The onset of the great depression of the 1930s brought a spike in banker suicides. Will Rogers noted of the time, “When Wall Street took that tail spin, you had to stand in line to get a window to jump out of, and speculators were selling space for bodies in the East River.”
Winston Churchill – the day after Black Friday – observed, “Under my very window a gentleman cast himself down fifteen stories and was dashed to pieces, causing a wild commotion and the arrival of the fire brigade,”
Nearly eighty-five years later the phenomenon of banker suicides appears to have returned.
The week of January 20th would be the last for Swiss Re AG communications director Tim Dickenson but wouldn’t be the last in a string of deaths and suicides for International bankers.
Just days after Dickenson’s death on January 26, police found former Deutsche Bank executive Bill Broeksmit in his South Kensington London home after he’d hung himself.
The next day on January 27, JP Morgan senior manager Gabriel Magee, jumped 500 feet to his death from JP Morgan’s central London Headquarters he was a 39-year-old
A few days later on January 29, Cheif Economist for Seattle based Russel investments, Mike Dueker, was reported missing by friends, he was found later at the base of a 50-foot embankment. Police called it a suicide.
On February 4th, in a bizarre manner of death, the coroner ruled Suicide for Richard Talley, 57, who founded American Title Services in Centennial, Colorado. He had a total of eight wounds to his body and head – the method of death – a Nail Gun.
Last week on, February 17th, Dennis Li Junjie jumped to his death, shortly after lunch, from a the roof of the Asian headquarters for JP Morgan – he was only 33.
In the last eight months there have been at least 12 reported deaths of bankers perishing under questionable circumstances.
High-stress banking careers are being blamed for the recent suicides. However, the answer may not be that simple.
Returning to the program, via Skype from his New York office, to give us insight into these deaths is Gerald Celente publisher of the Trends Journal.
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