Your country needs you, investment bankers

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By David Rothnie
26 Mar 2020

The 2008 financial crisis forged a generation of investment bankers well versed in advising governments — and with many having returned to banking, they are likely to be in demand again. But history suggests banks will not be earning lucrative fees, writes David Rothnie.

When Charles Donald was sidelined in a reshuffle at Credit Suisse and decamped to run the UK government’s portfolio of financial investments, he may have expected a relaxed glide path to the next phase of his career. The government had sold down much of its Lloyds stake ...

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