Tuesday's Headlines: Bankers in Europe Could See New Pay Guidelines

Jefferies CEO Richard Handler said the investment bank plans to hire within its sales and trading business next year. [WSJ]

Wells Fargo is expanding its investment banking division and has hired several new managing directors to lead the business. [Bloomberg]

U.S and Swiss investment banks are considering plans to re-work salary structures by paying higher salaries and lower bonuses to bankers based in Europe. [FT]

Finra plans to closely monitor high-frequency trading firms in 2011, according to its chief. [Financial News]