Another Deutsche Bank suicide over LIBOR

[mgray]

A prominent Deutsche Bank executive’s Manhattan death has been ruled a suicide, a spokeswoman for New York City’s Office of Chief Medical Examiner said late Friday.

The hanging death of Calogero Gambino, 41, a Deutsche lawyer and managing director, was discovered by his wife on Monday morning.

Gambino was found hanging by the neck from a stairway banister in their Manhattan home, according to police reports.

Gambino, an 11-year bank executive, was working with US regulators probing Deutsche’s involvement in Libor rigging scandal, the Wall Street Journal reported.

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

Deutsche and six other banks were fined by European regulators late last year for rigging the benchmark London interbank offered rate, Libor, used globally to set lending interest rates.

Deutsche, Germany’s largest lender, announced Friday it expects to record a $1.13 billion charge for litigation expenses in the third quarter. The bank’s legal costs totaled $3.8 billion last year.

Earlier this year, former Deutsche Bank Senior Managing Director William Broeksmit, who had close ties to co-CEO Anshu Jain, was found by his wife hanged in his South Kensington, London home.

Medical authorities in London ruled Broeksmit’s death was a suicide after a coroner’s inquest.

Broeksmit, 58, worked with senior executives in assessing the banks risks on its balance sheet.

The London coroner’s report in March cited Broeksmit as being anxious about the bank’s exposure as a result of Libor probes by European Union financial authorities prior to the suicide.

[jake gittes]

You forgot to put suicide in "quotation marks."

[Cardillac]

"Calogero Gambino, 41, a Deutsche lawyer and managing director"- the name is not "Deutsch"- he's either Italian, Spanish or (far-fetched) Portuguese/Brazilian (same language)-

[Carmody]

He worked for Deutsche Bank, the sentence is constructed to indicate that - for a native English speaker, that is.

However, this lead a situation where the sentence cold be considered to be ambiguous for non-native speakers.

The only Gambino connotation that most people know, is the Gambino crime family.

[mgray]

So happy to see the conversation turn to parsing the writing. And why would you need quotation marks? It is confirmed by police as a suicide. Never mind.

[Michael Moewes]

Cardillac, You don't get it. He refered to Deutsche as an abreviation of Deutsche Bank. Mgray was just to "lazy" to put the whole name.
Note to Mgray: Deutsche Bank is the entire name of the Bank you cannot use an abreviation as you did as they cause misunderstandings as you may have seen.

Posted by Cardillac (here)
"Calogero Gambino, 41, a Deutsche lawyer and managing director"- the name is not "Deutsch"- he's either Italian, Spanish or (far-fetched) Portuguese/Brazilian (same language)-

[Michael Moewes]

The police of the US is not bound to trouth but to uphold the law against the rulebrakers and to obey the powerfull who write the laws. not the US governement but the true powers behind.

Posted by mgray (here)
So happy to see the conversation turn to parsing the writing. And why would you need quotation marks? It is confirmed by police as a suicide. Never mind.

[Michael Moewes]

To see it more clearly what I meant about the cops see this excellent thread.
https://projectavalon.net/forum4/show...l=1#post893132

Posted by Michael Moewes (here)
The police of the US is not bound to trouth but to uphold the law against the rulebrakers and to obey the powerfull who write the laws. not the US governement but the true powers behind.

Posted by mgray (here)
So happy to see the conversation turn to parsing the writing. And why would you need quotation marks? It is confirmed by police as a suicide. Never mind.

[Carmody]

Posted by mgray (here)
So happy to see the conversation turn to parsing the writing. And why would you need quotation marks? It is confirmed by police as a suicide. Never mind.

In quotation makes as it could be murder or being forced into suicide. Suicide as a protection method for one's family. To 'take one for the team' (of psychotic insiders), as it were.

[Selene]

Yes, the prospect of taking his own life at this point in the game does raise eyebrows, doesn't it?

If he was already speaking with regulators, the 'usual' practice when investigating a potential major crime is to arrange some kind of plea bargain - a shuffling of the deck - in favor of an investigated individual who will say more about the involvement of their superiors. "Catch the bigger fish.." so to speak.

So if he was concerned about his own [potential] culpability here, his exit might more logically have happened earlier in the investigation when he didn't know what he might be charged with.

I think somebody definitely wanted him to stop talking.....

Cheers,

Selene

[Akasha]

Fabian Calvo offers his perspective on the motive for suiciding certain bankers. He describes them as potential "financial Edward Snowdens" with inside information on the inevitable and imminent collapse of the current western financial system who cannot be allowed to spill the beans:

Source: https://youtube.com/watch?v=L2WFhOrGnFk