Lunchtime Links: Massive increase in revenues and resumption of war for talent at JP Morgan

Forget the departure of Bill Winters and the anointment of Jes Staley, head of asset management, as the probable successor to Jamie Dimon, The Times reports that JP Morgan saw a 40% increase in its revenues during July. It quotes Dimon as saying that the 'war for talent' is getting nasty again and that, "it's just going back to where it was."

According to a recent investor presentation, JPMorgan is expanding in commodities, prime brokerage and emerging markets. The war may be at its most fierce in these areas.

Underwriting fees up 65% in the third quarter. (Reuters)

Citigroup and BofA may be disadvantaged by G20 pay rules. (Reuters)

"What I do know is that when investment banks got big enough and bureaucratic enough that risk management and revenue generation could be separated, the wheels began to come off the bus." (Epicurean Dealmaker)

UBS names new global co-heads of investment banking. (Bloomberg)

UBS wants to escape government protection. (Marketwatch)

BNP Paribas unshackling itself from the French government. (Financial Times)

Goldman and Credit Suisse seeking to expand their operations in India. (Reuters)

Deep within Citi, the death of Salomon. (Wall Street Journal)

US commercial banks earned $5.2bn from derivatives trading in the second quarter. (Wall Street Journal)

50 common mistakes most traders make. (Investment Postcards)

Should you hire a career coach? (CNN)