Star Telegram – The star commodities trader was lured from JP Morgan to much hullabaloo. There was anger over his two-year guaranteed bonus and the promise he and his team would pocket 15pc of all their profits. But mostly, because his magic touch cost the British bank £30m.
Yesterday, the spell was broken. Edgar, and his team of 11, were fired. The City was abuzz with rumours that he would have his own hedge fund set up by the end of the year. But it said more about Barclays’ curtailed investment banking ambitions.
