• Following a similar move by Morgan Stanley last week, Citigroup and Bank of America are raising base salaries for bankers. It's designed to make up for the new limits on annual bonuses (and won't make up for the difference, by any means), so don't expect shouts of joy at either bank today. [WSJ]
• Bank of America has scraped together another $5.9 billion, which means it's now 76 percent of the way toward filling its $33.9 billion capital hole. [WSJ]
• New York State Controller Thomas DiNapoli is cutting ties with 10 hedge fund managers as part of the state's pension corruption investigation. [DB]More
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Roundup
Wall Street: Wednesday Morning
Gossip
Jay-Z Gets Richer

- Jay-Z is in talks to sell a stake in his 40/40 club to the owners of Las Vegas' Venetian and Palazzo hotels for $44 million. The deal would also allow the club to expand to Europe, a continent clamoring for overpriced Cristal. [Page Six]
- The Olbermann-Page Six kerfuffle: apparently Olbermann doesn't want his network's new "citizen journalists" to appear on his show because they were picked as part of a contest with MySpace, which is owned by Rupert Murdoch's News Corp. [Page Six]
- Adrian Grenier has dumped girlfriend Isabel Lucas, possibly because he didn't like that she was with Shia LaBeouf during his drunken car crash three weeks ago. [People]
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