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Royal Bank Of Scotland Chairman Isn’t Gonna Sugarcoat Things Here

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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10 Responses to “Royal Bank Of Scotland Chairman Isn’t Gonna Sugarcoat Things Here”

  1. guest says:

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

  2. Dick Fuld says:

    I accept the challenge.

  3. guest says:

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

  4. Deleveraging says:

    So I was probably too early buying those busted preferreds.

  5. The Truth says:

    So you're telling me there's a chance

    – Lloyd Christmas

  6. ILoveLamp says:

    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. guest says:

    Assets are like breasts

    – Sir Hampton

  8. Guest says:

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

  10. Raeann Ouren says:

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

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