A year ago I wrote that there had rarely, if ever, been so many departures, at such a senior level, and at so many different firms at the same time. But since then, far from settling down, the great investment banking reshuffle has accelerated into a wholesale clear out.
The (perhaps inevitable) departure of Rich Ricci as head of the investment bank at Barclays means that 10 of the largest 14 investment banks have removed or changed their chief executive since the beginning of 2012.