The price paid for the takeover of ABN Amro activities by the Royal Bank of Scotland was, in hindsight, ‘too high’ the Financieele Dagblad quotes RBS’ supervisory board chairman Tom McKillop as saying.
‘But that’s easy to say looking back,’ Wednesday’s paper quotes McKillop as saying.
The comment came during an announcement of a new round of redundancies at RBS. The paper says the bank is expecting to sack around 25% of the total 28,000 workforce.
The number includes redundancies as a result of the integration of RBS and ABN Amro activities and are mainly expected to fall in London, the paper says.
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