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:

 

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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

Deutsche Bank lawyer found dead by suicide in New York

(Reuters) – A senior Deutsche Bank regulatory lawyer has been found dead in New York after committing suicide, New York City officials said on Saturday.

Calogero Gambino, 41, was found on the morning of Oct. 20 at his home in the New York borough of Brooklyn and pronounced dead on the scene, according to New York City police. Continue reading

52 Year-Old French Banker Jumps To Her Death In Paris (After Questioning Her Superiors)

There have been 13 senior financial services executives deaths around the world this year, but the most notable thing about the sad suicide of the 14th, a 52-year-old banker at France’s Bred-Banque-Populaire, is she is the first female. As Le Parisien reports, Lydia (no surname given) jumped from the bank’s Paris headquarter’s 14th floor shortly before 10am. FranceTV added that sources said “she questioned her superiors before jumping out the window,” but the bank denies it noting that she had been in therpapy for several years.

FranceTV and Le Parisien reports,

An employee of the Bred-Banque Populaire has committed suicide, Tuesday, April 22 in the morning at the headquarters of the bank. On her arrival at headquarters, quai de la Rapee, in the 12th arrondissement of Paris…

The incident occurred shortly before 10 am, 200 meters from the Ministry of Finance.

This is the 14th financial services exective death in recent months… Continue reading

Financial world shaken by 4 bankers’ apparent suicides in a week

The apparent suicide death of the chief economist of a US investment house brings the number of financial workers who have died allegedly by their own hand to four in the last week.

50-year-old Mike Dueker, who had worked for Russell Investment for five years, was found dead close to the Tacoma Narrows Bridge in Washington State, says AP. Continue reading