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Second Employee of Deutsche Bank Commits Suicide
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Deutsche Bank, employee commits suicide, Calogero Gambino

Summary: Calogero Gambino, a lawyer for Deutsche Bank, was found hanged in New York City in an apparent suicide as the second employee to commit suicide in 2014. 

Calogero Gambino, a senior Deutsche Bank lawyer, has been suspected of committing suicide after being found dead in New York, according to The International Business Times.

  
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Gambino was found hanging from a stairway banister, according to the Wall Street Journal.

Gambino was found by his wife and pronounced dead at the scene, according to officials from the city.

Gambino had worked for the bank for 11 years and was an associate general counsel and managing director.

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Read more about Deutsche Bank here.

He worked for the bank on legal matters involving the Libor scandal after an investigation into the bank was launched in 2012.



“Charlie was a beloved and respected colleague who we will miss. Our thoughts and sympathy are with his friends and family,” Deutsche Bank said in a statement.

The bank is the biggest lender in Germany and has paid fines and settlements since the scandal was discovered almost three years ago. The allegations claim that employees manipulated the Libor benchmark interest rate and currency markets in the scandal.

Gambino is the second employee of the bank to commit suicide this year. Former manager William Broeksmit was found dead in his home in London. He hung himself too.

When Broeksmit was found dead, a spokesman from the bank said he “was not under suspicion of wrongdoing in any matter.”

To read more about the Libor scandal, click here.

Executives from the bank sent a letter to their colleagues saying Broeksmit “was considered by many of his peers to be among the finest minds in the fields of risk and capital management.”

Will there be more settlements paid by Deutsche Bank in the Libor benchmark interest rate scandal? Share your thoughts using our poll below.

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Image credit: realtytimes.com



 

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