Why are so many bankers committing suicide?

Nothing has changed since 2013 except the coverage. More bankers getting ‘suicided’ is expected as the economy takes a turn for the worst, corruption gets buried and large financial losses go punished.

The dead banker list reloaded:

 

https://thenypost.files.wordpress.com/2016/06/rossi.jpg?w=325&h=488

David Rossi, 51, a communications director at Monte dei Paschi di Siena, fell three stories from the bank’s Italian headquarters in March 2013. Photo: Reuters

 

 

Three bankers in New York, London and Siena, Italy, died within 17 months of each other in 2013-14 in what authorities deemed a series of unrelated suicides. But in each case, the victim had a connection to a burgeoning global banking scandal, leaving more questions than answers as to the circumstances surrounding their deaths.

The March 6, 2013 death of David Rossi — a 51-year-old communications director at Monte dei Paschi di Siena, the world’s oldest bank — came as the institution teetered on the brink of collapse.

Rossi was found dead in an alleyway beneath his third-floor office window in the 14th-century palazzo that served as the bank’s headquarters.

A devastating security video shows Rossi landing on the pavement on his back, facing the building — an odd position more likely to occur when a body is pushed from a window.

‘Yes he killed himself. But there’s a question: could it be suicide by extortion… There’s a couple suspicions I have.’

 – Val Broeksmit, on his stepfather’s suicide

The footage shows the three-story fall didn’t kill Rossi instantly. For almost 20 minutes, the banker lay on the dimly lit cobblestone, occasionally moving an arm and leg.

As he lay dying, two murky figures appear. Two men appear and one walks over to gaze at the banker. He offers no aid or comfort and doesn’t call for help before turning around and calmly walking out of the alley. Continue reading

Veteran JPMorgan banker Jimmy Lee dies suddenly

Another added to the bankers list.

 

Jimmy Lee, one of the foremost investment bankers of his generation, has died suddenly, JPMorgan Chase said on Wednesday.

Jamie Dimon, chief executive of JPMorgan, said Mr Lee, 62, “was a master of his craft, but he was so much more — he was an incomparable force of nature”.

He died in hospital on Wednesday morning after being taken ill during exercise, one person familiar with the matter said. Continue reading

Dead Banker List – Number 36 Geert Tack

The 52-year-old private banker from Haaltert was described as flawless, sporty, sleek and successful.

The 52-year-old Geert Tack on 5 November left from his home in Haaltert to his work, but he never arrived. A detection message was distributed and there was a search location near the Zwin, which was found his abandoned car.

On December 3, the body was found on the coast of Ostend and removed from the water. The prosecutor confirmed today that it is Geert Tack, but it is still awaiting further results of the autopsy for the exact cause of death. The results of toxicological testing are not yet known. Parquet floor states that the body showed no outward signs of violence.

Continue reading