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The Banker Suicides – update

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I previously noted (here and here) how Zero Hedge has been tracking the strange run of “suicides” among the world’s mid-level bankers in the last couple of years. Scare quotes because the circumstances are mysterious in many of the cases. And because banks and financial markets have been doing great all this time, right?

Here’s the update.

  • In the end, 2014 saw 36 of these deaths. (ZH gives the list. Any pattern?)
  • The trend continues in 2015, with four mid-level banker deaths, so far.
  • They include yet another ABN Amro executive – this one well-known as a “cheerful” boyfriend of hot models – and yet another JPMorgan guy – this one who said openly on LinkedIn, “I am very good and creative with data manipulation…and can…provide senior managers what is needed before asked to do so.”

As I’ve said before: Whether these deaths are murders (to cover up something?) or genuine suicides by the despondent, either way they suggest a world financial system that is worse off than what is generally known.

What to make of these items?

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I come across items from time to time, of which I don’t know what to make. Conspiracy theorists make something of them. Not tending to be one, I file them in the back of my mind and await more information.

The latest is, a prominent German journalist discussing how intelligence agencies manage the media, whether by perks, bribes, help in writing stories (which are thus ‘planted’ stories), or harassment and retaliation on journalists who don’t co-operate. The implication is that our biased media is managed, not only by the political Left, but by the U.S. and other governments.

Another is this year’s spate of deaths among mid-level bankers (previously mentioned here). Most of them are officially suicides, but it’s an odd cluster; the more so as the last few years have been great for the financial sector. Whether these deaths are murders (to cover up something) or genuine suicides by the despondent, either way they would suggest a banking system much worse off than is generally believed.

Finally, there’s this chart:

The first implication is that, while the Taliban’s rule of Afghanistan in 2001 was repressive, at least they shut down heroin production. The darker-minded might also suggest that wealthy narcotics interests (and by extension, banking interests?) were particularly offended by the Taliban and eager to see them go. Which, if true, could make Afghanistan at least partly (apart from the al Qaeda/9-11 aspect) a modern-day Opium War.

P.S. If you want to help make sense of any of these in the comments, be my guest!

The Banker Suicides

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I don’t know what this means; I’m just noting the oddity. Eleven investment bankers have committed suicide, so far in 2014. ZH gives the list.

Why would they, with the markets near all-time highs? The conspiracy-minded note the connections to Big Banking (JP Morgan, Deutsche Bank, etc.) and suggest that some of these men did not commit suicide, but rather, ‘were suicided’ as either cover-up or revenge in one of the recent Big Banking scandals (LIBOR rigging, “London Whale” trading losses, alleged forex (foreign exchange) and gold market rigging now under investigation from the German regulator Bafin, etc.). The New York Post notes that the brother of the most recent suicide had some connection to London Whale, as the Senate Finance Committee had cited the brother’s emails in their investigation of it.

But I have no idea what the answer is here. For now, it’s just weird.

UPDATE: Maybe another detail to file here would be the recent suicide of Jeffrey Corzine, the son of disgraced Democrat (and Obama bundler) Jon Corzine. The straightforward explanation is in the media reports that son had a history of severe depression. The conspiracy-minded might also recall that the father was (is?) a top Big Banking insider, who had seriously burned some people in the MF Global scandal (for which he was never charged or otherwise brought to justice).