Lunchtime Links: Poaching from UBS is absolutely not allowed

Don't even think about trying to lift staff and clients from UBS if your name is Vestra Wealth - at least until October. The wealth manager, which has so far extracted 75 private bankers from UBS, has been forbidden from lifting anyone else until courts reconvene after the summer (The Times).

However, rival brokers remain in hot pursuit of UBS staff in the US (DealBook).

And a top US UBS legal official has bowed out over allegations related to auction rate securities (Bloomberg).

Northern Rock taps its one shareholder for 3bn; UK national debt set to rise accordingly (BBC).

Yes, Merrill may need more capital, admits Thain (Reuters).

Who knows when Merrill will be profitable again? Not John Thain (Dealbreaker).

Ex-Merrill executive won't be opening a hedge fund after all (DealBook).

Lehman's $65bn of excremental mortgages means it might need more capital too (Clusterstock).

Property brokers next for the chop (Reuters).

Hard up partners at law firms forced to borrow cash from banks (Bloomberg).

Family offices are fastest growing thing in London right now (Financial Times).

Jimmy Cayne in his own words: ""This story about smoking marijuana with some woman in a bathroom at a tournament site is pure fiction." (CNN)

VTB Capital is hiring financial controllers, sales traders, sales, commodities professionals, corporate finance professionals, ECM bankers and financial shaman. (Money is The Way)

Dialectical materialism in action: Victoria Beckham is related to Karl Marx (Reuters).