• The government is in talks with Citigroup to raise its stake in the beleaguered bank to between 25 and 40 percent. [WSJ, DB]
• Federal regulators plan to review the financial condition of 20 banks this week as part of a round of "stress tests." [NYT, BN]
• Regulators have seized Allen Stanford's companies in Antigua and Barbuda; Stanford has also surrendered his passport to U.S. authorities. [Reuters]
• Shares in UBS have fallen to an all-time low as the bank continues to reel from allegations of tax fraud. [Reuters, DB]
• Even Dubai needs a bailout these days: The UAE said yesterday it will give the once-highflying emirate $10 billion. [WSJ]
Steve Feinberg's Cerberus is closing down its Hong Kong office. [FT]
• Hedge funder Richard Perry is cutting fees to keep investors happy. [WSJ]
• The SEC is now in hot water over its handling of insider-trading accusations involving former executives at Lehman Brothers. [NYT]