The fall and (partial) rise of RBS - (includes Hourican interview)
It has been a long road back for RBS’s investment banking unit from the day that the British government stepped in to prop up the bank with a £20bn cash injection. The story of its partial recovery involves two separate restructurings, the slashing of £700bn from its assets, a surprising (and temporary) surge in profits and a series of ruthless decisions. (From the IFR Review of the Year 2012)
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