Lunchtime Links: Resolution to the rescue

Shares in B&B soared after Clive Cowdery's Resolution teamed up with its major investors with the intention of bidding for B&B and then using it to hoover up other struggling UK mortgage lenders (Bloomberg).

Hedge funds forced HBOS below the price of its rights issue (The Times).

Private banks had a good year in 2007, but (surprise, surprise) not as good a year as they had in 2006 (Bloomberg).

SocGen plans to double its private banking staff in India (Reuters).

Standard Chartered is inflating its commodities team by 20% (eight people), with a focus on agriculture and oil (Bloomberg).

UBS shifts six bankers to Dubai (Reuters).

Lost your job? Join a boutique (Financial Times).

Hedge fund manager makes 46m (The Times).

Carlyle wants operating talent and (possibly) people who can help it invest in the financial services sector (Wall Street Journal).

MBAs steered away from banking and towards something more socially acceptable

(Economist).