When bankers say that it’s not about the money, it may even be true. Ron Beller, a Goldman Sachs partner, was one of a group of bankers who had more than £4 million stolen from them by Joyti De-Laurey, their secretary. The bankers made so much money that they did not notice the theft of large amounts for many years.

Ceasing to be ordinary – anyone with a net worth less than $100 million – elite bankers discovered that they actually had always been art experts, public intellectuals, men or women of letters or all of these. Their ambition rivalled that of Salvador Dali: ‘At the age of six I wanted to be a cook. At seven I wanted to be Napoleon. ...

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