Any American above a certain age working in finance remembers The Bankers, Martin Mayer’s 1975 bestseller. But since then Mayer has become something of a cause célèbre of all things bank-related. Then he became chairman of a New York school board.
And now he has reprised his opus, and 1997’s The Bankers (not as you might expect,The Next Generation) is a comprehensive look at the future of retail banking, with a special emphasis on clearing and settlement.
Inexplicably this is a best-seller.
His views on international investment banking are idiosynchratic.
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