Incredible chart porn from Here Is the City (HT Felix), showing how much firms have either written down or lost per wholesale banking employee:
The breakdown (headcount estimates are Here Is the City’s own):
1. Mizuho Financial Group – $5.5bn in writedowns / credit losses, 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