Boutique Wars

Plus: Short-Selling, Tether, Credit Suisse

For a few years in the late nineties, I worked at one of Britain’s oldest merchant banks, Schroders. Almost 200 years old, it was initially set up by J Henry Schroder to finance cross border trade between America and Europe and fund major infrastructure projects. Over time, it shifted its focus towards corporate advice. In the 1980s, the bank played a l…