Lunchtime Links: Citigroup signals possible big hiring in equities
Putting aside its various TARP repayment issues, Citigroup is pushing ahead with what the expansion of its equities sales and trading business.
It's hired Mike Pringle from Merrill Lynch as its head of EMEA equities. According to Financial News, it's all part of the bank's effort to reposition itself in the EMEA market.
Citi's already made various equities hires this year, but recruiters say it's got big gaps in equity research and is expected to continue hiring across the equities business in 2010.
Darling has been contemplating the bonus tax for several weeks. (Guardian)
Bob Diamond criticizes the windfall tax. (Bloomberg)
FSA has no intention of extending its pay code to asset managers and insurers - yet. (NY Times)
Geraint Anderson: "Soldiers, policemen and doctors take bigger risks ... and from what I've seen, it's more stressful being a teacher at a dodgy secondary school." (Guardian)
Profits at RBS banking and markets are entirely down to accounting changes. (BBC)
Investment bank profits are bound to fall. (Yahoo)
Dick Bove thinks bank stocks will double in 2010. (CNN)
Darling: bankers need to be able to "look their neighbours in the face," and justify the work they do. (Wall Street Journal)
The coming collapse of the middle class. (Barry Ritholtz)
Pity Lucas Van Praag, for his influence at Goldman may be waning. (The Daily Beast)
Eight ways to beat the Revenue. (Independent)
