Late Lunchtime Links: Morgan Stanley wants to hire in fixed income; Jefferies wants to hire in trading; win $1m with maths

Morgan Stanley's big trading push didn't come to much in the third quarter, but this hasn't discouraged it from wanting to build its fixed income business.

Nomura's new US banking analyst Glenn Schorr has been meeting with Morgan Stanley management and he says they want to hire.

Specifically, Schorr says they want to hire salespeople and traders, particularly for rates and FX. Apparently MS management thinks its 9 months into a revamp which could take about two years.

Separately, The Deal notes that Jefferies wants to sell $500m of five year notes and that it may use the proceeds for, "hiring talent and perhaps expanding trading operations."

And finally, if you don't want to take your chances with Morgan Stanley or Jefferies, you could attempt to solve any one of six intractable maths questions, which the Guardian points out will earn you $1m in prize money.

Houhihan Lokey has hired a London M&A banker and is expanding in Europe. (DealBook)

Obama totally failed to tap into populist outrage with Wall Street. (NYTimes)

No one voted for hedge fund managers. (Finalternatives)

A very long article on what's going on at BAML. (IIMagazine)

SocGen's hired its new head of UK M&A from HSBC. (Financial News)

FSA won't publish its bonus guidelines until December and they have to be implemented in January. (Bloomberg)

Goldman says four biggest US banks face potential losses of $26bn over the next three years. (ABC News)

Man was VP in IT for 18 years (without getting promoted). (FinAlternatives)

KKR Q3 earnings down 60%. (Financial News)

Nomura's hired another expensive M&A banker in America. (MarketWatch)

Revenues from 'financing and advisory' (including M&A) were up 15% y-o-y at SocGen. (Financial News)

Everyone's expanding in prime broking. (Reuters)

Former Goldman trader who set up a hedge fund in Asia has been forced to close it down. (ABC News)

Goldman wants to be in the top 5 for high yield trading. (BusinessWeek)

Police investigating claims of sabotage at the LSE. (Guardian)

Intelligent people proven to drink more alcohol. (Discovery News)