Opening Bell: 10.08.09

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GS, JPM Profit Probably Rose as Citigroup Lost Again (Bloomberg)
Incredible, isn't it? If you thought that was breaking, get a load of this: "We're seeing a bifurcation of the banking industry between the haves and the have-nots," said Matt McCormick a banking-industry analyst at Bahl & Gaynor Inc. in Cincinnati, which manages $2.5 billion.
German Probe Won't Target Deutsche Bank Executives (WSJ)
A formal criminal investigation has been opened in the case of the DB shareholder who was spied on, though the probe doesn't target the bank's chairman, chief executive or other management board (supposedly this was the job of lower ranking staff).
BofA To Face 12 Angry Taxpayers In Trial (NYP)
The SEC has demanded a trial by jury in the Merrill losses case.
No Longer A Vik-Tim (NYP)
This is an article based on Vikram Pandit getting a passing grade from the consulting company brought in by the FDIC. Here's how it starts: "Citigroup CEO Vikram Pandit has gone from goat to hero."

Coke Didn't Make America Fat
(WSJ)
An essay, by the CEO of the Coca-Cola Company. ("If we're genuinely interested in curbing obesity, we need to take a hard look in the mirror and acknowledge that it's not just about calories in. It's also about calories out.")
Bill Ackman's call hurts Realty Income Corp. (Reuters)
"Word just gets around on what he says and what he is thinking, and I can't think of another reason why that stock is down so much today," said Richard Moore, analyst at RBC Capital Markets. Moore did not attend the conference in Texas but heard about Ackman's call from sources.
In Merrill's Failed Plan, Lessons for Pay Czar (NYT)
Keep a close eye on employees who might be risking it all in the pursuit of a fabulous office.

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