Multiple choice general knowledge

ABN AMRO was bought by a consortium of three banks-RBS,Santander and Fortis.This major event happened in

  1. October 2007

  2. December 2007

  3. October 2008

  4. March 2008
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A Correct answer
Explanation

The acquisition of ABN AMRO by the consortium of RBS, Santander, and Fortis was completed in October 2007. This 70 billion euro deal was the largest bank acquisition in history at the time. The consortium acquired the Dutch bank after a prolonged bidding war with Barclays, but the deal became highly controversial during the 2008 financial crisis when Fortis needed nationalization and RBS required a UK government bailout.

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