An investment banker at Bank of America has died after allegedly working a 120-hours-a-week shift on a deal in the Financial Institution Group sector.
Bank of America has released an official statement stating their reaction and plans as regards the demise of the banker, according to Reuters.
Bank of America said, “Our focus is on doing whatever we can to support the family and our team, who is devastated.”
According to an email from the New York Office of the Chief Medical Examiner, the person died of natural causes, confirming details when asked about the case.
He said the person died of “acute coronary artery thrombus,” the office said. The disease causes the formation of a blood clot inside a blood vessel of the heart.
Reports from social media have it that the investment banker had a wife and child and joined the bank a through veterans programme, given that he was previously a green beret.
According to unverified social media posts, he worked a 120-hour-a-week shift for four weeks and didn’t sleep, managing to keep himself awake by drinking energy drinks.
There are also unconfirmed reports on Instagram that he had an existing health issue.
Relatives of the banker have asked for privacy and not to disclose his name while they mourn.
Junior banking colleagues had earlier stated that they were working 100 hours a week during the pandemic and beyond.
sources across the American banking sector have particularly complained about the Financial sector and how life can be unbelievably hard.
“When I worked in a FIG team it was the worst experience of my career,” said one technology banker.”This is largely because working for other bankers as your clients’ sucks,” a source complained.
The death of the investment banker has triggered anger among industry professionals who feel working is still excessive and banks are not caring enough for juniors staff.
