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If true, this is a ruinous fiasco and no mistake.
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After the horrible, ruinous Murphy's Law-abiding fiasco that was the initial public stock offering of BATS Global Markets, many are wondering if the company's glitch-filled offering was the biggest I.P.O.
And there are the lessons learnt since banking started to go global in the 1970s: the mediocre performance of American commercial banks overseas, the Japanese fiasco, multiple horror stories of commercial banks buying investment banks, and, as the boom peaked, a ruinous hostile acquisition in the form of the RBS-led takeover of ABN AMRO.
Ruinous friends?
"And financially ruinous".
The war proved ruinous.
(Riches without virtue are ruinous).
Aids is economically ruinous.
Nyiregyhazi had ruinous managers.
A dozen are ruinous.
"It's potentially ruinous".
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CEO of Professional Science Editing for Scientists @ prosciediting.com