Sital Ruparelia

Over the last few week’s London’s financial markets site “Here In The City” has been running a financial markets job loss league table.

The figures are based on their best ball part numbers based on conversations with banks and press announcements:

Here is their most updated league table below:

Bear Stearns – 7,500 job losses, 14,000 financial markets jobs, 53.5% of the total

Wachovia - 1,200, 3,900, 30.7%

Citi – 7,900, 30,000, 26.3%

Royal Bank of Scotland / ABN AMRO – 7,000, 28,000, 25%

WestLB – 1,530, 6,120, 25%

Fortis / ABN AMRO Asset Management – 490, 2000, 24.5%

Thomas Weisel Partners – 160, 800, 20%

UBS – 4,380, 22,000, 19.9%

Bank of America – 3,650, 20,000, 18.2%

Lehman Brothers – 5,000, 30,000, 16.6%

Mizuho Financial Group – 300, 2,000, 15%

Morgan Stanley – 5,400, 47,050, 11.4%

Jefferies & Co – 250, 2,200, 11.3%

Fitch Ratings – 130, 1,400, 9.2%

Merrill Lynch – 5,600, 63,100, 8.8%

Fidelity International – 170, 2,000, 8.5%

Credit Suisse – 1,500, 20,000, 7.5%

Dresdner Kleinwort – 450, 6,000, 7.5%

HSBC – 1,800, 25,000, 7.2%

Goldman Sachs – 2,200, 32,000, 6.8%

JPMorgan - 1,620, 25,000, 6.5% (Speculation is rife that the firm will layoff up to 4,000 more bankers soon).

Moody’s Investor Services – 180, 3,000, 6%

Thomson Reuters – 2,500, 50,000, 5%

Henderson Global Investors – 45, 980, 4.6%

Nomura Holdings – 440, 10,000, 4.4%

Daiwa SMBC Europe – 25, 800, 3.1%

Deutsche Bank – 600, 20,000, 3.0%

Barclays Capital – 320, 16,200, 1.9%

BNP Paribas – 145, 13,000, 1.1%

SG Corporate & Investment Banking – 110, 10,500, 1%