Late Afternoon Links: On the advantages of going to Cambridge University

Nomura may be losing people, but it's also hiring. It's latest addition is John Hyman, a former Morgan Stanley banker who's joining as co-head of global finance.

A Nomura spokesperson points out that Hyman is a good friend of William Vereker, the bank's new co-head of investment banking. The two men have apparently known each other since Cambridge, which goes to show the networking advantages of attending an elite university.

Bonuses will rise to 6.8bn for this year. (Evening Standard)

Standard Chartered ordered to compensate banker it fired on the first day. (Bloomberg)

Deutsche has hired Stephen Byrne to rebuild distressed debt trading. (FT)

BNP Paribas has hired 20 equities professionals in Japan. (Bloomberg)

Citigroup's hired 8 prime brokerage professionals in Asia Pac. (WSJ)

Citigroup to expand its Polish investment banking business. (Bloomberg)

2010 investment banking analyst bonus predictions. (MergersandInquisitions)

"A free market was never meant to be a free license to take whatever you can get, however you can get it," (WSJ)

I have no sympathy whatsoever for the knuckleheads at ACA or IKB. And, frankly, neither should you. (Epicurean Dealmaker)

Bosch said to have stopped doing business with Goldman Sachs. (Bloomberg)

Fabrice Tourre will be testifying to the SEC next week. (Telegraph)

Fabrice Tourre negotiated his rent down, went jogging. (The Times)

Seems we've had the bank payroll tax, now we have the bank punishment tax. (Financial Times)

Alistair Darling thinks the world will back the IMF's tax proposals. (Guardian)

Nick Clegg lobbied for lax EU bank laws. (Telegraph)

A female staffer at ACA, the manager of the security, knew that Paulson & Co intended to bet against the transaction. (Financial Times)

M&A WILL pick up - soon. (Alphaville)

Banking crises make countries more liberal. (BusinessInsider)