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The large salaries paid to bankers are based on the idea that elite bankers are a rare and precious commodity - one that it is worth paying for. Presumably this
by shubb 10y ago
The large salaries paid to bankers are based on the idea that elite bankers are a rare and precious commodity - one that it is worth paying for. Presumably this is elite bankers are the most connected and collaborate to rig markets best.
Presumably if a bank moved to amsterdam, it would not be able to hire the top bankers and would be left out of important money making schemes like the recent Libor conspiracy.
- varjag 10y agoThis is kind of saying that the salaries paid for tech talent in the Valley is an outcome of tech elites conspiracy. While in reality it's a function of history, location, network effect and estate prices. Big enough market disruption can easily tip the scales. And leaving the EU trade zone is pretty destructive for banking and European HQ beachheads in London.