It would be hard to find a bigger contrast with the gung-ho, monosyllabic culture that turned RBS into an acquisition machine.

ECONOMIST: Face value

Standard mutual funds, by contrast, are hard to front-run: They are required to disclose their portfolios quarterly, and with a delay.

FORBES: How to Bulletproof Active ETFs

It is the contrast between this hard service, and the expectation of further cuts that leaves so many in the army upset by current policies.

BBC: Changing balance between UK reservists and regular troops