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Lunch Wrap

On FT Alphaville this morning,

Bonfire of the Bears? Bank stocks soared in morning trade.

-  Buoyed mainly by late Friday news of the Ambac split. Time perhaps, to introduce, Connie Lee?

-  Or is it all a question of a fooled Britannia?

- Correlation crisis? Why hedge funds haven’t suffered – and how they might.

-  “M&A advisers should be paid by the hour for their advice”. So continues the great banker bonus debate.

-  Party in the face of adversity, news from the CLSA super-conference

- And Monday’s Markets Live transcript is available online, here.

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