String of suicides among bankers continues

by MPA17 Feb 2015
By Meghan de St. Aubin
Another JPMorgan employee committed suicide, making him the fifth current or former employee of the firm to do so in the past year.
Michael Tabacchi, 27, of New Jersey killed himself and his wife Iran Pars Tabacchi, 41, in a murder-suicide last Friday, according to The New York Post.
Iran was found to be stabbed once and strangled while Michael died of a self-inflicted knife wound, according to Bergen County prosecutor John Molinelli.
Last June, JPMorgan employee Julian Knott, 45, shot himself and his wife Alita Knott, 47, in their New Jersey home. Eleven months previously, former investment banker Kenneth Bellando, 28, jumped to his death from his apartment.
Mysterious banker death leaves questions
In February 2014, another employee, Li Junjie, 33, jumped off the roof of the bank’s 30-story Hong Kong office. Lastly, Gabriel Magee, 39, also fell to his death from the bank’s European headquarters in London’s Canary Wharf district in January, according to The New York Post.
In 2014, approximately 36 banker deaths sent a panic through Wall Street. In fact, between January and March about a dozen bankers committed suicide, according to Zero Hedge.
In February 2014, Forbes asked the Centers for Disease Control and Prevention to pull the latest suicide statistics from its National Occupational Mortality Surveillance database.
The results stated that in 1999, 2003, 2004, and 2007, about 329 suicides were reported among financial specialists. This number was more than in any other occupation tracked by the CDC, except for the broad grouping of “engineers and scientists,” a grouping that lost 502 to suicide.
JPMorgan, who has 260,000 employees worldwide, according to its website, declined to comment.