Lunchtime Links: If you hang around in banking for 10 years before leaving to become a billionaire entrepreneur, it will be too late

The trouble with banking is that there is always the next bonus. There is also always the next vesting date and always all that deferred stock that will be walked away from.

However, if you park yourself in banking while you become marginally wealthy before leaving to set up the company that's supposed to make you exorbitantly well off, you could be making a mistake.

Fortune points out that 47% of Silicon Valley start-ups with exit values of $25m or more were run by founders younger than 30.

And yet, the higher the exit value for these Silicon Valley companies, the younger the founders. Hence, among companies that could sell for $500m or more, 67% of the founders are under 30. This is thought to be attributable to sub-30 year olds' willingness to 'slow brew' ideas.

Credit Suisse is hiring lots of senior private bankers because clients in newer markets are a lot more demanding than in established offshore centres. (Wall Street Journal)

Citi says it continues to have a strong pull when it comes to hiring, and has just hired a former CEO of PWC in the US. (Wall Street Journal)

BAML has hired a former UBS banker as co-head of Asian equity capital markets. (Wall Street Journal)

Goldman is making another concerted attempt to break into Russia and would like to hire people there. (SFGate)

If you work at the SFO, you'll earn only half what you'll get at the FSA. (Financial Times)

Nama's boss says he works a 75 hour week. (Nama)

Pippa Middleton is not going out with a banker. She is with an in-house corporate financier for a brewing company. (CityAm)

It was "slightly ludicrous" to suggest that Sir Fred's decision-making capacity had been impaired by an extramarital affair. (Financial Times)

In another universe, you have a 7 figure bonus and are married to a 24 year old Brazilian called Leiana. (Technology Review)