Lunchtime Links: 300 Credit Suisse bankers are about to become rich

While the anti-bonus rhetoric ratchets up a notch or two in Pittsburgh, with Germany pushing for a rule limiting bonuses as a percentage of compensation, Credit Suisse has shown why there may be nothing to fear from many of the bonus reforms under discussion.

According to the Financial Times, 300 Credit Suisse bankers are set to share in the region of $1.85bn when stock issued a long time ago vests in March 2010. If the stock price holds up, this will work out at $6m a head.

The stock in question was issued in 2005 as part of a 'performance incentive plan.' Up to 50% of bonuses for senior executives were deferred for five years, subject to them remaining in employment and the bank hitting certain performance and share price targets. The plan was apparently unpopular at the time, but should prove very popular come March.

Myners isn't for 'crude caps on bonuses', but wants names of top earning staff to be made public. (Guardian)

Darling: Time (for bankers) to be sensible. (BBC)

If you want to work for an organization that is squarely focused on making profits, don't work for a UK bank. (Dealbreaker)

Senior US bankers failed to attend meeting called by Gordon Brown in New York. (Telegraph)

New European regulatory bodies will have "binding powers" to impose rulings on Britain's Financial Services Authority. (Telegraph)

"The FSA paid bonuses for the biggest failure in regulation. Sauce for the goose, sauce for the gander." (Telegraph)

Living wills could hurt banks' credit ratings. (Financial Times)

LSE has made 133 redundancies. (DealBook)

Nomura wants to hire in commodities later this year. (Bloomberg)

HSBC has hired a private banker; SocGen's hired in strategy and research. (CityAm)

Buffett has made Goldman $3bn richer. (CNBC)

Is Buffett's investment in Goldman the future of Wall Street? (Clusterstock)

RBC Traders Accused Of Being Uncreative, Sexually-Harrassing Boors. (Clusterstock)

Bank CEOs in China earn next to nothing. (Reuters)

25 most powerful women in banking. (Wall Street Journal)

"Two of our major banks which had had difficulty in obtaining funding could raise money only for one week then only for one day, and then on that Monday and Tuesday it was not possible even for those two banks really to be confident they could get to the end of the day." (Bloomberg)