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World

The decline and fall of banking’s barrow boys

28 December 2023

11:00 AM

28 December 2023

11:00 AM

Before the ‘Big Bang’, which led to the deregulation of financial markets in London in the 1980s, the city was dominated by two types of person: the often Oxbridge-educated spreadsheet warriors who ran merchant banks; and the ‘barrow boys’, students of the school of life who worked as traders. While the former are still thriving in London, the latter are now something of a rare breed.

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