Biblical Times

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Bank of America Intern Death Sheds Light On Cutthroat World Of Aspiring Bankers

James' World 2



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After learning that a summer intern within its investment banking unit had been found dead at his London student housing complex last week, Bank of America offered the other interns in his program the opportunity to call it quits.

They all had just one week left on their contract, but, according to London’s Financial Times, no one went home.

Such devotion is part of a hard-charging, competitive culture that some blamed for the death of 21-year-old intern, Moritz Erhardt. Since he was found dead by flatmates in his London apartment, talk spiraled online suggesting long hours were at least partly to blame. On Friday, John McIvor, the London spokesman for Bank of America, told The Huffington Post the bank will convene a formal working group to look into Erhardt’s death, as well as to consider how to improve the work-life balance of the institution’s…

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