Lunchtime Links: Nomura has now paid 70% of the Lehman bonuses
Nomura has now paid 70% of the very generous guaranteed bonuses it offered to the senior people it hired from Lehman, and according to eFinancialNews there has not been a rush for the exits. The site reports that 95% of the people Nomura wanted to keep are still in place. This fits with our recent article in which a senior Nomura insider stated that no one would be leaving Lehman/Nomura because it was too risky to do and no where else is hiring anyway.
Dresdner's former head of capital markets sues over severance pay. (Bloomberg)
Citigroup and the magical disappearing writedowns. (DearJohnThain)
"It is unthinkable that Vikram could stay on if Citi requires more federal funds." (Financial Times)
Whitney expects banks to return to negative earnings. (Bloomberg)
JPMorgan sees another $400bn in bank losses. (Zerohedge)
Shares in Bank of America lost a quarter of their value on Monday. (Alphaville)
Bank of America's overseas workforce continues to grow . (NewsObserver)
Bank of America and Merrill Lynch haven't actually merged their investment banks yet. (Wall Street Journal)
Morgan Stanley raises $1.1bn for a new private equity fund of funds. (Wall Street Journal)
Darling's attempt to revive the securitization market. (Bloomberg)
HSBC cuts 100 jobs in Hong Kong private banking. (Bloomberg)
Evolution hires two from SocGen. (Financial News)
Get out of banking. Get into blogging. (Wall Street Journal)
The ex-Mrs Hedgefund. (Amazon)
