CARGATE revelations create record-breaking # of banker suicides

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CARGATE revelations create record-breaking # of banker suicides

2014 banker suicides

From Wikipedia, the free encyclopedia
2014 banker suicides – There have been numerous banking and finance industry apparent suicides in 2014.[1][2][3]

At least five of the bankers who committed suicide were employed at or former employees of JPMorgan Chase & Co.[4]

On January 26, William Broeksmit, 58, a former senior risk manager at Deutsche Bank, was found hanged in a house in South Kensington, according to London police.

On January 28, 2014, Gabriel Magee, 39, a vice president with JPMorgan’s corporate and investment bank technology arm in the UK, jumped to his death from the roof of the bank’s 33-story Canary Wharf tower in London.

On January 31, Mike Dueker, chief economist at Russell Investments and a former Federal Reserve bank economist, was found dead at the side of a road that leads to the Tacoma Narrows Bridge in Washington state, according to the Pierce County Sheriff’s Department. He was 50.

On February 3, Ryan Henry Crane, 37, a JPM executive director who worked in New York, was found dead inside his Stamford, Conn., home. A cause of death in Crane’s case has yet to be determined as authorities await a toxicology report, a spokesperson for the Stamford Police Department said.

On February 18, a 33-year-old JPMorgan finance pro leaped to his death from the roof of the company’s 30-story Hong Kong office tower, authorities said. Li Junjie’s suicide marked the third mysterious death of a JPMorgan banker. So far, there is no known link between any of the deaths.

On February 28, Autumn Radtke, the CEO of First Meta, a cyber-currency exchange firm, was found dead outside her Singapore apartment. The 28-year-old American, who worked for Apple and other Silicon Valley tech firms prior to founding First Meta, jumped from a 25-story building, authorities said.

On March 11, 2014, Edmund (Eddie) Reilly, 47, a Manhattan trader at Midtown’s Vertical Group, jumped in front of an LIRR train at 6 a.m. near the Syosset train station.[5]

On March 12, 2014, Kenneth Bellando is thought to be the 12th financial professional to take his life in 2014.[6] Bellando was a employee at Levy Capitol Partners and was previously employed as an investment bank analyst at JP Morgan and Paragon Capitol partners. Bellando was the son of John Bellando, chief operating officer and chief financial officer at Condé Nast. His brother, John, a top chief investment officer with JPMorgan, works on risk exposure valuations. Several of John Bellando’s emails were cited during testimony at the Senate Finance Committee’s inquiry into the bank’s losses during the infamous London Whale trade fiasco.[7]

Many news outlets have been speculating on why so many bankers have committed suicide in 2014.[8][9][10][11] Some experts point to a deep-seeded guilt amongst bankers as they realize that they are harmful to to people in order to make money, “I tell people I’m a consultant, a lawyer, whatever — anything but a Wall Street guy.” [12][13][14][15]

See also
##Karl Slym

References

1.Jump up ^ “Financial world shaken by 4 bankers’ apparent suicides in a week — RT Business”. rt.com. Retrieved 21 February 2014.
2.Jump up ^ “Financial death toll rises to 6, as JP Morgan employee jumps from Asian HQ — RT Business”. rt.com. Retrieved 21 February 2014.
3.Jump up ^ Ritholtz, Barry (13 March 2014). “Why Are So Many Traders (Literally) Killing Themselves?”. bloomberg.com. Retrieved 13 March 2014.
4.Jump up ^ “Second JPMorgan Banker Jumps To His Death: Said To Be 33 Year Old Hong Kong FX Trader | Zero Hedge”. zerohedge.com. Retrieved 2014-02-21.
5.Jump up ^ Gray, Michael. “Trader Kills Self in Finance World’s Latest Suicide”. New York Post. Retrieved 2014-03-13.
6.Jump up ^ http://www.ibtimes.co.uk/levy-capital-partners-banker-kenneth-bellando-apparent-suicide-jump-1440812
7.Jump up ^ http://nypost.com/2014/03/17/investment-banker-leaps-to-his-death/
8.Jump up ^ http://www.businessinsider.com/why-wall-street-bankers-committ-suicide-2014-2
9.Jump up ^ http://business.financialpost.com/2014/03/13/new-york-financial-worker-jumps-in-front-of-train-why-are-traders-literally-killing-themselves/
10.Jump up ^ http://nypost.com/2014/03/18/string-of-suicides-rocking-financial-world-baffles-experts/
11.Jump up ^ http://thesource.com/2014/03/18/banker-found-dead-marks-twelfth-finance-suicide-to-date-this-year/
12.Jump up ^ http://www.businessinsider.com/young-bankers-are-miserable-2014-2
13.Jump up ^ http://www.theatlantic.com/business/archive/2014/02/the-woes-of-wall-street-why-young-bankers-are-so-miserable/283927/
14.Jump up ^ http://savannahnow.com/news/2014-01-08/banker-pleads-not-guilty-charges
15.Jump up ^ http://nypost.com/2014/03/18/string-of-suicides-rocking-financial-world-baffles-experts/

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