Banks scrap for talent in quest for Saudi fee bonanza
International banks spent the summer applying for licences and securing talent as they beat a path to Saudi Arabia. History suggests that many will leave disappointed, argues David Rothnie.
After years of depressed levels of activity, bankers are brimming with optimism again when it comes to the Middle East, and this time the focus of their excitement is Saudi Arabia – perhaps the toughest of the region’s countries for Western firms to crack.
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