A Bank Lay Offs Calculator


	A Bank Lay Offs Calculator

Forbes Markets

11-10-2008 10:17 AM

454 views

tags:

banking, jobs, credit crisis

Forbes Markets says:

A lot more to come, it seems

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b9a4ae31-8c1e-4611-9978-f8638209ed97/2B17C19A-D327-4410-AB7B-A0DA1E740B4D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.efinancialcareers.co.uk/newsandviews_item/newsItemId-15842" href="http://news.efinancialcareers.co.uk/newsandviews_item/newsItemId-15842" style="font-size: 11px;">news.efinancialcareers.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.efinancialcareers.co.uk/newsandviews_item/newsItemId-15842"><P>It’s becoming harder to find a bank that hasn’t already laid off at least 10% of its staff. But with revenues still catastrophically low, headcount reductions to date could prove a pinprick compared to what’s coming next. Based on average pay per head for the year so far, we’ve calculated how many more people each bank would need to cut in order to maintain its compensation ratio (compensation costs as a percentage of revenues) in line with 2007. The results range from the farcical (Merrill Lynch) to the disturbing (Credit Suisse), and the reassuring (Goldman and Morgan Stanley).    </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/2B17C19A-D327-4410-AB7B-A0DA1E740B4D/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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