It's a syndrome Michel has also observed while shadowing investment bankers over the years.
After her subjects had worked at a bank for four years on average, she began observing signs of sleeplessness, anxiety, and depression: "I could see how people came in chatting happily on the phone with friends, how that became less and less," she says. "People became completely absorbed in the office, in work. Some are feeling trapped."
J.P. Morgan says the two employees who committed suicide weren't investment bankers, per se.
According to their LinkedIn (LNKD) profiles, Gabriel Magee was a vice president overseeing technology for fixed-income securities in the London office, and Dennis Li was an associate in the billing department supporting the investment bank.
But the high-stakes world of Wall Street has become a more stressful work environment across the board.
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The 2008 economic crisis and subsequent recession have exacerbated the problem, says Cass, especially now that the new reality of smaller bonus checks, regular layoffs, and heightened regulation has sunk in. While those factors have impacted many professions, Cass says, "In investment banking, it becomes a weed-out process—who can take it and who can't?"embrace this warm winter
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