• The chief executives of nine Wall Street banks have been "summoned" to Washington to testify before Congress next week. [BN]
• UBS has held talks with Wachovia about combining their wealth management units; this comes amid the news UBS tried to sell its brokerage unit to Morgan Stanley late last year. [NYP, Reuters]
• After repeatedly saying it wasn't a possibility, Citigroup is now contemplating backing out of the $400 million deal to name the Mets' new stadium. [WSJ]
• Under pressure to boost lending, Citigroup says it will spend $36.5 billion to issue new mortgages and make credit card loans. [AP]
• Credit Suisse is cutting bonuses by 55%. [BN]
• What's BofA been doing with its bailout cash? Hosting parties. [ABC News]

Looks like Citigroup's attorneys at Skadden Arps have some more work to do! Last week, the bank slapped Brooklyn's All Citi pawn shop with a lawsuit for allegedly infringing on its trademark. But a reader points out that All Citi isn't the only pawnbroker using the "renowned" Citi name. There's also Citi-Pawn in Davie, Florida. If you work at Skadden and you bump into Ken Plevan in the hallway, please pass along the word. [Previously]

• Fashion Week will move from Bryant Park to Lincoln Center beginning next year. [NYT]
• Former frenemies Rachel Zoe and Nicole Richie kissed and made up at a party in LA last week. The hugfest went down in front of a cameraman filming footage for Zoe's reality show, though, so a bit of skepticism may be in order. [WWD]
• Macy's is eliminating 7,000 jobs. [BN]
• Jonathan Adler is launching a Barbie collection in 2009; it will include "designer pottery, pillows, decorative objects." [SW]
• Douglas Hannant tells the WSJ he's traveling the country and hosting events to sell his label. He also shaves five years off his age, but who's counting? [WSJ]
• Last week, Karl Lagerfeld said the recession wasn't having much of an impact on him; today he says he's fully embraced the "New Modesty." As for why he eliminated the VIP section at the Chanel show last week, it was to "create equality in an unfair world." Thanks for doing your part, Karl. [WSJ]
• The hot, new trend from Stockholm Fashion Week? Shaved heads! [Pipeline]

Here's comforting news for investors in Dan Loeb's hedge fund, especially those who may have been under the assumption the hedgie's been hard at work to make up for his disastrous performance in 2008: Loeb spent time at the World Economic Forum in Davos hanging out with fameseekers Julia Allison and Meghan Asha, and kindly flew the duo back to New York aboard his (rentable!) Gulfstream jet. We're sure his pleasant-sounding wife is positively delighted. [Gawker]

• The city is accepting proposals from restaurateurs interesting in taking over Tavern on the Green. Be advised you may have to do battle with current owner Jennifer Oz LeRoy, who has vowed to hang on to the landmark eatery. [NYO]
• Shang's Susur Lee earns a two-star review from Adam Platt this week. [NYM]
• Lunetta on Broadway and 21st Street has closed after 15 months. [Eater]
• Kyle Bailey is replacing Neil Ferguson at Allen & Delancey. [NYT]
• Yet more tax trouble for the Cipriani clan. [NYP]
• Mega-restaurateur Stephen Starr, Alto owner Chris Cannon, and broker Steven Kamali on the troubles facing the city's restaurant economy. [NYT]
• Another ex-Hawaiian Tropic hostess is suing for sexual harassment. [NYDN]
• Mention the word "bailout" at the Chocolate Bar at Henri Bendel between now and the end of the month and you'll get a free brownie. [New Yorkology]

Bernie Madoff landed on Saturday Night Live this past weekend with Fred Armisen playing the alleged scamster. The skit involves Madoff trying to get his friends/victims to come over to his Super Bowl party. You can watch the clip—and hear Armisen's excellent old-Jewish-guy-from-Queens accent—after the jump.

Vanity Fair Reuses 2007 Obama Cover for March 2009 Issue [NYO]

Remember late last year when Mayor Bloomberg announced plans to charge a 6-cent tax on plastic bags at grocery stores? The mayor downgraded the fee to 5 cents last week. The bad news is that it will now apply to all plastic bags, not just the ones from grocery stores. More bad news: This probably means more people are going to start carrying those FEED bags that Lauren Bush has been pushing for so long. [NYT]

Morgan Stanley shed about 7,000 jobs in 2008, but it appears more pain is on the way. The Journal reports that the firm plans to lay off an additional 1,500 to 1,800 people (about 3-4% of its work force) later this month, cuts that are expected to be made "across a broad range of units." [WSJ]

Peggy Siegal invited a media-heavy crowd to the Oak Room last night to watch the Super Bowl. Sports Illustrated editor Terry McDonell was in attendance (apparently, budget cuts prevented him from flying to Tampa in person); and some folks, such as former HarperCollins chief Jane Friedman, left, even donned 3-D glasses to fully appreciate the commercials. Others on hand for the festivities: Richard Johnson, Ron Perelman, Dan Abrams, Dave Zinczenko, Joanne Lipman, Charlie Rose, George Rush, Richard Meier, Cece Cord, Kate Betts, Gay Talese, Rocco DiSpirito, Chuck Scarborough, Francine LeFrak, Andrew and Nancy Jarecki, Ron Delsener, Ken Auletta, Larry Gagosian, Lewis Lapham, Steve Kroft, Lloyd Grove, Morgan Entrekin, Ann Dexter-Jones, Harry Smith, Liz Smith, Cynthia McFadden, and Felicia Taylor. [PMc, NYO, GoaG, Fox 411]

Robert De Niro's Nobu has agreed to pay out $2.5 million to settle a class action lawsuit brought on behalf of 200 workers, who sued the sushi chain in 2007 for forcing them to share tips and failing to pay overtime wages. Each plaintiff in the case will receive $3,300, except for four workers who recruited other "victims," who will take home an additional $10,000 apiece. The balance? That will go to Maimon Kirshenbaum, naturally. [NYP]

The news that Luke Janklow and his wife Julie were divorcing first surfaced two weeks ago, and last week the couple's townhouse hit the market for $24.95 million. But the literary agent to the rich and famous (such as Anderson Cooper and Gwyneth Paltrow) hasn't been sitting at home mourning the dissolution of his marriage. We hear that Janklow is now dating Jessica Joffe, the flame-tressed social scenester and occasional model/writer who was famously involved with singer Ryan Adams until last year.

You missed your chance to swoop in like a vulture and take advantage of some of the poor souls who lost everything to Bernie Madoff's Ponzi scheme. Over the weekend, Palm Beach's Kofski Antiques held a two-day "Madoff Estate" sale and offered up the possessions of two Madoff investors who lost their fortunes as part of the alleged fraud. Included in the mix was a $3,000 mink coat and $3,850 crystal horse head. Then there there was this set of Eureka Grand Baroque Sterling flatware, which went for a mere $350. Don't be too disappointed if you missed out, though. Kofski's owner says he has another Madoff sale in the works, as well as a sale by a "top executive of Lehman Brothers." Excellent! We're totally buying one of Dick Fuld's old squash racquets.

• The broadcast of Super Bowl XLIII generated solid results for NBC, even though ratings were down 6% from last year. [THR]
• Super Bowl commercial hits and misses. [AdAge, NYT, AdWeek, AdAge]
• NBC reports its Super Bowl spots generated $206 million. [B&C]
• A last-minute deal will allow David Pecker to keep AMI out of bankruptcy and he'll get to keep his job. But he'll now have a new board to deal with. [NYP]
• Michael Boodro is out as editor of Martha Stewart Living. [NYP]
• Is Vibe in trouble? [Gawker]
• David Carr on the problems plaguing Condé Nast. [NYT]
• Fox's Taken was No. 1 at the box office this weekend. [THR]

Bernie Madoff isn't just taking a psychological toll on members of his family and the people he's accused of defrauding. Judge James Peck, who is overseeing the liquidation of Madoff's firm as well as handling the bankruptcy of Lehman Brothers, was arrested and charged with third-degree attempted assault and second-degree harassment after allegedly slapping his wife at their Park Avenue apartment on Saturday evening. Peck was released without bail, although he'll be returning to court to face (another) judge on March 16th. [NYP]

Perhaps your heart didn't bleed much when magazines like Vogue and Elle got skinnier and skinnier—it's all part of the Darwinian decline of print, right? The news that $2,000 dresses are no longer exactly flying off the racks? You can rest assured that truly talented designers will weather the storm. And if you were one of the many people to be cut from Marc Jacobs's guest list this coming Fashion Week, that's a blow, of course, but there's always next season. But you'd have to be made of stone to be unaffected by the plight of the six-foot, preternaturally beautiful young models from Eastern Europe and South America whose fees have been halved as budgets for ad campaigns and shows are cut to the bone.

Williamsburg Photos Du Jour [newyorkshitty.com]

You'd think Citigroup would have bigger things to worry about these days than paying $1,000-an-hour lawyers to face off against a rinky-dink pawn shop in Brooklyn. Think again. Last week, the banking giant filed suit against All Citi Pawn on Neptune Avenue in Brooklyn for ripping off the bank's name and logo. In court papers, Skadden Arps' Ken Plevan, argued that the pawn shop is "tarnishing the extraordinary reputation of Citi," which he (rather generously) described as "one of the largest and most renowned banking and financial services institutions in the world." The bank is now suing All Citi for trademark infringement, dilution, false designation of origin, and unfair competition. But can a business that is profitable (which we're guessing the pawn shop is) really "dilute the value" of Citigroup when it's the bank—and not the pawn shop—that has reported record losses and had to rely on a government bailout to stay afloat?

Praise be the wonders of modern medicine: If you're a woman who plans to have more than one child, but you understandably want to pop them out according to a specific schedule while also minimizing the disgusting fat phase, IVF is the obvious solution. Instead of waiting around to conceive naturally and hoping for the statistically slim chance of twins, you can just stick a few embryos in at once and ta-da, you've got an insta-family. As Page Six magazine reports, for a certain breed of Manhattan wife—one whose husband can afford to pay for their precious offsprings' lives to begin in a test-tube to the convenience of all concerned—twins are a status symbol and "a conspicuous sign of wealth." But as always, there's no such thing as free lunch: Trying to get two places at an elite pre-school is hellishly stressful, you know.

• Fashion photographer David LaChapelle's two-bedroom pied-à-terre at 170 Second Avenue is now up for sale for $1.65 million. The apartment has been discounted by $100,000 since first hitting the market this fall. [NYM, PDE]
• Furniture designer Vladimir Kagan and his wife, needlepoint artist Erica Wilson, have sliced $1 million off the price of their 3,840-square-foot co-op at 1185 Park Avenue, which they put on the market for $8.75 million in December. [Cityfile, Corcoran]
• After spending more than two years in contract, it looks like artist Jeff Koons should soon be closing on the purchase of a six-story townhouse at 11 East 67th Street. The home was originally listed for $18.75 million; Koons is expected to pay in the neighborhood of $10-12 million. [NYT]
• Former Newsday publisher Raymond Jansen has lowered the price of his home in Lloyd Neck to $1.99 million, down from the original asking price of $2.795 million. [Newsday, Sotheby's]