Citi on the edge

US in talks to expand stake in Citi to 40%; Pandit, under the gun, pens missive to employees. (WSJ)

Clinton tells Chinese talk show audience that their government needs to continue buying US Treasury bonds because “we are rowing in the same direction.” (LAT)

Dolan named Archbishop of New York, highest Catholic post in US. (AP)

Schapiro moves quickly to improve enforcement at SEC. (NYT)