ALSO NOTED: More on selective layoffs at Goldman Sachs and other top banks; Subprime index hits new lows; and much more...

Company News:
> Thornburg Mortgage aims to issue convertible shares. Article
> RBS cuts back in the U.S. due to credit turmoil. Article
> SCBT Financial to buy two South Carolina banks. Article
> Good marketing: Fidelity warns of guaranteed income gap. Article

Industry News:
> European banks struggle with short-term debt woes. Article
> More on selective layoffs at top banks. Article
> Freddie Mac profits slide. Article
> Subprime index hits new lows. Article
> Credit crunch hitting small businesses. Article
> More defaults on investment homes. Article

Regulatory News:
> As expected, charges against Quattrone formally dismissed. Article

And Finally... Gunman holds hostages in Chicago bank. Article