• Goldman Sachs has posted its first quarterly loss since becoming a public company. The bank says it lost $2.1 billion during the fourth quarter. [CNN]
• BoA is cutting a number of top execs as it merges with Merrill. [WSJ]
• More on Bernie Madoff's biggest losers: Tremont Group had $3.3 billion, or more than half its assets, invested with him. [Bloomberg]
• Madoff's sons do not appear to have been involved in the scam. [NYT]
• Arthur Levitt denies he gave Madoff special treatment as ex-SEC chair. [NYP]
• A fresh fraud: Daniel Laikin, the CEO of National Lampoon, has been charged with securities fraud. [DB]