Citi Sale?! - - - Shares of Citigroup jumped in premarket trading on reports that its Board of Directors is meeting to discuss selling off pieces of the bank - or the whole enchilada. [RULE]
Layoff/Employment Watch - - - BNY Mellon Announces Cuts; Mayer Brown Lays Off Lawyers; AXA Wields Axe ... on Comp; . [WHO]
"Wall Street Workforce Still Needs to Shrink" - - - Wall Street's employment levels are back down to their 2005 levels, but that doesn't begin to compare with how many years of growth the industry has shed, according to Clusterstock's Joe Weisenthal. [BTN]
R&B: Recovery & Bailout - - - 0% Fed Funds Rate; . [BTN]
Citi Watch - - - Citi Rumors Getting Strange; Citi Trades Below $4; Citi's Market Cap vs. Treasury's Cash Injection; What If Citi Issued New Common Stock; Citi Presses for Short-Selling Ban. [WHO]
Citi CFO Crittenden: Share Price Doesn't Matter - - - Gary Crittenden, Citigroup's CFO, held a conference call today with some Citi investors, and assured them that the fallout in the price of the bank's shares would have no effect on the ability of the bank to operate. Can we get a 2nd opinion? [WHO]
Rule News Quick Takes - - - NY Insurance Regulator Takes Seat on CDS's; Treasury to Support a Frozen MMF; Paulson: More Hedge Oversight; NYSE Reg: Depth Guidelines; NYSE Reg: DMM Stock Reallocation, Allocation (get linked); IOSCO: Intl Regulators to Address Short Selling, Unregulated Products. [RULE]
FINRA's SFAB Election - - - FINRA member firms in the Midwest Region (Districts 4,8) and the South Region (Districts 5,6,7) can now vote to elect their new representatives to the Small Firm Advisory Board. [RULE]
SEC Litigation Releases - - - Jack Calvin's Prime Bank Scheme; Malaysian Resident Committed Internet Hijacking. [WWW]
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