• Tim Geithner was sworn in as Treasury Secretary last night. William Dudley is expected to take over for Geithner at the New York Fed. [BN, NYT, WSJ]
• Nomura announced a quarterly loss of $3.8 billion yesterday. [DB]
• Barclays says it plans to write down an additional $11 billion for 2008. [NYT]
• Tremont, the hedge fund that invested in Madoff, may shut down soon. [NYP]
• Vikram Pandit has hinted that Citi may abandon plans to buy a new jet. [CS]
• John Paulson is continuing to rake in lots of money. [BN]
• 78,000 people were laid off by public companies yesterday. [NYP]
• Stan O'Neal? He's a lousy tipper, just so you know. [NYP]
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Wall Street
Geithner Takes the Oath, Banks Continue to Post Losses
Wall Street
Goldman's First Loss, More Madoff
• 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]
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