These are investment bankers. They secured their fat bonus cheques for 2019 in January and February just as coronavirus started to take hold. Since then, there has been pandemonium in global markets as investors have grappled with the impact of the virus. Those are just the conditions that investment bankers like, as volatility prompts clients to switch in and out of assets, all coming with big fees for the bankers. Indications are that investment banks have had a bumper first quarter in their

Source: The Times March 31, 2020 16:08 UTC