These are the kind of stories I love to write. The creators of the first structured investment vehicle (SIV), a type of shadow bank that eventually went on to wreak havoc during the financial crisis, are staging a comeback with a plain old vanilla bank.

I’m sad to say though, that First Global Trust Bank does not have the same mythological ring to it as Gordion Knot.

Per the Bloomberg story:

Nicholas Sossidis and Stephen Partridge-Hicks, the bankers who created the model for structured investment vehicles that later collapsed during the global financial crisis, are back.

Sossidis and Partridge-Hicks own First Global Trust Bank Plc, a London-based firm that was authorized to provide banking services a month ago after a three-year approval process, U.K. Companies House and Financial Conduct Authority records show. The new lender is funded by Gordian Knot Ltd., their firm that once managed billions of dollars through a SIV until that vehicle’s 2008 collapse, the documents show.

“FGTB is a simple, narrow wholesale bank,” the lender’s website says. “We will only accept deposits or investments from professional, wholesale investors. Our business model doesn’t cater for retail deposits or current accounts….”

Read the whole thing here.