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RBS ‘should be more like a Canadian bank’ proposes hedge fund chief

Investment Week – The Royal Bank of Scotland (RBS) should be converted so that it resembles a Canadian bank, a document created by a hedge fund boss and unwittingly shown to the press has proposed.

Yesterday afternoon, Davide Serra, founder and chief executive of Algebris Investments, was pictured entering Downing Street with a presentation on RBS, entitled “the case for improving viability”, which appeared to recommend that the bank become more like a Canadian bank.

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