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The Perfect Prey Jeroen Smit

The Perfect Prey von Jeroen Smit

The Perfect Prey Jeroen Smit


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Zusammenfassung

The inside story of the record-breaking takeover that triggered the meltdown of the banking system and which has come to symbolise the worst excesses of the credit crunch.

The Perfect Prey Zusammenfassung

The Perfect Prey: The fall of ABN Amro, or: what went wrong in the banking industry Jeroen Smit

On 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.

Über Jeroen Smit

Jeroen 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.

Inhaltsverzeichnis

Foreword. From Predator to Prey: 24 October 1987 to 5 September 2007. Predator: Compromise 1990-1994; Bureaucracy 1995-1996; Dream 1996-1997; Setback 1998; Appointment 1999; Euphoria January-April 2000; Mistake May-December 2000; Settlement January-August 2001; Gulf September 2001-April 2002; Weakness May 2002-May 2003; Paralysis June 2003-September 2004. Prey: Blunder October 2004-December 2005; Shop Window January-July 2006; Mutiny August-November 2006; Gamble 30 November 2006-22 February 2007; Assault 23 February-21 April 2007; Despair 22 April-24 May 2007; End 25 May-30 October 2007. Epilogue: 6 October 2008. References. Index.

Zusätzliche Informationen

GOR002996226
9781849162685
1849162689
The Perfect Prey: The fall of ABN Amro, or: what went wrong in the banking industry Jeroen Smit
Gebraucht - Sehr Gut
Broschiert
Quercus Publishing
20100107
480
N/A
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