Lunchtime Links: Montag's millions; left out at Lloyds

Thomas Montag, the former Goldman Sachs banker who now runs global banking and markets at Bank of America, has been granted another enormous quantity of cash.

Montag received $39m to move to BofA two years' ago. Now he's been allocated $14.3m in restricted stock and $900k in performance-linked cash for 2010.

As Bloomberg points out, this is larger than Brian

Moynihan's $9.05m stock bonus and bigger than the $12.6 m in shares allocated to Lloyd Blankfein.

Reuters says, however, that absolutely none of this will be in cash: senior executives at BAML are not getting cash bonuses for 2010.

Meanwhile, at Lloyds, only 9 people, max, are earning more than 3.4m this year.

Revelations that Michael Sherwood, Goldman Sach's UK boss, is being awarded free shares worth $14.4m (9m) have added to concerns that British banks will be at a competitive disadvantage. (Telegraph)

Chairman of the Treasury Select Committee has written to the FSA asking it to disclose how many bankers earn more than 1m. (The Times)

Citigroup says it's paying more bonuses in stock. (Bloomberg)

HSBC's Chairman says Hong Kong and Singapore are taking work from London. (Bloomberg)

Mervyn King got a 1.4m pension top up. (Telegraph)

JP Morgan has re-hired a former proprietary trader five years after he left to join ill-fated UBS hedge fund Dillon Read Capital Management. (Financial News)

Saxo Bank will allow you to deposit your stock directly into your Saxo Account and use up to 75% of its value for margin trading. (BBC)

A Whole Bunch of Prominent Economists Backs the Use of Capital Controls (NakedCapitalism)

High UK taxes mean footballers don't want to come here. (Telegraph)

Michael Cohrs says bankers have been unpopular for 1,000 years and that maybe investment banking and retail banking should be split. (Financial News)