Having met with various UK banks and persuaded them to adhere to its new bonus guidelines (no multi-year guarantees, 40-60% deferrals, clawbacks, lots of stock), the Treasury is now getting ready to invite international banks in London over for tea and cakes in the hope that they’ll swallow the same package.

The Telegraph reports that JP Morgan, Goldman Sachs, Deutsche Bank, UBS and Morgan Stanley are all likely to be invited to meet Treasury Minister Lord Myners later this week.

However, while British banks like RBS were positively thrilled about Darling’s proposal to inflict new bonus rules upon them, international houses seem less excited at the prospect. According to The Times, they’re consulting their lawyers.

JPMorgan looking internally for a candidate to replace Winters. (Financial News)

Charlotte vs. Boston in battle to decide the successor to Ken. (Financial Times)

Nomura doubling headcount in the US this year. (Financial Times)

Citigroup hires equities salesmen in Munich and Frankfurt. (Financial News)

Standard Chartered hires global heads of equities and equity research from Deutsche in Hong Kong. (Bloomberg)

Moelis hires Morgan Stanley’s head of consumer banking in London. (Businesswire)

Is BarCap underpaying its analysts? (Dealbreaker)

When Morgan Stanley nearly died. (Reuters)

When RBS nearly died. (The Times)

Goldman owed $1bn if CIT goes bankrupt. (CNBC)

Banks are unlikely to be able to secure enough capital on private terms, or if they manage to (say by retaining earnings) their stock prices will be under pressure and bank management will be under pressure to increase returns. That will lead to a combination of getting into riskier activities and “freeing up capital” which is a fancy way of saying use even more off balance sheet vehicles. (Naked Capitalism)

Do banking and problem gambling go hand in hand? (The Times)

Former fund manager’s failed business idea: children’s nursery with onsite hairdressing. (The Times)