Lunchtime Links: As we suspected, JPMorgan doesn't REALLY intend to leave London

Being strangely omniscient, we have pointed this out already, but a secret memo from Jamie Dimon makes it worth pointing out again: JPMorgan doesn't really harbour any intention of moving out of London.

The Guardian unearthed the memo in question, which soothes employees worried about relocating to outer Geneva with the words, "We have no immediate plans for any significant changes impacting our presence in the UK."

JPMorgan does, however, need to make a decision about its offices in London. The Guardian has also unearthed a property expert who describes its current arrangements as, 'tired.'

European bureaucrats are preparing plans for an EU-wide levy on financial transactions. (City Am)

Switzerland is not ruling out joining the EU. (WSJ)

Jefferies has now added two telecoms analysts to its mountain of recent hires. (Financial News)

Jefferies wants to become a major European government bond dealer. (Bloomberg)

JPMorgan is making big bets and crossing its fingers in a dangerous and volatile market. (Huffington Post)

Despite wearing sandals and having a 'chuckling demeanour,' Albert Edwards has gained huge cachet from being massively pessimistic. (NY Times)

Merrill traders sometimes used the cash inside new C.D.O.'s to buy the Pyxis notes, meaning that the C.D.O.'s were investing in Pyxis, even as Pyxis was investing in C.D.O.'s. (NY Times)

The motivation for getting Merrill into this mess was bonus fraud. (Naked Capitalism)

Smoke stops bond trading in Moscow. (Bloomberg)

Scottish cricket star joins Barclays Wealth. (Financial News)

The joy of all-nighters. (This is London)

Journalists hate to think of us flying high in the friendly astral sky, with dollar bills stuck to our faces, the ghostly fingers of financiers long dead caressing us. (MoneyistheWay)

Where is the peak of the Laffer curve? (BraddeLong)

Good looks can hurt a woman's career. (Reuters)