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25-year-old Bank of America trader dies — two weeks after death of Leo Lukenas
NY Post ^ | 05/17/2024 | Lydia Moynihan

Posted on 05/17/2024 10:59:38 AM PDT by ChicagoConservative27

Adnan Deumic, a 25-year-old London-based trader at Bank of America died Thursday evening — just two weeks after the death of Leo Lukenas III, a banker who had been working 100-hour work weeks at the financial giant, The Post has learned.

Deumic was playing in a casual “five-a-side” charity soccer tournament with other finance employees when he fell suddenly and was administered CPR, a source with knowledge of the matter said. While the cause of death is unknown, this person told The Post cardiac arrest is suspected.

“The death of our teammate is a tragedy, and we are shocked by the sudden loss of a popular, young colleague,” a spokesman for Bank of America told The Post. “We are committed to providing our full support to Adnan’s family, his friends and to our many employees grieving his loss.”

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Conspiracy; Reference; Society
KEYWORDS: bank; banker; bankers; bankofamerica; dies; diesunexpectedly; lukenas; sudden; suddendeath; suddenly; suddenlydies; trader; unexpected; unexpectedly
100 hour work week? Is that the norm in banking or just this case?
1 posted on 05/17/2024 10:59:38 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

There is always a market to trade in somewhere in the world.


2 posted on 05/17/2024 11:01:54 AM PDT by monkeyshine (live and let live is dead)
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To: monkeyshine

Seems a typical death of Vaxxed ones.


3 posted on 05/17/2024 11:05:04 AM PDT by arthurus ( covfefe Ag)
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To: ChicagoConservative27

Cause of death = Astra Zeneca


4 posted on 05/17/2024 11:06:04 AM PDT by PMAS (Vote with your wallets, there are 80 million of us - No China made, No Amazon)
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To: PMAS

Cause of death = Soccer...................


5 posted on 05/17/2024 11:10:06 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: ChicagoConservative27

Doctors are baffled...


6 posted on 05/17/2024 11:10:28 AM PDT by Herodes
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To: arthurus
IMHO the three most probably causes of death are:

1. clot shot, or
2. knew too much on the Clintons, or
3. told one of his clients on New Year's to invest in Boeing

7 posted on 05/17/2024 11:10:43 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: ChicagoConservative27
100 hour work week? Is that the norm in banking or just this case?

Its a norm for incoming associates, recruited from elite universities, to work at prestigious banks and investment banks. These people are basically high-level secretaries, gophers and spread-sheet operators for the bank VPs and partners working on large deals.

They are very well-paid for 23 year-olds, but its real grunt work and the hours are awful. Most do it for 2 years to gain experience, build their resume, or get into a good MBA school

8 posted on 05/17/2024 11:11:45 AM PDT by PGR88
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To: ChicagoConservative27

In the trading world, especially when you are at the bottom in terms of experience and seniority, 100 hours per week is probably the norm for most of the traders who are really pushing to make it.

As another Freeper pointed out, in the trading world, you can literally trade 24/7 in some type of market.

My experience working with a few traders is the ones who make it have gigantic egos.


9 posted on 05/17/2024 11:12:19 AM PDT by srmanuel (Q)
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To: ChicagoConservative27

It’s a good thing these deaths are rare and unusual, otherwise we’d be seeing them nearly every day!


10 posted on 05/17/2024 11:38:51 AM PDT by occamrzr06
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To: PGR88

Remember the other guy who died was a former Green Beret.
They don’t work 40 hrs a week.


11 posted on 05/17/2024 11:57:47 AM PDT by silverleaf (“Inside Every Progressive Is A Totalitarian Screaming To Get Out” —David Horowitz)
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To: ChicagoConservative27

Another day…another 25 year old cardiac arrest. The just don’t make hearts like they used to…


12 posted on 05/17/2024 12:06:21 PM PDT by Jan_Sobieski (Sanctification)
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To: PGR88

Investment banking has some grueling hours for more than just the grunts. The “100-hour” IB was 35, though that is probably an exaggeration.


13 posted on 05/17/2024 12:08:47 PM PDT by 9YearLurker
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To: ChicagoConservative27

Felix of Felix and Friends youtube videos has talked about the long hours in investment banking. And the health consequences. One of the reasons he quit.


14 posted on 05/17/2024 12:14:28 PM PDT by DannyTN
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To: ChicagoConservative27

This guy was a credit portfolio algorithmic trader. He wasn’t an investment banking analyst. He worked probably 50-60 hours a week and was highly compensated.

The vaxx killed him.


15 posted on 05/17/2024 12:33:51 PM PDT by HYPOCRACY (Brandon's pronouns: Xi/Hur)
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To: ChicagoConservative27

It’s the norm for first year investment banker types.

Living on cocaine and coffee will lead you to sudden cardiac arrest. The tox screen on that kid will light up like a Christmas tree.


16 posted on 05/17/2024 1:56:04 PM PDT by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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