Things we're reading today include …
Call for security 'conditions' on exchange tie-ups - Financial Times
Exchange mergers: Back for more - The Economist
Banks resigned to losing staff over Project Merlin bonus rules - The Telegraph
China's shadow-banking system: Trust belt - The Economist
Hong Kong stock exchange is open to offers - The Independent
eBay 2011 Analyst Day - Payments News
The euro area's debt crisis: Hopes raised, punches pulled - The Economist