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The Latest Market News - Some Good, Some Bad

Bloomberg reports that Sandford C. Bernstein analyst Howard Mason has said that Citi may need to write down $12bn in CDO assets in the fourth-quarter, and boost provisions for bad debts by another $1bn. Mason says that Bank of America may be looking at fourth-quarter write-downs of $5.5bn, with JPMorgan Chase looking at around $1bn. These estimates are more bullish than those issued last week by Goldman analyst William Tanona, who projected that Citi would write-down $18.7bn and JPMorgan $3.4bn.

Merger Said On The Table As Top Firm Tries To Avert Crisis

John Thain and his executive team, it is claimed, didn't enjoy much festive cheer this Christmas and New Year. According to The Observer, Thain cancelled leave for his top executives as the firm desperately attempts to shore up its under-pressure balance sheet by raising additional capital.

Best Place To Work 2008 - The 32 Qualifiers & Draw

Here's a note of the Top 32 firms which have qualified for the next round of the Here Is The City 'Best Place to Work in the Global Financial Markets' Poll, together with a note of the draw for the first round of 'head-to-heads', which commence later this month.

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