Morning Coffee: The only way to quit banking before you're 35. Infestation at UBS

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Firstly, some caveats: we don't know exactly who Alice Adams is and we don't know exactly where Alice Adams worked. Nor do we know whether she has a significant other who supported her in the dereliction of her banking career when she went to write books instead, but Adams has some good things to say about the art of escaping finance before you're too old.

Most importantly, says Adams, who spent "more than 10 years" working "as an asset manager for several London-based banks," you need an exit plan. While you're working and earning good money, you need to plan ahead for a time when you are doing neither. "If you structure your life to be reliant on continuing to earn the same money, you're wearing handcuffs," she tells CNBC. "This was always pretty obvious to me, and I made saving a priority."

If you don't plan and lay financial foundations, your exit will likely prove transitory. Career coaches who work with bankers trying to leave the industry say they often come back again when they run out of money or realize how tough the alternatives are. Not so Adams: since leaving, she's had three offers from major banks and has passed on each to build her new career as a novelist.  "I did not take a huge financial risk," she says. "I made sure I was in a reasonably solid position before making the change."

Separately, there are mice at UBS's office in London. In the past, mice have been known to run across office floors late and night and infiltrate the drawers of UBS MDs to eat their nuts. Now, UBS is preparing to move to a new office at London's 5 Broadgate from August 26tth, but Financial News reports there are fears that the mice will move too. - Packing boxes and bags are being left open ahead of the migration and UBS staff are apprehensive that the mice will hitch a ride.


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Photo: Smitt/Getty

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