Deutsche Bank lawyer found dead by suicide in New York during BCE’s Banks Stress Tests

A man walks past Deutsche Bank offices in London

(Reuters) – A senior Deutsche Bank regulatory lawyer has been found dead in New York after committing suicide, New York City officials said on Saturday.

Calogero Gambino, 41, was found on the morning of Oct. 20 at his home in the New York borough of Brooklyn and pronounced dead on the scene, according to New York City police.

Gambino was an associate general counsel and a managing director who worked for the German bank for 11 years, according to the Wall Street Journal, which first reported his death.

He had been closely involved in negotiating legal issues for Deutsche Bank such as a probe by regulators of banks over allegations they manipulated the Libor benchmark interest rate as well as currency markets.

Gambino was also an associate at a private law firm and a regulatory enforcement lawyer between 1997 and 1999, the Journal said, citing Gambino’s LinkedIn profile and conference biographies.

He died by hanging, said Julie Bolcer, spokeswoman for the New York City Office of Chief Medical Examiner. The manner of death was suicide.

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

Deutsche, Germany’s biggest lender, has already paid 6 billion euros ($7.7 billion) in fines and settlements in the past two and a half years. It expects to post litigation costs of 894 million euros alone for the third quarter of 2014.

Earlier this year, former Deutsche Bank manager William Broeksmit, who had close ties to co-chief executive Anshu Jain, had been found dead at his London home in what also appeared to have been a suicide.

 

LIBOR Scandal link: Fathers of two mass murderers Lanza & Holmes were to testify

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By Kenneth Shorthen jr., The Examiner

In the wake of the mass murders that took place in Newtown, Connecticut on Dec. 14, information on the shooter, and his family, is slowly being discovered by law enforcement other sources. One interesting connection to the tragedy that took place at the Sandy Hook school is that the father of Adam Lanza has a connection to the theater shootings that took place in Aurora earlier this year by James Holmes.

Both fathers of the shooters were allegedly expected to testify in the Libor scandal that rocked the banking world in June.

The father of Newtown Connecticut school shooter Adam Lanza is Peter Lanza who is a VP and Tax Director at GE Financial. The father of Aurora Colorado movie theater shooter James Holmes is Robert Holmes, the lead scientist for the credit score company FICO. Both men were to testify before the US Sentate in the ongoing LIBOR scandal. The London Interbank Offered Rate, known as Libor, is the average interest rate at which banks can borrow from each other. 16 international banks have been implicated in this ongoing scandal, accused of rigging contracts worth trillions of dollars. HSBC has already been fined $1.9 billion and three of their low level traders arrested.

FULL ARTICLE HERE