Citigroup said in a note that despite the shares having risen 20% this year, RBS is worth only 0.9 times its tangible 2010 book value, compared to a European average multiple of 1.4.
Although stocks gave up gains, the market showed some resilience, having risen despite news of more accounting problems, this time at Xerox.
Despite average broadband speeds having risen from 3.6Mb to 12Mb over the past four years or so, we're rarely satisfied with the speed at which we access the internet at home – but through bitter experience we've come to learn that this is usually down to factors beyond our control.
Since he took over seven years ago, GE shares have declined 29.8%, from $40.90, despite earnings that have risen every year save 2003.
Despite this, demand has risen, and slow lorises are no longer captured opportunistically, but are now hunted on a commercial scale using flashlights, from which the animals do not flee.
But if India is indeed a risen power, then it has risen despite its terrible poverty — despite lingering inequality and despite widespread deprivation that has left millions in conditions that are almost medieval.
Despite this, tuition fees have risen to record levels.
My thesis is that India has risen despite the state.
