27-year-old former Goldman Sachs analyst Eugene Plotkin was sentenced to 57 months in clink Thursday, for his part in a $6.7m insider trading scandal.
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.
Here's a note of Thomson Financial's Top 25 M&A League Table for deals announced in 2007.
Here's a note of which firm topped the league tables in a variety of Thomson Financial M&A league tables for 2007.
Here's three Thomson Financial 2007 global debt and equity-related final league tables.
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.
In the good old days, before US subprime came and bit us all on the behind, bankers were checking into places like the Priory, seeking cures for BAD (bonus anxiety disease). Now it's JAD (job anxiety disease).
Here's the latest missive from our 'Highly Placed Professional'.
Here's a note of the winners and losers in the global stock markets in 2007:
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.