Macquarie versus Goldman Sachs

Goldman may make muppets of its clients but remains the pre-eminent investment bank. Can Macquarie compete? Nathan Bell tills the ground for a future sell.

Investment banks were once prestigious institutions. Now they’re best known for greed, buying government support, profiteering at the expense of clients (or muppets in the Goldman Sachs vernacular), truly massive staff bonuses, insider trading and taxpayer-funded bailouts. To its many critics, this is the wrinkled, ugly face of crony capitalism.

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