As the economic and financial crisis deepens, a number of financial markets firms are considering yet another round of job cuts. Here's our own lay-off league table (the current total exceeds 133,000).

The figures below are based on our best estimates for job losses since August 2007.

In many cases, the firms themselves won't confirm (for obvious reasons) the number of staff they are letting go. Note that these job losses relate to investment banking, asset management and private banking jobs only.

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

Lehman Brothers - 14,500, 30,000, 48.3%

Wachovia - 1,400, 3,900, 35.8% (Wachovia's new owners, Wells Fargo, is thought unlikely to want to have to deal with an investment banking business in the current environment. The smart money thinks that the unit will either be sold of pared back even further)

Bank of America / Merrill Lynch - 29,260, 83,100, 35.2%

Legg Mason Capital Management - 40, 120, 33.3%

UBS Investment Bank - 7,400, 22,300, 33.1%

Citi - 7,900, 30,000, 26.3% (the firm has recently announced an additional 52,000 job cuts via natural wastage, unit sales and layoffs. The investment bank is again thought likely to be significantly impacted).

Credit Suisse - 5,620, 21,300, 26.3%

Commerzbank / Dresdner Kleinwort - 1,800, 7,200, 25%

WestLB - 1,530, 6,120, 25%

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

Royal Bank of Scotland / ABN AMRO Global Markets & Banking - 5,000, 22,000, 22.7%

JPMorgan / Bear Stearns - 5,500 25,000, 22%

Barclays Capital / Lehman Brothers - 5,450, 26,200, 20.8%

Gartmore - 110, 530, 20.7%

Perry Capital - 20, 100, 20%

Ramius LLC - 40, 200, 20%

Thomas Weisel Partners - 160, 800, 20%

UniCredit - 700, 3,500, 20%

Fidelity International - 370, 2,000, 18.5% (rumours abound that an additional 400 staff are now to be laid-off in Europe and Asia)

Goldman Sachs - 5,700, 32,000, 17.8%

AIC Ltd - 53, 300, 17.6%

Jefferies & Co - 410, 2,568, 15.9%

Nomura Holdings / Lehman Brothers - 1,580, 10,000, 15.8%

Morgan Stanley - 7,400, 47,050, 15.7%

New Star Asset Management - 60, 380, 15.7%

Mitsubishi UJF Securities (Europe) - 90, 590, 15.2%

BlueBay Asset Management - 30, 200, 15%

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

Natixis - 840, 5,600, 15%

Nikko Cordial Securities (part of Citigroup) - 1,000, 7,000, 14.2%

HSBC - 3,200, 25,000, 12.8%

Deutsche Bank - 2,400, 20,000, 12.0%

BlackRock - 500, 5,600, 11.2%

Fortress Investments - 100, 900, 11.1%

ING Wholesale Banking - 2,100, 20,000, 10.5%

Carlyle Group - 100, 1,000, 10%

Lazard - 245, 2,450, 10%

Fitch Ratings - 130, 1,400, 9.2%

Janus Capital Group - 115, 1275, 9%

Renaissance Group - 100, 1,200, 8.3%

GMP Capital - 37, 475, 7.7%

Macquarie - 1,000, 13,000, 7.6%

Fidelity Investments - 3000, 42,500, 7.1%

Blackstone - 70, 1,000 - 7%

Barclays Global Investors - 330, 4,720, 7.9%

BNP Paribas - 1,120, 16,000, 7%

State Street - 2,000, 29,200, 6.8%

F & C Asset Management - 60, 900, 6.6%

Bank of Montreal (BMO Nesbitt Burns) - 150, 2,400, 6.25%

Barclays Wealth - 500, 8000, 6.25%

AIG Investments - 117, 1,950, 6%

Moody's Investor Services - 180, 3,000, 6%

TD Securities - 180, 3000, 6%

Calyon - 750, 13,000 - 5.7%

Thomson Reuters - 2,500, 50,000, 5%

Legg Mason Inc. - 200, 4,220, 4.7% 

Henderson Global Investors - 45, 980, 4.6%

Northern Trust - 500, 11,200 - 4.4%

Bank of New York Mellon - 1,800, 43,000, 4.2%

Franklin Templeton - 350, 8,800, 3.97%

CIBC World Markets - 100, 2,600, 3.8%

RBC Capital Markets - 133, 3,700, 3.6%

Susquehanna International Group of Companies - 50, 1,500, 3.3%

Charles Schwab - 350, 13,500, 2.6%

Schroder Investment Management - 50, 2,300, 2.1%

SG Corporate & Investment Banking - 200, 10,500, 1.9%

Putnam Investments - 47, 2500, 1.9%

AllianceBernstein - the firm has announced a round of layoffs (October 2008), but job losses numbers are not available.

Collins Stewart is said to be getting ready to restructure its capital markets business.

Rabobank International (The bank is currently reviewing its London operations and jobs will go from the 800-person unit once the restructuring has been firmed up).

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

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