♦ October will go down as one of the gloomiest months in history. [CNN]
♦ Barclays plans to raise $11.8 billion by selling shares to Abu Dhabi and Qatar in order to meet Britain's new capital requirements. [NYT, WSJ]
♦ The banks benefiting from the bailout also owe $40 billion in compensation to employees, just in case you were wondering where your tax dollars were going. [WSJ]
♦ Meanwhile, banking CEOs may be in talks to cap compensation. Or they may just be paying the idea lip service in this sensitive political climate. [WSJ]

♦ The Google-Yahoo partnership appears to have unraveled. [WSJ]
♦ Big cuts at Disney may be coming soon. [LAT]
♦ Ken Griffin's Citadel plans to wind down a $1 billion fund that invests in hedge funds. [Bloomberg]
♦ David Einhorn's Greenlight may have been hit hard by the VW short-selling debacle. [NYP]
♦ The Justice Department gave Verizon Wireless the go-ahead to buy Alltel in a $28 billion deal. [DB]
♦ GMAC, the auto finance provider controlled by Steve Feinberg's Cerberus Capital Management, has confirmed its plan to become a bank holding company. [DB]