Supplementary to its recruitment of 750 people into its global equities business , BarCap is also indulging in a little commodities hiring. We’re not talking big numbers: it only wants 20, but they’re all traders and BarCap has already expanded its commodities group from 240 to 320 people this year.

Recruiters tell us BarCap has already been hiring commodities people in London, as has JPMorgan, which declared its intention of expanding in commodities at an investor day presentation earlier this year.

UBS rebuilding in equity sales. (Financial News)

Deutsche rumoured to hire team of advisors from Morgan Stanley. (Bloomberg)

US hedge fund Aladdin Capital holdings is expanding. (Reuters)

Are banks really coming back? (Investorsdailyedge)

UK hedge fund Centaurus Capital has cut staff 50% in the past year. (Financial News)

New voting structure would prevent UK blocking EU financial regulation. (Telegraph)

“It is perhaps easy for other European countries to make political capital out of demanding intrusive regulation of an industry of which they have little or no direct experience.” (The Times)

Banking executives will have their pay linked to long-term profitability under new rules designed to prevent a repeat of last year’s financial meltdown. (The Times)

When bonus season rolled around a few months later, my compensation again doubled to $300,000. I was also promoted, becoming the youngest vice president in the firm at the age of 26.(MarketWatch)