i-perceive

It has been months since Lehman Brothers went bus, but the bad news from the world of finance and business keeps rolling. Royal Bank of Scotland had suffered a lot in this  disaster. If you do spend some time in reading news and concern about the market, you probably know that RBS is planning to retreat from Asian market. Few months ago, news had been released that RBS had sold off it’s constituent ABN-Amro to get fund for their European market.

I grabbed a chance to relieve from my in-progress courseworks and heavy workloads to attend RBS’s market outlook talk few days ago. This talk is quite unusual compared to the talks previouly held, as the talk was primarily concerned about calming down the customers and trying to keep the customers. Despite knowing the fact that RBS is going to retreat from Asian market, those fund managers really do not know anything about their future boss. You can tell from their faces of their anxiety during the talk. Funny. How are they going to keep their customer in that way? Hmm…

I’m wondering why would RBS give up it’s Asian market. It had entered this market by acquiring ABN-Amro bank at a relatively high price for that time, and was doing quite well. The UK government can just throw in more fund and buy the remaining 30% of the stocks from the public, and unlist it from the market. Would that be a better choice?