eFinancialCareers

Santander’s takeover of Alliance & Leicester is imminent and the Spanish bank wants to ensure there’s not an exodus of talent post-acquisition. A&L’s four executive directors have therefore been offered a 125% retention bonus if they stick with the firm for a year after Santander arrives on the scene. The top earning executive, chief exec David Bennett, earns a base of £600k, while finance director Chris Rhodes hauls in £450k. (Independent)

“In the US, we would love to find an acquisition in wealth management, with particular focus on high-net-worth individuals, to kick-start our growth plans.” (Financial Times)

London’s position as top financial centre under threat? (Financial News)

Morgan Stanley facing £9m lawsuit over Irish mortgage cock-up. (Times)

City superwoman takes top spot at Alliance. (Telegraph)

Bras and guitars as investors seek out alternatives. (Bloomberg)

Hedgie who triggered Amaranth collapse back in business. (HedgeWeek)

Fannie Mae bailout rests on $223bn bond repayments. (Bloomberg)

Lehman’s unlikely to sell its asset management arm after all…. (DealBook)

Do belt-tightening and job fears mean no holidays? Not for this fella – a trader and internet entrepreneur – who’s about to spend $11k on a week’s holiday to Japan. Feeling slightly queasy now…. (TimothySykes.com)

Bank split three ways on rate rises. (Guardian)

If you’re going to fix the banks, get on with it already. (naked capitalism)

Private equity firm brings in ‘hired gun’. (Wall Street Journal)

Former hedge fund manager forced to pay back $300m in fraud case. (Reuters)

This guy literally LOVES money. (Dealbreaker)