Credit Suisse trader kills himself

A trader at Credit Suisse in Zurich has committed suicide on the Swiss bank’s premises, apparently after being made redundant. The unnamed dealer shot himself late last week after leaving the trading floor.

The bank is not releasing his name out of respect for his family, but a spokesman said: “I can confirm a suicide took place. We are really shocked.”

Zurich police were informed but they are also not releasing the man’s name. The suicide was the subject of low-key reports in several local newspapers.

The tragedy mirrors the death at Canary Wharf last month of Dmitry Smoliyaninov, 31, a principal trader with Citigroup. He fell from the 16th floor of the bank’s Canary Wharf offices after climbing over a barrier. Police said that they had no motive for his apparent suicide and there was no evidence of trading irregularities or substantial losses.

Rumours about the Zurich death swept financial circles. The bank refused to say in which area he traded or why he had shot himself. The rumours suggested that he may have been working in foreign exchange and, having been made redundant, walked to another part of the building before committing suicide.

http://business.timesonline.co.uk/article/0,,13130-2324913,00.html