Quote:
Originally Posted by hoju
There wasn't any extended discussion about RBS's strategy or US headquarters or anything. It was just one statement that if Bank of America is planning on reducing costs so heavily and cutting staff, RBS may be even more likely to do that, given that they would have to pay even more for LaSalle to beat B of A's bid. I would love to get the citizens HQ in chicago, but either way, it sounds like we will lose a lot of area jobs.
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To me that sounds very counterintuitive - I think the amount of cuts would have much more to do with the strategies (and differences between) that b of a and rbs would likely employ, rather than an additional upfront premium being paid - my assumption is based on the fact that one would think there would be less overlap with an rbs takeover than b of a.........