The Balance Sheet (Second Quarter 2009 Edition)
Published: Jun 16, 2009
Closing price in dollars of Citigroup’s shares on June 16, 2009: 3.25
Unemployment percentage rate in May 2009 in Arlington, Virginia, the “best city to ride out a recession,” according to BusinessWeek: 4.3
National unemployment percentage rate in May 2008: 5.5
National unemployment percentage rate in May 2009: 9.4
Number of countries out of a total of 48 that Dutch financial services giant ING Groep will exit over the next few years: 10
Approximate number of business units ING plans to sell over the next few years, in hopes of raising about $10 billion: 15
Percentage of 2009 college graduates with jobs as of May 2009: 20
Percentage of 2008 college graduates with jobs as of May of 2008: 26
Percentage of 2007 college graduates with jobs as of May 2007: 51
Number of homes listed for sale for under $10,000 in Detroit, Michigan, in March 2009: 1,800
Number of jobs that the Obama administration says it will create this summer: 600,000
Number of job losses in the U.S., on average, per month from November 2008 through April 2009: 643,000
Average total 2008 compensation in dollars of the CEOs at TARP-participating banks with more than $10 billion in assets: 11,000,000
Approximate amount in dollars for which AIG is selling its 66-story and 16-story New York City headquarters: 100,000,000
Estimated worth in dollars of the buildings two years ago: 315,000,000
Value, in dollars, of shares soon to be repaid to the U.S. government under its Troubled Asset Relief Program by 10 firms, including JPMorgan, Goldman Sachs, American Express and Morgan Stanley: 68,300,000,000
Approximate value of total assets, in dollars, that the new firm BlackRock Global Investors will have when BlackRock completes its $13.5 billion acquisition of Barclays Global Investors from Barclays PLC: 3,000,000,000,000