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Editor's note: Morning Scan will not publish on Monday, Feb. 15 in observance of the Presidents' Day holiday. We'll be back on Tuesday, Feb. 16. Receiving Wide Coverage ...

AIG Makes Deal with Activists: It looks like American International Group will live to see another day – and without activist investor pressure. The insurer formed a pact with activist investors Carl Icahn and John Paulson: In exchange for two seats on the board, Icahn and Paulson will...

Receiving Wide Coverage ... Yellen vs. Congress, Round 1: Caution was the word during the first of two days of Federal Reserve Board Chair Janet Yellen's semiannual testimony before Congress. While she wouldn't signal the central bank's plan as far as interest rates are concerned, she did confirm that falling stock prices and the volatility seen in other financial markets concern the Fed. But Yellen did not give way to doomsday predictions either. While she expressedÂ...

Receiving Wide Coverage ...

CEO Slashes Bonus: Credit Suisse chief executive Tidjane Thiam has asked his company's board to cut his bonus. His request comes just days after the bank reported a loss of roughly $5.88 billion in the fourth quarter, which led to a 12% drop in price in the company's stock on the Zurich exchange Thursday. The larger-than-expected quarterly loss resulted from a write-down following a reassessment of the value of Credit Suisse's investment...

Barclays' Barbara Byrne talks about the impact of conferences, events and endless reports on the state of women's advancement in the workplace. Wall Street women still make 40% less than their male counterparts, the government finds. Could the next U.N. leader be a Bulgarian woman? And a legendary woman in tech on how to achieve gender parity. Also, Cathy Bessant, Louise Roseman and Barbara Boxer.

Wall Street Journal

Regulators are putting more pressure on compliance officers at large banks and, as a result, turnover in the job category has soared. Banks have been pressed to hire more compliance officers in recent years to deal with the crush of new regulation. But at the same time, many are getting out of the job. About three dozen senior bank compliance officers quit their jobs last year, according to the headhunter firm Sheffield Haworth....