An interesting read about the RBS financial crisis.,
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This review is from: Making It Happen: Fred Goodwin, RBS and the men who blew up the British economy (Kindle Edition)
I was keen to read this book, not least because my Wife and I have banked with RBS for many years and had thus been very concerned about the future of the bank. Obviously, I was well aware of the banking crisis that occurred in 2008, from which the UK has still not fully recovered. In addition, I found Alistair Darling's excellent book on the crisis most informative.
The writer has clearly researched what caused the particular problems that afflicted RBS very comprehensively and I now have a much better insight into the direction that the board took, which ultimately led to its near collapse. I found the revelations of the insistence of Fred Goodwin, in particular, as CEO to constantly go for growth and the fateful decision to acquire ABN Amro at a time when problems were clearly already occurring in financial markets most illuminating. The other issue constantly mentioned by the writer which had a particular resonance for me was the fact that senior bankers seemed to exist in a form of parallel universe with their eye watering salaries and bonuses and I am far from convinced that the culture in the major banks has changed even in these financially straitened times.