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The Balance Sheet (Special Bear Stearns Edition)

Published: Mar 21, 2008

 Finance       
Number of Bear Stearns employees worldwide expected to lose their jobs as result of the acquisition by JPMorgan: 8,000

Job cuts announced by UBS in 2008: 8,000

Job cuts announced by Citi in 2008 : 6,000

Percent of Citi Markets & Banking employees laid off since the mortgage crisis began: 10

Percent of Bear Stearns New York-based workforce expected to lose their jobs as a result of the JPMorgan acquisition: 50

Year that Bear Stearns went public: 1985

Highest price that Bear Stearns' shares traded for in 2007: $159

Per-share price offered by JPMorgan to buy Bear: $2

Dollar amount offered by JPMorgan to buy Bear: $236 million

Value of Bear Stearns' Madison Avenue office building: $1.2 billion

Per-share closing price of Bear Stearns' shares on March 21, 2008, five days after JPMorgan's offer: $5.96

Dollar amount that Visa raised in its March 20, 2008, IPO, the new U.S. record that was lead-managed by JPMorgan and Goldman Sachs: $17.9 billion

Percent increase in the value of Visa's shares after their first day of trading: 28.4

Percent decrease in Goldman Sachs’ first-quarter 2008 net income versus a year earlier: 52

Percent increase in Goldman's share price on the day it released the results: 13

Percent decrease in Lehman Brothers’ first-quarter 2008 net income versus a year earlier: 57

Percent increase in Lehman's share price on the day it released the results: 38

Percent decrease in Morgan Stanley’s first-quarter 2008 net income versus a year earlier: 42

Percent increase in Morgan Stanley's share price in the two days since it released the results: 16

Percent decrease in Credit Suisse's share price on the day it announced it expects to post its first quarterly loss since 2003: 37

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