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The model is forming

04 August 2008

Read more: merger ABN Amro RBS prime brokerage

The acquisition of ABN Amro by the European consortium led by Royal Bank of Scotland (RBS) has been a long process but things are now taking shape and the business model is becoming clear.

The pairing of RBS and ABN Amro does seem to make sense with a lot of synergies. When RBS became the frontrunner for the ABN Amro business over Barclays it seemed a better fit.

RBS has a good reputation in the credit and rates world, particularly strong in fixed income and credit products with an obvious presence in the United Kingdom and in the US.  But what it was lacking was a strong equity piece and a presence in Asia both of which ABN had. There is of course still some overlap in the areas of...


 

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