Lunchtime Links: Some very large hiring is coming at Citigroup, UBS hiring less exciting than we thought

Fear not: UBS is not the only place hiring. Citigroup is hiring too.

Who is Citigroup hiring? 500 people globally for its Institutional Clients Unit according to Bloomberg, which has had an email on the subject. Bloomberg says this includes investment banking, trading, transaction processing and the private bank, although the Financial Times has got the same story and says the hiring will be mostly investment bankers and traders.

Separately, Financial News suggests UBS's hiring might not have been as exciting as we hoped. Of the 768 additions to UBS's investment banking headcount last quarter, it says 613 were internal transfers. At the same time, however, 280 investment bankers were shunted off to the private bank. Net new external headcount was therefore 435, which was more than titillating but far from awe inspiring.

Persons in sales trading and research at UBS did NOT get a salary increase. (Dealbreaker)

Bob Diamond: "I want to assure you that Barclays has not had any discussion with US regulators - or for that matter with regulators anywhere else in the world - about relocation. None." (Evening Standard)

Barclays flattered its profits by spreading the cost of the UK bonus tax over five years. (Telegraph)

Evercore paid its CEO 63% less last year. (Bloomberg)

HSBC will be cutting 3% of its workforce in the Middle East. (Evening Standard)

Calls to your mobile will soon be monitored on behalf of the FSA. (Financial News)

The clampdown on employee benefit trusts will put an end to the practice of banks loaning large yachts to employees. (Guardian)

The 20 most pointless degrees. (Daily Beast)

The problem with PhDs. (Nature)