The News: BofA's Retention Plans Hold

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And now... Financial Bailout Chapter Two

U.S. Plots New Phase in Banking Bailout [WSJ]

Britain Announces New Bank Bailout [NY Times]


Bailout or no, BofA's brokers will still get their retention bonuses [InvestmentNews]

SEC nominee Schapiro will bulk up enforcement, but slow down IFRS [Journal of Accountancy]

Past performance makes wealthy investors skittish about hedge funds [Hedge World]

PrinceGoldsmith co-founder (Goldsmith) is starting his own recruiting firm [NY Times]

Co-President Singer leaves Ivy Asset Management; Island Brook's Fred Sloan moves into investment officer's chair [NY Times]

In case you hadn't figured this out: A number of banks will fail in 2009 [Jones Day]