• Eight bank CEOs will appear in front of the House this morning to defend their use of billions in bailout money. Expect serious fireworks. [Reuters, BN, WSJ]
• Four top execs at Merrill Lynch took home $121 million in bonuses just before the firm was sold to Bank of America. [WSJ, BN, NYDN]
• More on the lukewarm reception to Tim Geithner yesterday. [NYT, BN]
• Credit Suisse reported a fourth-quarter loss of $5.2 billion. [BN]
• Both Goldman and Morgan Stanley have suggested that they want to give the government back the billions they took in bailout funds. [NYT]
• RBS is cutting 2,300 jobs. [Reuters]