The News: Making the Sausage of Financial Reform

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Republicans held their ground last night, successfully blocking a vote to close debate on the Senate's financial reform bill. However, given strong public support for the measure, it's not clear how long the GOP's unity will hold, and most observers expect the proposal will move to the next phase of debate - the one leading to probably enactment - sometime this week.

Talks continue as GOP senators block advance of financial overhaul bill [Washington Post]

Citigroup Revamps Trading Algorithms Amid 'Arms Race' in Stocks [BusinessWeek]

Citigroup wins dismissal of 'baseless' suit over brokers' signing bonuses [InvestmentNews]

Banks plan new round of analyst hires [Financial News]

Math Whizzes Turn to Tech Startups [Crains NY]

Wall Street jobs just ain't what they used to be.

Morgan Stanley Smith Barney to pare branches [Fierce Finance]

Wells Fargo Sees Big Growth in Independent Broker Network [Wall Street & Tech]

BofA's Krawcheck to expand wealth unit abroad [Reuters]

NYC Says Tax Data Shows Financial Firms Curbed Bonuses [Wall Street & Tech]

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