Morning Newz

Banker-Pay Guidelines May Put Citigroup, Bank of America at Disadvantage (Bloomberg)
Not so says BAC! “We are focused on paying competitively in a way that aligns associate, shareholder and taxpayer interests,” said Scott Silvestri, a spokesman for Charlotte, North Carolina- based Bank of America.

Allen Stanford Granted Transfer After Jail Fight (NYT)
Federal District Judge David Hittner signed the order transferring Mr. Stanford to the federal jail in Houston without “the incident,” saying only that the big man needed to be moved ASAP or someone’s gonna get punched in the mouth: “Because of the unique circumstances present in this case, it is appropriate to order Stanford” be moved “no later than Thursday, Oct. 1,” the judge said in the order.

Paulson’s Plan (NYP)
JP is mulling over the idea of saving CIT Group through a merger with IndyMac.

FDIC Is Expected To Ask Banks To Pre-Pay $36 Bilion In Fees (NYT)
Sheila Bair’s gonna need that money now, thanks. Make it out to “SheBair.”

Cassano Is Back In US (NYP)
Joe and the wife have been staying at their home in Westport, which is more convenient than London for when he has to appear for questioning re: some shit that went down at his old job, and will provide the former AIGFP head with new bike routes.

JPMorgan Chase Announces Management Changes (JPM)
Bill Winters out, Steve Black named Executive Chairman of the Investment Bank, and Jes Staley named CEO of the Investment Bank, reporting to Steve.

SEC Weighs New Rules for Lending of Securities (WSJ)
Mary Schapiro said she wants to shine a light on the “opaque market” and will do so by holding a public round table discussion on the matter today. Come on down.

UBS Aims to Cut State Ties, Targets Recovery (Reuters)
CEO Oswald Gruebel is guessing the bank will make its triumphant return within the year.

Comment on this post below.