The 11 firms who cut the most jobs as a result of the financial crisis

The Titanic

Here's a note 11 firms who we estimate cut the most investment banking, asset management and private banking jobs as a result the financial crisis - in the two years or so post August 2007.

Lehman Brothers - 14,500

Bank of America / Merrill Lynch - 9,200

Citi - 7,900

Bear Stearns - 7,500

Morgan Stanley - 7,500

UBS Investment Bank - 7,400

Goldman Sachs - 5,700

Credit Suisse - 5,620

JPMorgan / Bear Stearns - 5,500

Barclays - 5,450

Royal Bank of Scotland - 5,000


Although Lehman Brothers went bankrupt, parts of the firm were taken on by Barclays and Nomura.

JPMorgan Chase acquired Bear Stearns

Bank of America acquired Merrill Lynch

Sources - Bloomberg, CNBC, Financial News, Financial Post, Here Is The City, Reuters, The Wall Street Journal

image: © Aiden

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