We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Not cheap

5 May 2004 By Rob Cox

Who says the Scots are tight fisted? Royal Bank is paying 3.2 times book for a former thrift that just a decade ago nearly went bust. Even with mooted synergies, the deal looks a tad too juicy. Shareholders ought to hope Fred Goodwin is underpromising on cost cuts again.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)