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Friday, 27 May 2016

RBS investors should have acted, not whispered

Pot, kettle, black

One of the UK bank s top investors said it privately criticised RBS nonexecutives for not reining in former boss Sir Fred Goodwin. Yet shareholders kowtowed over the reckless ABN Amro deal and subsequent rights issue. It is late in the day to complain about powerlessness.

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