JPMorgan's Madoff Problem, Cuomo Turns Up the Heat

• JPMorgan had concerns about Bernie Madoff this fall and decided to pull its own money from Madoff's fund. Why didn't the bank inform its clients? [NYT]
• Andrew Cuomo plans to expand the scope of his investigation into the bonuses paid by Merrill Lynch. [WSJ]
• BofA is planning to defer bonus payments to some staff this year. [FT]
• UBS has cut its bonus pool for 2008 by more than 80 percent. [BN]
• Wall Street bonuses totaled $18.4 billion in 2008, down from about $33 billion in 2007. [NYT, BW]
• Last year will go down as the worst for new home sales since 1982. [WSJ]
• Ford reported a net loss of $5.9 billion for the fourth quarter. [CNN]
• Interested in a Bernie Madoff action figure? You're in luck. [Clusterstock]