General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWTF?.. Another banker leaps to death from JP Morgan’s headquarters this time Hong Kong
A man on Tuesday jumped to his death from the top of Chater House in Central, where Wall Street bank JP Morgan has its Asia headquarters, witnesses told the South China Morning Post.
The man, said to be in his early 30s, went to the roof of Chater House, a landmark 30-floor building in the heart of Hong Kongs central business district also near the citys stock exchange and jumped.
The incident happened between 2pm to 3pm, a witness said.
Several policemen were seen on the roof but apparently failed to convince the man not to jump, one of the witnesses said.
According to several JP Morgan employees, the man was a forex trader with the company
http://www.scmp.com/business/banking-finance/article/1430296/man-leaps-death-jp-morgans-headquarters-central
I said something was up with Forex
democratisphere
(17,235 posts)GREED KILLS.
hobbit709
(41,694 posts)Baitball Blogger
(46,715 posts)If it's cataclysmic for the rich, maybe it is caused because there is no more money coming in to feed the top of the pyramid?
TheMathieu
(456 posts)magical thyme
(14,881 posts)unlike the others, that are "suicides."
is right.
RC
(25,592 posts)Given the numbers and the connections, I would not put this in the voluntary category yet.
magical thyme
(14,881 posts)Ichingcarpenter
(36,988 posts)interesting.
another_liberal
(8,821 posts)Are these mega-bankers so utterly under the spell of wealth that they can't stand a financial setback? I like to have a little money too, but ending one's own life because of it is just insane.
heaven05
(18,124 posts)yep, something ugly coming down the pike. And, I know, only the poor end up suffering.
NM_Birder
(1,591 posts)Art_from_Ark
(27,247 posts)about currency traders in London, New York and Hong Kong competing against each other to see who would come out on top in their trading:
closeupready
(29,503 posts)fasttense
(17,301 posts)The phrase "something wicked this way comes" originates in Act IV scene 1 of William Shakespeare's play Macbeth (where the wicked thing is Macbeth himself, by this point in the play a traitor and murderer). The speaker is the second witch.
Ray Bradbury did not make up that phrase.
LuvNewcastle
(16,846 posts)I was just thinking that this sounds like a curse or a pact gone wrong. Hey, it could happen.
Lobo27
(753 posts)A video I saw on TyT that stated the banks/markets had over 790 trillions in trades and they didn't even know where everything was at. All they know is that it will burst, just don't know when....
randr
(12,412 posts)warrprayer
(4,734 posts)How many is that so far?
DebJ
(7,699 posts)one, two, three, four, five, six, seven...
arcane1
(38,613 posts)He calls it "mysterious" when the sun sets at night
Rex
(65,616 posts)if nobody saw anything. No doubt just another 'suicide'.
MrMickeysMom
(20,453 posts)On edit: Reading the comments (I got that picture from Max Keiser's website), was "at this rate, has anybody worked out yet how long it will take to get rid of all of them?"
Indeed
Read more at http://www.maxkeiser.com/2014/02/man-leaps-to-death-from-jp-morgans-headquarters-in-hong-kong/#P2DpB6DzUXJ0Wmyp.99
Javaman
(62,530 posts)Berlum
(7,044 posts)dinger130
(199 posts)that it wasn't suspicious.
Dinar..........
texanwitch
(18,705 posts)A big wind is coming to knock it down.
To much paper chasing paper without anything behind it.
Doesn't look good.
Jesus Malverde
(10,274 posts)A widening probe of the foreign-exchange market is roiling an industry already under pressure to reduce costs as computer platforms displace human traders.
Electronic dealing, which accounted for 66 percent of all currency transactions in 2013 and 20 percent in 2001, will increase to 76 percent within five years, according to Aite Group LLC, a Boston-based consulting firm that reviewed Bank for International Settlements data. About 81 percent of spot trading -- the buying and selling of currency for immediate delivery -- will be electronic by 2018, Aite said.
Foreign-exchange traders are much like stock floor traders: a rapidly dying breed, said Charles Geisst, author of Wall Street: A History and a finance professor at Manhattan College in Riverdale, New York. Once the banks realize they are costing them money, the positions will dwindle quickly.
At least a dozen regulators are investigating allegations first reported by Bloomberg News in June that traders colluded to rig benchmarks in the $5.3 trillion-a-day currency market. That scrutiny may give banks an opportunity to cull more staff, say analysts including Christopher Wheeler of Mediobanca SpA in London. Its also boosting demand from clients for greater transparency in pricing and transaction charges, accelerating a longer-term shift in trading onto electronic platforms.
http://www.bloomberg.com/news/2014-02-18/fx-traders-facing-extinction-as-computers-replace-humans.html
AverageJoe90
(10,745 posts)Thanks, J.M.
AverageJoe90
(10,745 posts)Thanks, J.M.
Jesus Malverde
(10,274 posts)onethatcares
(16,168 posts)no golden parachute for him.