Jump to:The Perfect Prey [Paperback]The Fall of ABN Amro, or: What Went Wrong in the Banking Industryby Jeroen Smit
In stock, usually dispatched within 24 hours Description of The Perfect PreyOn 9 October 2007, the Royal Bank of Scotland (RBS) celebrated its leading role in the biggest deal in banking history, a record 71 billion euros for Dutch bank ABN Amro. Searching for an immediate profit, the victors dismantled ABN Amro - and Holland's number one bank ceased to exist. Shareholders and management enjoyed the spoils and the Netherlands lost the bank that had been at the heart of their economy for 183 years. But the profits were an illusion - they simply weren't there. One year later, RBS had been forced into the largest rights issue in British corporate history, underwritten by the Government. So why was ABN Amro so toxic? On the basis of more than 120 conversations with the most important individuals involved, Jeroen Smit reconstructs the downfall of a Dutch institution - a bank whose rotten core was so disguised by paper profits of billions every year. In little more than a decade, one of Europe's largest, longest established banks went from powerful predator to the perfect prey.Title Information
Write a review of this book Customer Reviews from AmazonAbout Jeroen SmitJeroen Smit (1963) is a renowned Dutch investigative financial journalist: he was editor for Het Financieele Dagblad, head of economy for Algemeen Dagblad, and until 2002 editor-in-chief and publisher of the business weekly FEM Business. Nowadays he works as a freelancer, He is, among other things, the host of BNR Nieuwsradio and a commentator and columnist. |
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