• The unemployment rate jumped to 8.1% last month, the highest it's been since December 1983 and above expectations for an 8% rate. [WSJ, NYT, BN]
• A "trading irregularity" at Merrill may have cost the firm hundreds of millions of dollars. Naturally, no one seemed to notice any of this until after the bank was acquired by BofA and Merrill handed out record bonuses. [BN, DB]
• Wells Fargo has slashed its quarterly dividend to a nickel a share. [WSJ]
• Citigroup may sell its stake in Japan's second-largest online broker. [DB]
• Would you like to invest in the bailout? You may get your chance. [WaPo]
• Did you lose your finance job? How about a job at Cantor Fitzgerald? [DB]