Banker’s death at 35 ignites firestorm over alleged 100-hour work weeks

Banker News

Banker’s death at 35 ignites firestorm over alleged 100-hour work weeks
Australia Latest News,Australia Headlines
  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 78%

The death of a Bank of America associate last week has ignited a firestorm on Wall Street as some bankers slam the toxic work culture they feel contributed to his death — including reported complaints over 100-hour workweeks.

The death of a young bank associate has ignited fierce debate on Wall Street as bankers hit out at the alleged toxic work culture they feel contributed to his untimely passing.

One post from an anonymous banker highlighted a list of demands for employees’ welfare that generated more than 450 comments in response. A Bank of America spokesperson did not comment about a possible walkout or the accusations of retribution when reached by The Post. He was a member of 51 Vets, a nonprofit dedicated to connecting transitioning and transitioned veterans from elite military communities with leading businesses, according to its website.

A fundraiser for his family, launched by 51 Vets, has already raised $258,962 as of early Thursday afternoon, including $10,000 from hedge fund titan Bill Ackman. e was dedicated to everything he did, never settling for good enough. He always set the example and held himself to the highest standards, prioritizing the team and mission success over himself.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNewsAust /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Regional banks such as Bank of Queensland and Bendigo Bank dying a slow deathRegional banks such as Bank of Queensland and Bendigo Bank dying a slow deathThe country’s smaller banks have a bleak future due to higher cost of funds, excessive capital requirements, costly technology upgrades and lack of scale. But will regulators do anything about it?
Read more »

Ben Bernanke’s Bank of England review: How ‘flamethrowers’ and creaking IT burnt the central bankBen Bernanke’s Bank of England review: How ‘flamethrowers’ and creaking IT burnt the central bankFor more than three decades, the BoE has used fan charts to visualise the uncertainty surrounding its forecasts. As Ben Bernanke pointed out, most people have no idea what they mean.
Read more »

AMP shares: AMP quietly begins restructure for $60m digital bank project with UK’s Starling BankAMP shares: AMP quietly begins restructure for $60m digital bank project with UK’s Starling BankUp to 35 jobs will be lost as 83 employees see their teams or reporting lines change.
Read more »

ASX bank stocks: ‘Sell everything’ hard to put into practice for bank stocksASX bank stocks: ‘Sell everything’ hard to put into practice for bank stocksThe big banks’ share prices have got ahead of their earnings outlook, but that doesn’t mean investors are dropping them en masse.
Read more »

Flooding death toll in south Brazil rises to 75 as over 100 people remain missingFlooding death toll in south Brazil rises to 75 as over 100 people remain missingOfficials in Rio Grande do Sul state say more than 80,000 have been displaced by record water levels
Read more »

EY to Cut Over 100 Jobs Amid Advisory Market DownturnEY to Cut Over 100 Jobs Amid Advisory Market DownturnBig four consulting firm EY is planning to cut more than 100 roles, or over 1% of its workforce, due to the persistent downturn in the advisory market. The losses will mainly come from the consulting and financial advisory divisions.
Read more »



Render Time: 2025-02-21 05:07:48