Lunchtime Links: Begbies Traynor wants another 50 staff

Forget cash equities cash equities, insolvency is on fire. Begbies Traynor announced its full year results yesterday, revealing a 30% increase in trading revenues in its insolvency unit and a 20% increase in staff. According to the Independent, it intends to add another 50 staff this year to deal with the additional workload. Unfortunately, as we have pointed out previously, it takes up to three years to train as an insolvency practitioner.

Sergey Aleynikov uploaded proprietary code to an encrypted server on "multiple occasions. (Bloomberg)

While rivals have pared risks, New York-based Goldman Sachs has ratcheted up trading gains...(Bloomberg)

Citadel sueing Mikhail Malyshev for breaching a non-compete. (Bloomberg)

Bank of America also thinks Goldman will pay well. (Alphaville)

UBS hires Chris Murphy, formerly of Morgan Stanley, as head of rates. (Wall Street Journal)

Credit Suisse private bankers - winning clients, but can't expect to be paid handsomely for it. (Bloomberg)

AIG wants to pay another $2.4m in bonuses. (NY Times)

Free range goats in Australia can deliver a 12% return. (NY Times) ( HT Paul Kedrosky )