Lunchtime Links: Yes, most people are getting paid predominantly in cash

This doesn't apply at Morgan Stanley or Credit Suisse, but as we noted last week, cash bonuses are surprisingly high this year.

We're not alone in this observation. Financial News says, year-on-year, that 50% fewer people are affected by the FSA's bonus restrictions in the 2010 bonus round than previously.

Cash rich bonus recipients have the EU to thank. The EU's definition of 'code staff' falling under the new bonus rules is comparatively narrow. As a result, only 200 people per bank are affected by mandatory deferrals, down from 400 last year. Again, this is something we remarked upon last November.

However, the real cash surprise this year is for people earning 1m+. Last year, the FSA specified that anyone earning seven figures should have 60% of their bonus deferred for three years. For the 2010 bonus round, this has been dropped. Only people earning 1m+ who are also code staff are subject to 60% deferrals.

As a result, banks like Citigroup appear to be paying 70% cash, even to high earners.

(Middle office) staff below VP level expect 13% of their bonuses to be deferred. (Bloomberg)

Bumper pay rises for Goldman Sachs bosses as profits slump 38%. (Guardian)

Lloyd Blankfein's salary has tripled to $2m. (WSJ)

Lloyd Blankfein - $13.2 million; James Gorman, $7.4 million. (WSJ)

This month, Lloyd Blankfein banked $24 million in a deferred payment from '07. (BusinessInsider)

Blankfein's pay package represents a total increase in compensation of 52% compared to last year. (NYPost)

In 2007 Lloyd Blankfein got paid $67.9m. (NYPost)

Zero cash bonus coming for Stephen Hester. (Sky)

James Gorman: Compensation is: "back in balance. I'm perfectly happy with people making a lot of money if they're talented and they generate real revenues." (WSJ)

Joe Cassano, the New York-born head of AIG Financial Products, never paid himself less than $38m (24m) a year. (SundayTimes)

At J.P. Morgan Chase & Co., Bank of America's largest U.S. rival, most bankers are having 50% of their pay deferred and some more. (WSJ)

ReThink Group said it had recently placed IT professionals with hedge funds on 80k-100k basic salary plus a 100% guaranteed bonus - almost twice their previous level of remuneration. (Financial Times)

The coming financial crisis of 2015. (OliverWyman)

Deutsche wants to hire 250 people for a risk management institute in Berlin. (WSJ)

Ed Balls is not repeating his request for the 50% tax rate to start at 100k. (New Statesman)

George Osborne says he won't do a deal with banks unless he gets something in return. (Guardian)

Peter Mandelson coached Bob Diamond (for free) before his Select Committee appearance. (Sunday Times)

Between 2009 and 2011, staff at private equity firms in New York dropped by about 4%; staff at London-based firms rose 6%; staff in Hong Kong grew 37%. (Financial News)

"Phones are a big part of our everyday lives: we need to know if someone can handle making between 500 and 700 calls a day. A big part of the job is prospecting." (Guardian)

Vince Cable's joke: There are two corpses on the motorway - a dead cat and a dead banker. What's the difference? There are skid marks in front of the cat. (The Times)

More banker jokes. (Guardian)

Camden council in north London is proposing asking bankers to part with 5% of their bonuses to cover a 100m spending gap. (Telegraph)

Diana Jenkins now free to go out with Justin Timberlake. (Daily Mail)