Late Lunchtime Links: EU may further tighten bonus rules; Vince Cable says Merlin's merely an 'interim' step
If you thought regulatory alterations to bonuses were in the past, think again. Both the EU and the Liberal Democrats are making nasty noises about the future.
Firstly, Michel Barnier says the European Commission will be examining the CEBS bonus rules to see if they're 'enough' (implying that they may not be).
Secondly, Vince Cable has written a little thing in the Guardian, in which he says:
We still have plenty of weapons to deploy. The agreement between the government and the "Merlin" - big four - banks is an important but interim step.
BNP Paribas wants to hire investment bankers in the Netherlands and Germany. (Fox Business)
Credit Suisse shares down 4.3%. (Bloomberg)
Delays in the announcement of UBS bonuses had nothing to do with their size. (CNBC)
UBS will be deferring 60% of all bonuses more than CHF250k. (CNBC)
Job vacancies at London's financial services companies jumped 11%last month says Astbury Marsden. (Bloomberg)
Headhunters expect RBS exits as Project Merlin bites. (Financial News)
Deutsche has started power trading in Australia. (TheAustralian)
Robert Peston used to be a trainee at the London Stock Exchange. (BBC)
If I make it another 5 years without being fired I'll consider myself very fortunate indeed. (NakedOptions)
New York's bedbug problem has come to London. (Reuters)