Lunchtime Links: Who said UBS pays badly?

UBS may have accumulated an additional $1bn in losses after settling with the US authorities and making some unexpected additional writedowns, but it can still be generous when appropriate. Financial News reports that Jerker Johansson, the head of UBS's investment bank who was hired from Morgan Stanley last year, is receiving a package comprising cash and shares worth Sfr11m (€7.5m), plus 700,000 of share options.

Pandit's midnight magic. (Financial Times)

Citi having a bumper top line is really nothing to get excited about. (Financial Times)

Citi will have to sell more assets. (CNBC)

Compliance is just important to success as sales and trading desks. (CNBC)

Citigroup's compliance culture. (DealBook)

They tried to outsmart Wall Street. (NY Times)

Investment banking revenues predicted to fall 24% quarter on quarter. (Financial News)

Greg Fleming deserved his bonus: worked 18 hour days, plus weekends. (Business Insider)

Merrill - did early bonuses give an incentive to mark down bonuses. (Financial Times)

Bonus shriveling prompts rush of early retirements. (Wall Street Journal)

Dresdner's bonus action bankers now face the axe. (Evening Standard)

Did sexism kill Jimmy Cayne? (Business Insider)

Forget emigrating to Sydney. (Bloomberg)