Needless to say, investment banks have massively increased front office salaries. Boutiques, which were immensely popular as employers immediately after the (first wave of the) financial crisis, generally haven’t. As a result, they are considerably less appealing as employers than they once were.

However, now that banks are starting to look shaky and make redundancies, some boutiques are trying to reinvent themselves as the virtuous face of moderation.

Evolution, for example, does not appear to have increased salaries. Last Friday, chief executive Alex Snow described banks as ‘complete morons’ for increasing base pay only to cut jobs. Snow didn’t eliminate the possibility that Evolution might hire a few people if banks keep trimming them.

The number of FSA staff earning 100k has tripled. (Telegraph)

Osborne plans to cut Treasury headcount by 25% through people leaving for banks ‘natural attrition.’ (Financial Times)

Doom for anyone still working at Candover. (Guardian)

Brazilian bank Bradesco wants to hire 14 people in Luxembourg, and some brokers in London. (Guardian)

31m bonus for two BlueGold hedge fund managers. (Sunday Times)

Top UK companies don’t want banks broken up. (Telegraph)

Further signs that JPMorgan has absolutely no intention of leaving London. (Telegraph)

Sorry we didn’t see it coming (a short song). (NPR)

Permission to think” will be “restricted to a relatively small group of knowledge workers in the UK”. (Guardian)