During a recent meeting with stock analysts to discuss a huge loss, the chairman of the Royal Bank of Scotland sought to inject some levity.
“I have a question online from the White House — sorry, sorry, Goldman Sachs,” said Howard Davies, to the sound of guffaws from the audience. The chairman, who was fielding a variety of questions that day from analysts from Goldman and other financial firms, then read out the Goldman inquiry about returns on capital.
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