Friday 21 September 2007

Rijkman Groenink: RBS bid better than Barclays offer

ABN Amro boss Rijkman Groenink says that the Royal Bank of Scotland has made a better offer for ABN Amro than Barclays. RBS is leading a consortium bid of £48 billion.

This reminds me of the time I was trying to sell my favourite pack of tarot cards. They once belonged to Napoleon's fortune teller, Lucienne. I didn't want to sell them, but I needed the cash. A couple of soothsayers in London made pretty good offers, but I eventually sold them to a French collector of rare mystical artefacts for a lower price. I knew he would look after the cards. The moral of this story is anyone's guess.