• Not such good news for Bank of America and Citigroup this morning: It looks like both have come up short on the so-called stress tests conducted by regulators and may be forced to raise billions in additional capital. [WSJ]
• Will Ken Lewis hang on as Bank of America's CEO when shareholders meet this week at the bank's annual meeting? It's a toss-up at the moment. [NYT]
• The Justice Department is investigating three AIG execs for committing securities fraud and a range of other financial crimes. [CBS News]
• The SEC is investigating 150 hedge funds, including various "Ponzi schemes and misappropriations," according to the agency's chief Mary Schapiro. [DB]
• Not such a hot idea: Mary Schapiro says she's now Twittering. [LAT]

• Deutsche Bank posted a $1.6 billion profit in the first quarter; the bank also announced that it will keep its CEO on for another three years. [FT, DB]
• Money manager Wilbur Ross says he's willing to invest as much as $1 billion in the Treasury Department's Public-Private Investment Program, which is designed to relieve banks of their toxic assets. [WSJ]
• Following a surprising bidding war, Bernie Madoff's scandal-plagued investment firm is expected to sell for as much as $24.5 million. [DB]
• Private jet manufacturers think sales will be down for at least the next two years, since execs have been so shamed after buying them. [BN]
• New York City's personal income tax revenues plunged 51 percent in the first 24 days of April compared to the same period a year ago. [Reuters]
• If your auditor calls in sick today, be afraid: Health officials have confirmed a case of swine flu in an employee at Ernst & Young in NYC. [CBS News]