$$$BofA Targets Up to $3 Billion in Additional Cuts [Bloomberg]
$$$Summers Memo Provides Peek at Crisis Aftermath [DealBook]
$$$Talks on Greek Debt Hit an Impasse [WSJ]
$$$Societe Generale, Credit Agricole Ratings Downgraded by S&P [Bloomberg]
$$$EU Banks Deepen Dependence on Unlimited Central Bank Loans [Bloomberg]
$$$ French bank celebrates its birthday by cancelling debts [GOOD via Atlantic Cities]
$$$Morgan chief executive James Gorman had to "baby walk" regulators through the compensation process, and point out that in addition to brokers, Bank of America also employs low-wage tellers and other staff in their branch offices, which depresses its overall ratio, a senior executive inside Morgan Stanley told FOX Business.What? [FBN]
$$$Jeep bursts into flames on I-95 [Stamford Advocate]
$$$EU's Barnier eyes fresh squeeze on bank pay [Reuters]
$$$ Zero economists think the gold standard is a good idea [Ideas Market]
$$$ "I’ve concluded that financial systems are better characterized as large-scale disinformation systems and that disinformation is at the core of how they function, not some tumor that can be excised to restore the patient to good health." [Interfluidity]
$$$Study: Hedgies Need To Make Strategies More Comprehensible [FINalternatives]
$$$Massive solar eruption to send radiation storm toward Earth [NYP]
$$$’Shrooms May Help Treat Depression: Study [Bloomberg]
