How the giants of British banking have kept their challengers at bay
In the mid-2010s, a wave of subversive challengers vowed to overthrow banking’s old guard, but the incumbents have stood remarkably firm against the fintech-fuelled revolution – so far, at least
The French revolution took a while to get going in earnest. After the storming of the Bastille kicked off proceedings in 1789, it was three years before the guillotine entered service. Then things really accelerated: Louis XVI lost his palace, then his head, and Maximilien Robespierre’s reign of terror ensued – until the radical-in-chief got the chop himself in 1794.