armstrongeconomics.com / Martin Armstrong / February 18, 2014
The string of suicides among the leading bank employees is indicative of the change in trend. The major Wall Street banks including Bank of America, Goldman Sachs, JP Morgan, Credit Suisse, subsequently told junior bankers to take more time off since the death at Bank of America last August of a 21-year-old Bank of America intern who died after reportedly working consecutive all-nighters at the bank’s London office.
Also last August, the finance chief at Zurich Insurance Group AG committed suicide and left a note blaming the company’s chairman for creating an unbearable work environment.
