Late Afternoon Links: Everyone wants to join Moelis; 50% of RBS bankers are NOT optimistic about its future

Suddenly, Moelis is hot. Not only is it not a broad-based investment bank with exposure to Greek debt, it's also leaping up the league tables.

The Wall Street Journal reported at the weekend that Moelis is now 20th in Dealogic's M&A rankings (up from 40th last year), that it now employs 100 people in London (up from 4 three years ago) and that people want to work there because it's entrepreneurial and apolitical.

As if to substantiate all this, it emerges today that UBS's joint head of M&A has popped off to Moelis only three months after being promoted.

RBS bankers have immediately sold 50% of their stock as soon as it vested. (Alphaville)

UBS has poached two Citigroup bankers for its US technology group. (Dealbook)

The Treasury is thinking of axing pensions tax relief for anyone paying income tax at 40% and above. (Telegraph)

Citigroup's opening a securities lending desk in Luxembourg. (Securities Lending Times)

Everything you've ever wanted to know about ETFs. (Hkex)

The Prudential Regulation Authority will seek to reach out to a diverse and different pool of individuals than are traditionally attracted to the city and indeed the regulators of the past. (Telegraph)

7 life lessons from the very wealthy. (Washington Post)

Nicholas Taleb: "The real Black Swan Event is that people are not rioting against the banks in London and New York." (SturdyBlog)