There are a few ruffled feathers at Credit Suisse First Boston's Canary Wharf offices. Staff in the equities side of the business read with great interest reports that CSFB is to offer huge guaranteed bonuses to keep top people.

Off they trotted to learn if some of the boodle might be coming their way, only to find they are, to use a Sam Goldwyn phrase, included out. Any such scheme will apparently apply only to corporate financiers and M&A staff.