You get a lot for £54bn these days
Posted by Mark on 18th Sep 2008
About 12 months ago, the RBS led consortium paid the market rate for ABN Amro, outbidding Barclays in the process.
Barclays have now paid £1bn for Lehmans US investment banking arm, catapulting them into the big league at a fraction of the price.
It is scary to consider that earlier in the week, £54bn would have bought Barclays, Lloyds and HBoS (LBos?) and Alliance and Leicester. With the small change left over they could have that small grocery chain Marks and Spencer.
Of course the market has fallen further this week, so they probably could now buy British Land too.