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Bank of America confirmed on Monday that one of its investment bankers has died.
According to Reuters, who reported the news yesterday, the person died of natural causes, having confirmed with the New York Office of the Chief Medical Examiner that the cause of death was “acute coronary artery thrombus.”
The bank said it will focus on “doing whatever we can to support the family and our team, who is devastated.”
Reuters says the employee died on Thursday.
Bank of America has not confirmed the individual's name or age at the request of the associate’s family, but Reuters has spoken to a source who says the employee was formerly a U.S. Green Beret special forces member.
The associate reportedly worked in the financial institutions group (FIG), a team that advises Bank of America clients on deals.
Since Monday, social media posts have arisen claiming that the worker had been working 120 hours a week, contributing to his untimely death. However, these claims are unsubstantiated and speculative.
One social media page, ‘Wall Street Gossip,’ reported that Bank of America employees, including investment bankers and analysts, were planning strike action, sharing screenshots that appeared to show another worker posting a list of demands such as a 100-hour cap for workweeks and the Head of the FIG to be fired. However, the page later suggested that the post’s authenticity was in doubt and no strike would go ahead.
It’s not the first time Bank of America has had to deal with the unexpected death of an employee, after an intern, Moritz Erhardt, died in 2013. Erhardt reportedly had an epileptic fit after working for three days straight without sleeping.
The World Health Organization (WHO) has previously found that deaths from heart disease due to working long hours have increased significantly over the past twenty years.
