Barclays’ investment bankers have fallen out of the Premier League
by Rob Davies from Economics | The Guardian on (#4E1SK)
In 2009, Bob Diamond and BarCap were the financial sector's Man Utd. Now investors want the unit brought to heel
Cast your mind back a decade, to the spring of 2009. The UK was four months into its first recession in 18 years, the banking crisis had reached its zenith - or perhaps its nadir - and Manchester United were on the verge of winning the Premier League title.
The fortunes of the British economy and the Red Devils have certainly reversed since them, the former improving modestly and the latter " well, not so much.
Critics say it has wasted resources, sucking up too much cash while offering little financial return
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