Updated throughout the day.

Bank of America (NYSE:BAC) is in talks with Cuomo to settle legal issues involved with its buyout of Merrill Lynch (NYTimes)

The Federal Reserve made $45 billion in 2009. (Washington Post)

Soros Management and Citadel have hired employees from Galleon.  (Bloomberg)

Ford (NYSE:F) is open to new bids for Volvo (Dagens Industri)

Obama may put a new tax on banks to shrink the deficit and get back some of the money taxpayers put into the bank system.  (FT)

Oil production from Iraq could match Saudi Arabia (CNNMoney)

Douglas A. McIntyre