Late Lunchtime Links: What will Colm Kelleher do to Morgan Stanley Europe?
Colm Kelleher, Morgan Stanley's co-president of international securities, is coming to London. On one hand, this is a great thing. As the Evening Standard points out, his presence is a coup for the City. On the other hand, it may be a bad thing. Financial News reports that Morgan Stanley executives have been grumbling about the state of revenue growth in Europe. Is Kelleher coming to shake things up?
Maybe. There are ongoing rumours of redundancies at Morgan Stanley; as ex-CFO, Kelleher has had a hand in cuts past. His presence is bound to cause slight unease, even if he is simply arriving to oversee the bank's expansion in rates and FX.
JPMorgan and Morgan Stanley win approval to expand in China. (NY Times)
Robert Walters experienced 49% rise in fees thanks to growth in China. (Evening Standard)
Hays says hiring in the City helped offset contraction in the public sector. (Financial Times)
JPMorgan fires woman for blogging in her spare time (under a pseudonym) (Finextra)
PWC live webcast coming on the impact of the FSA's new remuneration code - follow the link at 10am on Monday January 10th. (PWC Player)
High-frequency trading networks, which complete stock market transactions in microseconds, are vulnerable to manipulation by hackers who can inject tiny amounts of latency into them. (Alea)
The Volcker Rule is a sad end to a brilliant career. (BusinessInsider)
Four 24 year olds who set up a quant hedge fund returned 20% last year. (BusinessInsider)
Paul Findley, top trader at Moore Capital is setting up his own hedge fund. (Financial News)
Ministers are now pinning all their hopes on the second strand of negotiations with bank chief executives, which are aimed at persuading banks to provide more and cheaper credit to small businesses. (Pestowire)
I can't write about banks and hedge funds right now. I don't wanna disappoint anyone. I don't wanna let anyone down. (MoneyistheWay)
Facebook is worth 300 billion USD. (Fintag)
Lloyd Blankfein's secret Facebook feed. (NYMag)
A chemical in women's tears reduces men's testosterone and sexual urges. (Telegraph)
