• It's expected to be a rough week ahead for financial markets. [Reuters, WSJ]
• The world economy is on track to post its worst performance since the Great Depression, according to a report by the World Bank. [CNN]
• The financial crisis seems to be "getting ahead" of Treasury Secretary Timothy Geithner, as if you weren't aware of that already. [NYT]
• The big beneficiaries of the AIG bailout: Goldman Sachs, Deutsche Bank, Merrill Lynch, and a handful of other banks both foreign and domestic. [WSJ]
• After canceling a trip to reward its top brokers, Citigroup gave out $3.5 million worth of gift cards to 2,000 people as a consolation prize. [NYP]
• Credit markets appear to be tightening up once again. [WSJ]
• JP Morgan and Goldman Sachs advised on Merck's $41 billion acquisition of Schering-Plough, which was announced this morning. [DB]
• Expect to see fewer foreign bankers living it up in NYC beginning this summer: Bank of America is withdrawing job offers made to foreign MBA students. [FT]