The numbers, which have been closely followed in political circles, showed unemployment rising to 7.9 percent from 7.8 percent last month, hitting the average estimate of economists surveyed by Bloomberg. In a separate Bloomberg survey, economists estimated the U.S. would gain 125,000 jobs after adding 114,000 jobs last month.

While the jobs report has been overshadowed in recent days by the storm that rocked the East Coast, halting U.S. markets for two days and raising the specter of a delayed report, job stats have been a focal point amid a presidential campaign that has often focused on the slow pace of recovery in the U.S. economy.

Last month, after the unemployment rate dipped below 8 percent for the first time since 2009, former General Electric CEO Jack Welch questioned the validity of the numbers on Twitter, implying that the numbers had been doctored by the federal government to aid President Obama's re-election campaign.

The Bureau of Labor Statistics revised the non-farm payroll jobs gained in September upward to 148,000, from 114,000, and said that Hurricane Sandy didn't have a material affect on this month's report.

Mr. Welch has yet to tweet on the October job numbers.

Elsewhere on Wall Street:

Royal Bank of Scotland said it would probably face fines over charges it manipulated inter-bank lending rates such as Libor.

The eight "systemically important" U.S. banks: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and Wells Fargo.

America's midsize banks, including U.S. Bancorp and PNC Financial, are opening their own lobbying shops, according to Bloomberg, in a nod to their differing imperatives from larger Wall Street banks.

Rhode Island is suing Barclays, Wells Fargo and former Boston Red Sox pitcher Curt Schilling over inadequate disclosures pertaining to a $75 million loan the state facilitated for Mr. Schilling's video game company, 38 Studios.

"What can we make of this Barclays FERC thing? Besides, like, ha ha ha Barclays you sure like manipulating things?"

Market Folly has notes on David Einhorn's Iron Ore short idea.

The Times’sPeter Lattman on the Bruce-Bharara Bromance: "Before ripping into “Death to My Hometown,” a rollicking Celtic-inspired anthem, Mr. Springsteen shouted, “This is for Preet Bharara!” (Mr. Springsteen name-checks Mr. Bharara a YouTube clip about 22 seconds in.)"

Straight talkin' James Gorman told The Financial Times that pay cuts would continue: “What the Street has historically done is when revenues went up, they kept the comp-to-revenue ratio flat. They rank comp by ratio. When revenues went down, they increased the comp-to-revenue ratio because they said, ‘We might lose all our people. We have to increase it.’” The Morgan Stnaley CEO added: “That’s a classic Wall Street case of ‘Heads I win; tails you lose.’ The current Wall Street management is a little tougher-minded about that and shareholders are certainly tougher-minded.”

Royal Bank of Scotland suspended a trader for trying to rig the Singapore dollar interest rate swap, according to Bloomberg. The trader, Chong Wen Kuang, was named in the lawsuit of Tan Chi Min, who is suing RBS for wrongful dismissal after being fired for trying to manipulate interbank lending rates.

The Department of Justice and New York State Attorney General Eric Schneiderman are among authorities investigating Credit Suisse over mortgage-backed securities, according to Reuters.

Mr. Schneiderman is said to have so-called tolling agreements with 12 banks, allowing the prosecutor to continue his investigation into mortgage-securitization practices at the firms beyond the statue of limitations.

Greek Prime Minister Antonis Samaras said his country will be out of cash by the end of November if it doesn't receive the next bailout installment from its European neighbors.

Spanish finance minister Luis de Guindos told an audience of academics that “Spain doesn’t need a bailout at all” ... and the academics laughed.

Dave & Buster's pulled its initial public offering yesterday, citing market volatility.

Junk bond issuers looking to pay interest rates with bonds instead of cash set off alarm bells, according to the Journal.

U.S. and European officials may step up sanctions against Iran after the nation's currency, the rial, fell 40 percent against the dollar over the last two weeks.

Put a $65 million bounty out for the man who can win the heart of your lesbian daughter, and all sorts of undesirables come calling. Sacha Baron Cohen, for instance ...

Goodbye Smith Barney: Morgan Stanley is rolling out a name-change for the 75-year-old brand, according to The New York Post. The brokerage, jointly-owned with Citigroup, will be called Morgan Stanley Wealth Management. In its heyday, Smith Barney was known for its advertising slogan: “They make money the old fashioned way: They earn it.”Regarding name-changes, your favorite Charlotte-based lender spend some time pondering whether Bank of America Merrill Lynch was too much of a mouthful for its investment bank.

Rajiv Goel, the former Intel employee whose testimony helped convict Galleon Group founder Raj Rajaratnam of insider trading last year, was sentenced to two years probation and force to disgorge more than $260,000 for his participation in Mr. Rajaratnam's scheme.

Lawyers for Peregrine Financial Group founder Russell Wasendorf Sr., who pleaded guilty to stealing millions from customers of his futures brokerage, want their client released on bail pending sentencing.

The International Monetary Fund wants more austerity measures from Greece. Greek Prime Minister Antonis Samaras is twisting arms.

A new book on Angela Merkel draws parallels between the German leader and Don Corleone.

DoubleLine Capital CEO Jeffrey Gundlach is offering $1 million for the safe return of a painting by Piet Mondrian that was stolen from his Santa Monica, Calif. home last month, and another $500,000 for the return of works by Jasper Johns and Joseph Cornell.

A hedge fund makes it (a little bit) easier for investors to pull money out.

Per The Wall Street Journal:

RBS, 82%-owned by the British government, is in talks with U.S. and U.K. authorities over a long-standing investigation into whether RBS's dealings with Iran breached U.S. sanctions, according to a person familiar with the matter. Commerzbank, meanwhile, warned in a recent securities filing that it could face larger-than-expected penalties stemming from U.S. investigations of its dealings with several countries, including Iran.

As we understand the issue, foreign banks already did business with Iran, then U.S. sanctions made certain types of business—routing Iranian transactions through U.S.-based banks, for instance—illegal, but the banks weren't ready to give up the fees they earned on Iranian business, at least not right away. Which is understandable. Fees are fees, and besides, you fucking Americans, who are you to tell us, the rest of the world, that we’re not going to deal with Iranians? Not to mention that apparently, everyone else was doing it!

O.K. But every time we read about another one of these Iran probes, we think of the Mahmoud Reza Khavari, the Iranian banker who's been on the lam for the last year after Tehran prosecutors rolled up a $2.6 billion embezzlement scheme. Yes, that's the same embezzlement scheme that led to four death sentences and 35 sentences of 10 years to life imprisonment. So maybe the banks in question were smart enough to realize its better to flout American anti-money laundering law than steal from the Iranian government. Sanctions aside, we could think of clients we'd rather have. On the brighter side, all these tales of Iranian dealings perpetuates are conception of bankers to the Middle East as James Bond-sian figures.

Day-trading settlement: The Financial Industry Regulatory Authority is expected to enter a settlement today with Swift Trade founder Peter Beck, and The Wall Street Journal as a long and excellent piece on the Hungarian-born entrepreneur's global operations. Mr. Beck founded Swift in 1998 after reading about internet trading on an airplane; By 2008, the network employed about 4,000 traders in places like Romania, China and Nicaragua, where the firm could hire on the cheap. Swift also took an aggressive stance towards the law, failing to create a supervisory structure, creating an atmosphere in which traders reportedly manipulated prices.

Post-whale world: The type of hedge fund that profited on JPMorgan's $5.8 billion trading loss in credit derivatives are looking attractive, Reuters reports, as investors seek less volatile investments. The obvious question (which probably has an obvious answer) is whether the credit funds are more stable, or just found themselves in the right place to take advantage of the trader known as the London Whale.

Whither Europe: Deutsche Bank blamed a 46 percent drop in a second-quarter earnings on the European debt crisis. BBVA said net income fell 58 percent, as Spain's real estate crisis weighed on earnings. Things may be getting worse: the bank will set aside more than 3 billion euros against souring real estate loans in the second half of the year, after provisioning 1.43 billion euros in the first six months. Greece is running out of cash to pay everyday expenses such as police department salaries and pension disbursements. Unemployment in the eurozone rose to 11.2 percent.

Tale of the tiger (cub): As a student at the University of Virginia, John Gerson talked his way into an internship at Julian Robertson's Tiger Management. Then joined John A. Griffin when the former Tiger deputy founded Blue Ridge Capital. Now Mr. Gerson, 37, has raised $1.2 billion to found a fund of his own, Falcon Edge Capital.

Fall guy? As Royal Bank of Scotland negotiates a Libor settlement with authorities investigating the bid-rigging matter, CEO Stephen Hester may be forced to leave his job ahead of plans.

Taking medicine: Nomura Holdings, Japan's biggest brokerage, faces unspecified penalties after regulators recommended that the firm be disciplined after employees participated in insider trading schemes by leaking information about public offerings.

Soccer riches: Manchester United set a range of $16 to $20 a share in updated documents describing its initial public offering; at a midpoint of $18 a share, the offering would value the British soccer club at $2.95 billion.

Market crash: The bottom is falling out of the market for used private jets, according to The New York Post, hitting the one percent in their wallets.

Kohlberg director out: Christopher Lacovara, one of two managing directors at Kohlberg & Co., the private equity firm founded by Jerome Kohlberg, has left the firm to pursue other opportunities. Kohlberg & Co. was founded by Jerome Kohlberg, who also co-founded buyout giant KKR.

Muni-rigging trial: Three former UBS employees go on trial today on charges they fixed bids on municipal bond investment contracts. Three employees of GE Capital were convicted on similar charges in May, though those defendants have asked the trial judge to toss out that verdict; banks have paid more than $700 million to settle charges arising from the probe that lands the former UBS bankers in court today.

Rapid rise: Matt Zames, the JPMorgan executive elevated by CEO Jamie Dimon to staunch losses on positions amassed by the trader known as the London Whale, is a "mathematician and a poet," apparently. The 41-year-old graduate of MIT's Sloan School of Business took charge of the firm's chief investment office in May to wind down positions that led the bank to billions in losses. Last week, Mr. Zames was named co-chief operating officer, placing him in charge of more experienced executives such as chief financial officer Doug Braunstein and head of regulatory affairs Barry Zubrow.

Whither Europe: European Central Bank president Mario Draghi has gone on the offensive, first signaling that the ECB would not allow the euro to fail, then working to build consensus for a plan to ease the region's sovereign debt woes. Count Paul Krugman as among the doubters. CEOs in London for the Summer Olympics are privately voicing concern about the state of the British economy, according to The Financial Times.

Hard to do: Bank of American explored a possible breakup in 2010 and 2011, The Wall Street Journal reports, but decided against splitting off Merrill Lynch or Countrywide units.

Drink up: Funds that invest in tangible assets such as wine, art and classic cars are attracting investors amid fears that the world's currencies are unstable.

Not so fast: The Securities and Exchange Commission froze the accounts of traders who allegedly made $13 million illegally trading ahead of the Chinese offshore oil explorer Cnooc's $15 billion acquisition of Calgary-based Nexen last week.

Provisions: HSBC set aside $700 million to cover U.S. regulatory matters after the bank was scolded by Congress for lax anti-money laundering standards and amid ongoing inquiries into Libor-rigging at banks worldwide.