Lunchtime Links: BarCap, built from the carcasses of defunct rivals

The Financial Times has two interesting articles on BarCap today - one on the bank's alleged intention of developing a partnership model in the style of Goldman Sachs, and another which copiously quotes Martin Taylor, Bob Diamond's ex-boss.

We'll deal with the partnership issue later because the Taylor article warrants comment all of its own. It suggests Martin, who resigned in 1998 after the Russian crisis and became a part time special advisor to Goldman Sachs, remains resentful of BarCap's success and would still rather like to see it all go wrong for Bob. He appears to relish ominous statements such as, "The risk of the [Lehman] bet is the rising regulatory pressure - how much of the investment banking industry is going to survive?"

The FT article is also a reminder of BarCap's fortuitousness in picking up teams of talented people as rivals implode. It points out that BarCap had a mini-dry run for the arrival of 10,000 Lehman staff in 2002, when it hired 20 people from Enron's defunct London energy trading business. "We had studied this market for a year, and now suddenly 70 per cent of the business was up for grabs. We went all out to get it," Jerry del Missier co-chief exec told the FT.

Deutsche loses five bond traders to Credit Suisse in Moscow. (Bloomberg)

Senior Deutsche executive in Asia said to be contemplating joining Chinese state controlled bank. (Bloomberg)

Standard Chartered wants equities analysts and traders for India and South Korea. (Bloomberg)

The Treasury is trying to lure back former employees-turned bankers with cheap wine. (The Times)

The FSA has reiterated its intention to hire 460 staff to deal with market abuse. (Telegraph)

Moelis is hiring 30 'old timers' for an agency trading business in Australia. (The Australian)

Citigroup has hired someone in London to expand its physical shipping operations. (Taiwan News)

If you join C Hoare, you may never leave. (Wealth Bulletin)

8.3m for Carsten Kengeter, mostly bonus. (Telegraph)

BofA Merrill told to get smaller, doesn't know how. (NY Times)

"You're essentially borrowing from the government and lending the government and taking a cut." (CBS News)

Gordon Brown and Nicholas Sarkozy both want a bank levy. (Financial Times)

Male investors, as a group, appear to be overconfident. (NY Times)

Economics students are happier. (Marginal Revolution)

Finance companies will hire 15% more graduates this year than last year. (Financial Times)

A corporate finance bestiary. (Epicurean Dealmaker)