Wall Street’s boutiques bet on star bankers. Now they’re stuck with the bill
Thoughts on this? Goes back to the discussions here on the EB model and their actual "success"
https://www.ft.com/content/bd15d747-6d9d-4d40-8215-1e74f5fe566b?syn-25a…
Who knew that a decade of artificially ultra-low interest rates courtesy of endless money printing would lead banks to overhire and then be left with plenty of white elephants!
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