JPMorgan Asset Management is showing how it’s done. After ushering no fewer than 44% of its staff out of the door over the past 12 months, Reuters reports that it may now be hiring again. The commitment to boost numbers isn’t exactly firm – chief exec Jes Staley is apparently contemplating adding headcount if ‘the global situation does not get worse’. Sadly for anyone hoping to join in London, the emphasis also looks set to be on emerging markets.

Profit at BNP investment bank falls 95%; revenues turn negative. (Bloomberg)

It’s ok: UBS execs won’t have to pay back last year’s bonuses. (Guardian)

‘Real’ reason JPMorgan closed prop desk: everyone was poached by Citadel. (FINalternatives)

PwC hiring 2,000 graduates in China. (Reuters)

Another 15% of headcount to be eliminated soon. (CNBC)

Those crazy bulls at RBS. (FT)

Goldman Sachs: has the leader become the laggard? (Wall Street Journal)

Bear market over, say Morgan Stanley (Independent) and Citigroup. (Seeking Alpha)

Big salaries, small bonuses, bad news for banks in a downturn. (CNN)

Man excavates house to extract home-made Lamborghini. (Telegraph)