ALSO NOTED: Lehman Brothers wins with convertible offerings for Fannie; Morgan Stanley to sell private bank in Spain; and much

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Company News:
> Morgan Stanley to sell private bank in Spain. Article
> WaMu to close mortgage brokerage? Article
> Texas Pacific to invest in big Japan finance company. Article
> Lehman Brothers wins with convertible offerings for Fannie. Article
> New direction for Fidelity fund. Article
> E*Trade deal a coup for Citadel? Article

Industry News:
> More on Florida fund crisis. Article
> Moody's may lower MBIA ratings. Article
> What is the ABX telling us? Article
> Why financial firms take on so much risk. Article

And Finally... Poker star Chip Reese passes away. Obit