Anybody remember 1980 ish UK bank problem - replaced managers with graduates ?

Does anybody remember a UK bank (maybe Nat West) back in 1980's ish (or could be early 1990's) who replaced their management team and alot of the staff with graduates. Needless to say it was a bit of a disaster I'm sure I remember this happening so if anybody has any info or links on the web would be most grateful, maybe a business studies student may have covered this in their course. Cheers.

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