"Stressed traders buckle under weight of volatile markets"
http://www.abc.net.au/news/stories/2008/05/05/2235805.htm
"Increased volatility grips stock markets, big investment banks tot up losses from a credit market seizure and jobs are slashed - being a trader has seldom been more stressful.
Since a stock market bull run came to a grinding halt last year and as the crisis has magnified by the week, occupational psychologists who help stressed-out traders and bankers now fear a higher cost than mere write-downs: suicide.
...
Tales of traders throwing themselves out of windows on Wall Street in the wake of 1929 were essentially myths, as noted by John Kenneth Galbraith in his 1955 account of the crash. But in finance in recent years, some deaths have been notable.
Three employees at Societe Generale in Paris have committed suicide in as many years, prompting unions to raise concerns over the stressful environment at the bank.
The most recent was last June, when an equity derivatives trader in his thirties threw himself off a highway bridge near the bank's head office.
...
In September last year, Citi launched a Canary Wharf health care centre, with a staff of 20 including a nurse, GP, dentist, masseur, chiropodist, chiropractor and occupational health adviser who arranges social, medical and psychological treatments."
http://www.abc.net.au/news/stories/2008/05/05/2235805.htm
"Increased volatility grips stock markets, big investment banks tot up losses from a credit market seizure and jobs are slashed - being a trader has seldom been more stressful.
Since a stock market bull run came to a grinding halt last year and as the crisis has magnified by the week, occupational psychologists who help stressed-out traders and bankers now fear a higher cost than mere write-downs: suicide.
...
Tales of traders throwing themselves out of windows on Wall Street in the wake of 1929 were essentially myths, as noted by John Kenneth Galbraith in his 1955 account of the crash. But in finance in recent years, some deaths have been notable.
Three employees at Societe Generale in Paris have committed suicide in as many years, prompting unions to raise concerns over the stressful environment at the bank.
The most recent was last June, when an equity derivatives trader in his thirties threw himself off a highway bridge near the bank's head office.
...
In September last year, Citi launched a Canary Wharf health care centre, with a staff of 20 including a nurse, GP, dentist, masseur, chiropodist, chiropractor and occupational health adviser who arranges social, medical and psychological treatments."
