• The market is kicking off the week on a positive note. [CNN, WSJ]
• The investigation into Bernie Madoff's scheme is now focused on some of his biggest investors: Jeffry Picower, Stanley Chais, and Carl Shapiro. [WSJ]
• Bradley Ruderman, the founder of LA-based Ruderman Capital Partners, has been arrested and is charged with bilking investors out of $44 million. [DB]
• Steve Rattner is making waves again, although it has nothing to do with the unfolding pension fund scandal. It's his construction of a $15 million summer home on Martha's Vineyard that is now angering neighbors. [P6]

• BlackRock and Bank of New York Mellon are vying for control of Barclays PLC's fund unit, and thus the title as the world's biggest fund manager. [BN]
• More on the troubles still plaguing the Treasury Department. [WaPo]
• Lloyds chairman Victor Blank has announced he'll step down next year. [BN]
• State Street says it plans to return its bailout money shortly; it also announced plans to take a $3.7 billion loss this quarter. [DB]
• More layoffs at Dan Loeb's Third Point hedge fund. [Dealbreaker]