Lunchtime Links: 'Coincidentally', BarCap's redundancies do exactly match the number of people it's supposed to be hiring in Scotland

We may reading a little too much into this, but does seem at least slightly eerie that the number of BarCap redundancies being mooted by Bloomberg correspond exactly to the number of jobs we understand it's creating in Glasgow (300).

A spokesman for BarCap declined to comment on whether the two things are really related, but pointed out that the proposed job cuts are 'global.' This is not entirely unsurprising: according to our sources, BarCap's Scottish operations hub will perform functions currently carried out in London, New York and Singapore. Global redundancies would make sense then.

Reuters says BarCap's cutting 400 people. (Reuters)

Actually, the bonus tax will raise over 3bn. (Financial News)

Coutts is getting ready to hire in private banking and investment advisory roles. (Financial News)

Hedge funds post biggest gain in four months in July. (Bloomberg)

Former Lehman bankers should make 140m advising on the merger between International Power (IP) and GDF Suez. (Bloomberg)

NY Fed's blow by blow account of Lehman's demise. (Economics of Contempt)

Top Goldman executives have privately advised analysts that the US regulatory reform bill is unlikely to reduce revenues. (LA Times)

Liberum has hired three people from MF Global and is now full in sales and trading, but still wants analysts. (Financial News)