An especially difficult interview question from Susquehanna International Group is doing the rounds today. Paul Kedrosky has posted it on his Infectious Greed blog and is soliciting responses. It goes like this:
Five guys, all of different ages, enter a bar and take a seat at a round table. What is the probability that they are seated in ascending order of age?
If you think you know the answer, please leave it in our comments box below.
Separately, Insurance Daily has a story about rich people working in the Insurance industry.
It says actuarial professionals working on Solvency II are now earning more than 1k a day and typically receiving four offers of work each. This is nearly double what they earned last year and could be good for a while: the implementation deadline for Solvency II is December 2012.
The EU is thinking of introducing a Tobin tax to bolster its finances. (Financial Times)
Some people on the Bank of England's financial policy committee wanted to put a cap on bankers' bonuses, but they were talked out of it. (Financial Times)
Goldman Sachs is increasing its Brazilian workforce by 20% this year. (Bloomberg)
Nomura has hired 3 FIG bankers and Richard Snow, former head of investor relations and ex-head of M&A at Vodafone as it rebuilds its M&A team. (Financial News)
Paunchy bald investment banker who 'hardly radiates power' could be next CEO of Goldman Sachs. (Reuters)
Macquarie wants to hire for debt capital markets in Asia. (Bloomberg)
Nepotism may be an issue in the UAE. (Bloomberg)
Icap hired 200 staff into its IT division last year and plans further aggressive recruitment in the next nine months. (Financial News)
ICAP currently has one job in London - for a Russian speaking voice broker. (ICAP)
"The banking industry is an ideal target for. Psychopaths." (Financial Times)
Study finds web trolls get a feeling of abandon similar to drunks. (News.com.au)
How to wear socially acceptable shorts in the office. (MSNBC)