Lunchtime Links: The Credit Suisse-ification of UBS

If you were a banker with a yen to work somewhere Swiss, life used to be simple - you could choose UBS, you could choose Credit Suisse, or you could choose a rarified private bank typically named after a Swiss person. It is no longer quite so easy. Ever since Oswald Gruebel turned up at UBS in February the bank seems to have gone from trying to emulate Goldman Sachs to trying to be more like its Swiss rival. Today it emerges that Gruebel is calling upon the services of Ulrich Koerner, former head of Credit Suisse's overall Swiss business and ex-Credit Suisse COO and CS arch cost cutter. Koerner's arrival is likely to spark more job cuts as UBS endeavours to centralize things like IT, personnel, procurement and facilities management. It may also cement the demise of UBS's relatively cuddly and caring corporate culture and the start of something a little more Credit Suisse-like.

Separately, the FT reports that G20 protestors are urinating in RBS on Bartholomew Lane. But we have no links.

Soothing BBC commentary to increasingly jostling protest. (BBC)

Police struggle to contain protestors. (Independent)

Persons said to be waving 50 10 notes at protestors (others said to be shouting 'Get a job.') (Dash.com)

BBC pics of the protest. " (BBC)

"I am an anti-capitalist, I am an anarchist. It's a rich man's club. I believe in class war. It is poor versus rich, as simple as that. " (Financial Times)

Protestors outside UBS circa 1999. (Twitpic)

Bob Diamond can make 10m from the sale of iShares. (Telegraph)

Quants quit Goldman. (Financial Times)

How banks could challenge new bonus pay rules. (Wall St Journal)

Nomura paying Japanese college graduates who were going to join Lehman twice as much as those who were going to join Nomura.. (Bloomberg)

Africa is the place to be. (BusinessInsider)