Southpaw: ABN Amro three years on — Diamond’s lucky escape?
A lot can change in three years. Just ask Bob Diamond and Fred Goodwin, rival suitors in October 2007 for ABN Amro’s hand. While Diamond lost out on ABN, Goodwin lost his job within the year. RBS has floundered ever since while Barclays, and Diamond, have never looked back. But, as David Rothnie reports, there are signs that the ABN merger might finally be beginning to pay for itself.
If Bob Diamond had succeeded in his plan for Barclays to buy ABN Amro nearly three years ago it is safe to say that he would not now be succeeding John Varley as chief executive of the UK bank.
The furore that the current president of Barclays and head
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.