I don't think bankers are naive, they are seeing it happen. If your job can be done overseas, it probably will be outsourced. If your job is algorithmic, you'

I don't think bankers are naive, they are seeing it happen. If your job can be done overseas, it probably will be outsourced. If your job is algorithmic, you'll be replaced by a computer. A lot of M&A activity though doesn't fit that category.