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Ichingcarpenter

(36,988 posts)
Tue Feb 18, 2014, 07:32 AM Feb 2014

WTF?.. 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 Kong’s central business district – also near the city’s 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

33 replies = new reply since forum marked as read
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WTF?.. Another banker leaps to death from JP Morgan’s headquarters this time Hong Kong (Original Post) Ichingcarpenter Feb 2014 OP
Something BIG and Something BAD is on the financial horizon. democratisphere Feb 2014 #1
The feces is about to impact the atmospheric impeller blades in a major fashion. hobbit709 Feb 2014 #2
I wish we knew how bad it's going to be. Baitball Blogger Feb 2014 #15
Here's a handy dandy chart: TheMathieu Feb 2014 #3
well this one actually was a suicide magical thyme Feb 2014 #4
He could have been told, "Either him or his family", or some such. RC Feb 2014 #10
good point. or maybe, do it yourself or the nail gun. magical thyme Feb 2014 #11
In a sense a 'real fall guy'' then? Ichingcarpenter Feb 2014 #12
No one in his early thirties should want to be dead. another_liberal Feb 2014 #5
and the body count is growing heaven05 Feb 2014 #6
Involuntary cliff diving training camp. NM_Birder Feb 2014 #7
Honk Kong and Forex remind me of this BBC video Art_from_Ark Feb 2014 #8
thansk - for later viewing. closeupready Feb 2014 #9
Something wicked this way comes fasttense Feb 2014 #13
Funny you say that. LuvNewcastle Feb 2014 #26
I wonder if any of this has to do with... Lobo27 Feb 2014 #14
JP Morgans newest profit gain strategy?? randr Feb 2014 #16
I'm losing count warrprayer Feb 2014 #17
Per link, this one was number 7. DebJ Feb 2014 #19
Thanks! warrprayer Feb 2014 #21
Surely there's a better source than Alex freakin' Jones? arcane1 Feb 2014 #27
Yep, being thrown off a roof is the same as jumping off Rex Feb 2014 #18
According to several JP Morgan employees, the man was a forex trader with the company... MrMickeysMom Feb 2014 #20
+1! snot Feb 2014 #33
someone needs to take a little peeky at the Forex books. nt Javaman Feb 2014 #22
Global Extractive, Exploitive Economy on a ledge Berlum Feb 2014 #23
How quickly the police responded with the comment dinger130 Feb 2014 #24
We are living in a house of cards. texanwitch Feb 2014 #25
FX Traders Facing Extinction as Computers Replace Humans Jesus Malverde Feb 2014 #28
Could this be the key? AverageJoe90 Feb 2014 #30
Could this be the key? AverageJoe90 Feb 2014 #30
Your welcome. Jesus Malverde Feb 2014 #32
apparently there was onethatcares Feb 2014 #29

Baitball Blogger

(46,715 posts)
15. I wish we knew how bad it's going to be.
Tue Feb 18, 2014, 10:10 AM
Feb 2014

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?

 

RC

(25,592 posts)
10. He could have been told, "Either him or his family", or some such.
Tue Feb 18, 2014, 09:11 AM
Feb 2014

Given the numbers and the connections, I would not put this in the voluntary category yet.

 

another_liberal

(8,821 posts)
5. No one in his early thirties should want to be dead.
Tue Feb 18, 2014, 08:41 AM
Feb 2014

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)
6. and the body count is growing
Tue Feb 18, 2014, 08:50 AM
Feb 2014

yep, something ugly coming down the pike. And, I know, only the poor end up suffering.

Art_from_Ark

(27,247 posts)
8. Honk Kong and Forex remind me of this BBC video
Tue Feb 18, 2014, 08:55 AM
Feb 2014

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:

 

fasttense

(17,301 posts)
13. Something wicked this way comes
Tue Feb 18, 2014, 10:02 AM
Feb 2014
"By the pricking of my thumbs, something wicked this way comes".

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)
26. Funny you say that.
Tue Feb 18, 2014, 04:49 PM
Feb 2014

I was just thinking that this sounds like a curse or a pact gone wrong. Hey, it could happen.

Lobo27

(753 posts)
14. I wonder if any of this has to do with...
Tue Feb 18, 2014, 10:10 AM
Feb 2014

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....

 

arcane1

(38,613 posts)
27. Surely there's a better source than Alex freakin' Jones?
Tue Feb 18, 2014, 04:52 PM
Feb 2014

He calls it "mysterious" when the sun sets at night

 

Rex

(65,616 posts)
18. Yep, being thrown off a roof is the same as jumping off
Tue Feb 18, 2014, 10:28 AM
Feb 2014

if nobody saw anything. No doubt just another 'suicide'.

MrMickeysMom

(20,453 posts)
20. According to several JP Morgan employees, the man was a forex trader with the company...
Tue Feb 18, 2014, 10:48 AM
Feb 2014


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

texanwitch

(18,705 posts)
25. We are living in a house of cards.
Tue Feb 18, 2014, 04:37 PM
Feb 2014

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)
28. FX Traders Facing Extinction as Computers Replace Humans
Tue Feb 18, 2014, 05:22 PM
Feb 2014

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. It’s 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

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