Execution is continuing the full throttle hiring thrust which saw it take on seven people in September as it builds out the fixed income division it started in July.

Creditflux reports that Execution has recruited another five people for its agency credit business, and that it aspires to hire a further 11 by Q1. There are, however, signs that Execution may be scaling back its plans – in September it reportedly intended to bring on another 33.

Also hiring in the fixed income space, is – we understand – IllquidX, a boutique trading illiquid instruments, which is looking for eight salespeople or traders with a high yield/distressed/structured fixed income background.

The average bonus for traders at Goldman Sachs appears to be £1m. (Financial Times)

Tom King: co-head of corporate finance at Barclays Capital. (Reuters)

Scary thought: the Tories may be tougher on the City than labour. (Wall Street Journal)

"If state-owned banks such as RBS and Lloyds pay bonuses using shares, they would have to issue new equity, which would dilute the taxpayer’s holdings." (The Times)

City ‘insiders’ think George Osborne is a bit shallow. (The Mirror)

Don’t demonise bankers, says Hester. (Telegraph)

Banks’ support for private capital formation and investment in innovative activities is what’s important, not growth of financial sector employment. (Alphaville)

Simon Yates, co-head of European equities at Credit Suisse, is off for a sabbatical. (Wall Street Journal)

20 highest paid US executives under 40. (CNN)

John Mack on life inside the bunker. (YouTube)

Goldman's 'Chainsaw Massacre' Halloween party (MarketWatch)

Who’s hired in the City. (CityAm)