Lunchtime Links: The real reason people are thinking of getting out of London

Gillian Tett has an interesting article in today's FT looking at what's really encouraging London-based bankers to start thinking that maybe Geneva's not so boring after all.

According to Tett, it's got absolutely nothing to do with ever-increasing taxes, the weather, London Transport, or football - it's all to do with the ever-increasing incursion of the EU.

In the past, says Tett, the EU was arranged along "widget-cheese-finance" lines. German did widgets; France did cheese; and the UK did finance. And each one let the other get on with it.

Nowadays, however, Tett says the notion that the UK can be left to itself in matters financial has disappeared: Paris wants more eurozone finance business and Germany is less keen on UK financiers than it was before. "Britain is not thumping the tables hard enough in Brussels about issues that really worry the financial community," Tett writes.

Arlene McCarthy confirms that new EU bonus restrictions will apply to junior staff (whose activities affect the 'risk profile' of the bank) (Financial Times)

Hungary's got a new bank tax which is four times higher than anywhere else's. (Financial Times)

Deutsche has hired a new global head of FX strategy from RBS in the US . (Bloomberg)

Mizuho's hired a rates trader and a credit trader. (Bloomberg)

There is no place for sarcastic emails at Citigroup. (Dealbreaker)

Meredith Whitney cuts EPS estimates for Goldman and Morgan Stanley. (BusinessWeek)

US Hedge fund managers DON'T like NY tax plan, DO like an increase in VAT. (Forbes)

If you're a mouse, being stressed can help fight cancer. (Forbes)

How do higher IQ people choose? (Marginal Revolution)

Most British people would like to be an astronaut. (PR Log)