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RBS (RBS): Hester - Good Riddance

By Zak Mir | Thursday 13 June 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Apparently the City is up in arms over the “sacking” of RBS CEO Stephen Hester, as if he was some kind of Moses figure who will not be able to lead the zombie bank to the Promised Land of re-privatisation. However, given the way that the table has been tilted in favour of the sector in the UK, and the point in the cycle that Hester came into the job even Coco The Clown could have done as well or better.



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