rbs: Goodnight America

Royal Bank of Scotland has benefited from activist investors targeting other banks involved in the battle for ABN Amro. But maybe the Scottish bank itself should be the focus of activism. It could create more value by selling Citizens, its US operation, than buying another bank. RBS is potentially in a position to carve up ABN Amro because hedge funds agitated for Dutch bank to be broken up. Meanwhile, its main rival as a suitor for ABN - the UK’s Barclays Bank - has been told by another activi...