Banks cherry-pick from redundancy fallout

Dealers and brokers alike were scrambling to interview outgoing salespeople from Lehman Brothers' European business in London last week. "Barclays London and HSBC are doing lots of interviewing," said one London-based headhunter.

"Talk in Canary Wharf is that a handful of Lehman staff have been snapped up by Credit Suisse," said another, although the Swiss dealer was not confirming reports. "We haven't placed anyone as yet, but we're working hard at it," said one recruitment consultant. "Almost