Can Rothschild reinvent itself?t
Towards professional excellence
For the French Rothschilds, 1981 proved a critical year. It was when the new socialist government of François Mitterrand nationalized most French banks, including the 165-year old Banque Rothschild.
Distraught at what had happened, Guy de Rothschild, who together with his son Baron David had run the bank in the post-war years, left the next year for the US. In a bitter adieu in French daily newspaper Le Monde, Guy said he was leaving his homeland after being “a Jew under Pétain [leader of the World War II collaborationist Vichy regime], a pariah under Mitterrand”.
But Baron David, who was then 38, thought it was too early to go into retirement.
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