Sir Philip Hampton said investors who owned RBS shares before its £45.5bn bailout in October 2008 were likely to be dead before the bank’s value recovered to anything close to its pre-crisis level. “I don’t think shareholders wealth is likely to be restored any time in my lifetime or some lifetimes beyond,” said Sir Philip, who was brought in as the bank’s chairman in January 2009. [Telegraph]

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Comments (10)

  1. Posted by Dick Fuld | May 30, 2012 at 3:51 PM

    I accept the challenge.

  2. Posted by guest | May 30, 2012 at 3:44 PM

    Well "by his lifetime" seems to be asking quite a bit of RBS in such short notice.

  3. Posted by guest | May 30, 2012 at 3:57 PM

    with Scottish alcohol intake its a long stretch by any RBS investors lifetimes

  4. Posted by Deleveraging | May 30, 2012 at 3:59 PM

    So I was probably too early buying those busted preferreds.

  5. Posted by The Truth | May 30, 2012 at 4:45 PM

    So you're telling me there's a chance

    - Lloyd Christmas

  6. Posted by ILoveLamp | May 30, 2012 at 4:45 PM

    Telegraph: "At their high in March 2007, RBS share were worth just over 600p, meaning that £100 invested in the bank's shares then would now be worth about £3.30."

    V. Mattone: "When you're down by 96.7%, people figure you can go down all the way. They're going to push the market against you. They're not going to roll your trades. You're finished."

  7. Posted by guest | May 30, 2012 at 5:01 PM

    Assets are like breasts

    - Sir Hampton

  8. Posted by Guest | May 31, 2012 at 9:22 AM

    "'I don’t think shareholders wealth is likely to be restored any time in my lifetime or some lifetimes beyond,' said Sir Philip, who was brought in as the bank’s chairman in January 2009. "

    Oh, I can wait.

    - Connor MacLeod

  9. Posted by bookmarking service | September 10, 2012 at 9:35 PM

    Uzge3w I cannot thank you enough for the blog post.Really looking forward to read more. Really Cool.

  10. Posted by Raeann Ouren | September 24, 2012 at 10:41 PM

    Probably for the reason that E is silent that is definitely my guess.