Rabobank’s credibility rocked by its errant Irish subsidiary
There are several issues the Dutch bank must address before closing or flogging off ACC Bank
If I were Piet Moerland, I would be trying to get back as much of my money as I could from my poorly-performing Irish subsidiary before closing it down or flogging it.
As chairman of the executive board of Dutch giant Rabobank, I would be asking myself if I should invest any more of my reputational or financial capital plugging the dyke in ACC Bank.
In fact, I would be asking myself whether Rabobank had...
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