Tuesday's Headlines: More Stock in Citigroup Bonuses

Citigroup is using more stock in bonuses paid to employees, including investment bankers and traders. [Bloomberg]

Hedge fund Highbridge Capital has eliminated its event-driven team. [Finalternatives]

The SEC is recommending that brokers be required to act as fiduciaries, or put their client's interests before their own. [NY Times]

Bank of America replaced HSBC Holdings as the world's most valuable banking brand. [Bloomberg]

Compensation for U.K. asset managers is rising as firms try to match an upsurge in banking salaries. [Reuters]

MBA graduates in Canada are a hot commodity, as the impacts of the global financial crisis largely remain muted. [FT]