BNP Paribas Banker Murdered

Another tragic event took place this weekend. Benoit Phillipens, bank manager of BNP Paribas’ agency at Ans/Saint-Nicolas, Belgium, was killed along with his wife and god-child. The shocking thing is that this happened in the country where I live in. Belgians usually don’t attract problems.

This is the 18th banker death. It looks to me that being in the finance industry isn’t a very safe job at this moment. This indicates to me there is definitively stress in the financial system.

 

Another Banker Drama: ABN AMRO

You can’t count them on your fingers anymore. Jan Peter Schmittmann (former CEO of ABN AMRO) has been found dead in his house along with his wife and daughter. The cause of death is suicide.

I think we need to chart the amount of dead bankers on a timeline, could be a correlation there. Apparently it started to get serious around February 2014, which was also the month where the stock market was the lowest in 2014.