Swinging to new lows

BofA and Citi sell-offs send banking shares to 17-year low. (FT)

FBI serves billionaire in Virginia; SEC investigates whether firm was Ponzi. (WaPo)

Treasury and Fed plan to subsidize shadow banking system of hedge funds, private equity. (NYT)

After firestorm of protest, Murdoch‘s Post offers qualified apology for cartoon likening Obama to chimp. (BBC)

Kerry, Ellison, Baird tour Gaza; Kerry’s is highest-level visit from US official since Hamas took power two years ago. (AP)

Times suspends dividend payments, long a source of cash for Sulzberger clan. (Bloomberg)