This was forwarded in an email to us today and should give some perspective to what the financial services industry has been through in the last year or so. Admittedly, these figures are a few weeks old and some of these company’s market caps have grown significantly in that time, but you get the point.
“A little more than 1 year ago Royal Bank of Scotland (RBS) paid $100bn for ABN Amro (80% cash).
For this amount today, RBS could buy:
Morgan Stanley $10.5bn,
Goldman Sachs $21.0bn,
Merrill Lynch $12.3bn,
Deutsche Bank $13.0bn and
And still have $8bn change for an automaker or three ….”