Tuesday's Headlines: 2010 Looks to be a VERY Good Year for Pay

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Despite a slew of bad news on bonuses and hiring, pay on Wall Street could reach an all-time high for the second straight year. [WSJ]

Citigroup plans to hire 7,500 staff in China over the next three years and add commodities traders and private bankers in North America. [Bloomberg]

Morgan Stanley fired a software developer after he allegedly violated the firm's code of conduct when a subway conversation led to an ill-advised video profile of himself.

[WSJ]

CEO and other senior level hiring is on the rise, with financial institutions focusing on new revenue opportunities created by growth in emerging markets and wealth management. [Marketwatch]

Credit Suisse's hiring of ex-Morgan Stanley banker David Chene may signal the firm's return to distressed debt after it closed the business in late 2008. [Financial News]

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