26 JANUARY 1991, Page 23

L.O.M.B.A.R.D

THE bankers of Lombard Street complain at the use of 'Lombard' as an acronym. It stands for that familiar City type, the well-heeled chump — Loads of Money But A Right Deadhead. What annoys my friends in Lombard Street is that the first half of the description is decreasingly true.