ALSO NOTED: Merrill to return to profitability soon?; Rising level 3 assets to explode at top banks?; and much more...

Company News:
> Goldman Sachs underwriting for RBS. Article
> National City to raise $7 billion. Article
> Union calls for Citi break up. Article
> J.C. Flowers drops Provident bid. Article
> Analysts bearish on MF Global. Article
> Jefferies misses estimates, sells shares. Article
> Citigroup analyst: Merrill to return to profitability soon. Article

Industry News:
> PR news: Wall Street Journal editor expected to resign. Article
> Rising level 3 assets to explode at top banks? Article
> PE firms eyeing financial services. Article
> Trader snap up puts on top banks. Article

And Finally... A teacher's lessons for business execs. Article