Lunchtime Links: There is a war going on between JPMorgan and Citigroup

JPMorgan and Citigroup are natural rivals. Both are large US universal banks. Both have had a predilection for developing their global footprint. But today the Wall Street Journal says the rivalry has got a little out of hand.

According to the Journal, Jamie Dimon may be to blame. Dimon apparently butted into a conversation between a Citigroup banker and his clients at Davos and suggested that the former, ""Should go work for a real bank."

JPMorgan bankers have also allegedly been displaying charts showing Citigroup's "shrivelled market value," alongside their own, steady share price and suggesting JPMorgan might be the better bet. Citigroup has complained that such behaviour is, "bordering on unethical."

Citigroup has hired a big equities trader from JPMorgan. (Bloomberg)

Vikram Pandit is being paid recklessly and in a manner suggesting we have learned nothing. (Financial Times)

"Overseas clients have no idea about Mitsubishi's trading ability." (Bloomberg)

Greenhill chairman has run away to join 3i. (Financial Times)

Robert Walters placed 2,000 people in the City of London last year, but is now mostly interested in Asia. (Financial Times)

Had George Osborne been chancellor he would never have allowed RBS to buy ABN. (Telegraph)

Partners at Clifford Chance will earn 1m this year. (Telegraph)

"We have entered the era of the superstar megarainmaker." (DealBook)

Senior insolvency partner at a now-insolvent business recovery firm spent up to 2.5m on the company credit card. (Telegraph)