The Asset Write-down League Table


When I was an analyst in an investment bank, I had to spend a disproportionate amount of time on whipping up the best looking league tables by tweaking various parameters and recording such tweaks in minuscule font. Here is one that no banker would touch with a 10-feet pole:

From Here is the City News
Last updated: 18/01/2008

  1. Citi - $32.1bn
  2. Merrill Lynch - $19.3bn
  3. UBS - $13.7bn
  4. Morgan Stanley - $10.6bn
  5. Credit Agricole (Calyon) - $3.7bn
  6. Barclays Bank - $3.3bn
  7. Deutsche Bank - $3.2bn
  8. Bank of America - $3bn
  9. JPMorgan - $3bn
  10. Bear Stearns - $2.8bn
  11. Royal Bank of Scotland - $2.5bn
  12. Credit Suisse - $2bn
  13. Goldman Sachs - $1.7bn
  14. Lehman Brothers - $1.5bn
  15. WestLB - $519m

The worst is yet to come, my dear friends.

BRACE! BRACE!

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