Subprime Writedown: Losses Per Employee

Monday, May 19, 2008 | 06:51 AM

Here Is The City (London's fastest growing financial website) put together a terrific chart: The Credit Crunch In Context.

It shows what the write-down losses work per per (wholesale banking) employee work out to be for each of the big banks and brokers.

The numbers are rather astounding:      

>

Company . . . . . . Writedowns . . . . . . Losses Per Employee
1. Mizuho Financial Group - $5.5bn in writedowns, 2,000 wholesale banking employees, $2,750,000 per employee.

2. Wachovia - $7bn, 3,900, $1,794,872 per employee

3. UBS - $37bn, 22,000, $1,681,818 per employee

4. Citi - $40.9bn, 30,000, $1,363,333 per employee

5. Bank of America - $14.8bn, 20,000, $740,000 per employee

6. Merrill Lynch - $31.7bn, 48,100, $659,044 per employee

7. Dresdner Kleinwort - $3.3bn, 6,000, $550,000 per employee

8. Credit Agricole - $6.9bn, 13,000, $530,769 per employee

9. Barclays Bank / Barclays Capital - $7.7bn, 16,200, $475,309 per employee

10. JPMorgan Chase - $9.8bn, 25,000, $392,000 per employee

11. Deutsche Bank - $7.6bn, 20,000, $380,000 per employee

12. SG Corporate & Investment Banking - $3.9bn, 10,500, $371,429 per employee

13. Morgan Stanley - $12.6bn, 38,050, $331,143 per employee

14. Credit Suisse - $6.3bn, 20,000, $315,000 per employee

15. Lehman Brothers - $6.6bn, 30,000, $220,000 per employee

16. Goldman Sachs - $4.1bn, 30,000, $133,667 per employee

17. BNP Paribas - $1.7bn, 13,000, $130,769 per employee

Astonishing . . .

>

Source:
An Incredible League Table - The Credit Crunch In Context
Here is the City, 17/05/2008   
http://news.hereisthecity.com/news/news/business_news/7869.cntns

Monday, May 19, 2008 | 06:51 AM | Permalink | Comments (23) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8341c52a953ef00e552537ea78834

Listed below are links to weblogs that reference Subprime Writedown: Losses Per Employee:

Comments

I hereby offer my services to any of the top 3 money losers for only $1 million per year. I promise to not come to work, to not do anything, to just cash the checks you send me.
I will be a huge upgrade from your current staff.

Posted by: Jessica | May 19, 2008 7:03:54 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner