ALSO NOTED: More on HSBC's losses in the U.S.; Poor timing: Wachovia deal for Golden West; and much more...

Company News:
> Poor timing: Wachovia deal for Golden West. Article
> Schwab clients trade more actively. Article
> More on HSBC's losses in the U.S. Article
> Citigroup amends Nikko deal. Article
> Barclays writes down $2.7 billion. Article

Industry News:
> More on China banks entering U.S. Article
> Money funds set aside more reserves. Article
> Pay issues rankle hedge fund employees. Article
> Big writedowns good for stocks? Article
> Big PE firms need to change strategies? Article 

Regulatory News:
> MA complaint names Bear Stearns in hedge fund case. Article

And Finally... 18 nabbed in Atlantic City sports gambling bust. Article