ALSO NOTED: Top Wall Street banks trading at huge P-B discounts; NYSE Euronext still focused on integration; and much more...

Company News:
> HSBC targeting wealthy in Japan with new branches. Article
> Activist investor targeting HSBC. Article
> National City to also pare jobs in mortgage unit. Article
> NYSE Euronext still focused on integration. Article
> Bank of America, China Construction in leasing venture. Article

Industry News:
> Top Wall Street banks trading at huge P-B discounts. Article
> Buyers still avers to commercial paper. Article
> Home equity loans dry up. Article
> Activist warn mutual funds on Darfur links. Article
> Mortgage foreclosures set record. Article
> Mortgage foreclosures and delinquencies state by state. Article

And Finally... Luxury goes mass market. Article