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