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, dizzying. Brian Deese, formerly senior advisor to President Obama before becoming Global Head of Sustainable Investing at BlackRock, is now chairman of Biden’s National Economic Council, while Mike Pyle, former BlackRock chief investment strategist, was appointed chief economic advisor to Vice President Harris. The former UK Chancellor of the Exchequer, former chairman of the Swiss National Bank, former deputy governor of the Bank of Canada, and a former vice-chairman of the Fed – all have, at different points, been hired by
government investment was equivalent to a 60% holding. This was subsequently increased to 70%. It was stressed by the Chancellor of the Exchequer that the funds advanced were for the purpose of a temporary boost of the banks’ capital and the stake would be sold when market conditions permitted. Hence it was argued that this was not a case of nationalisation of the two banks