Bank staff to be quizzed in probe of death of intern


Coroner starts investigation.

Bank of America employees will be questioned about working conditions as a U.K. coroner starts an investigation into the death of Moritz Erhardt, a 21-year-old intern who worked at its Merrill Lynch unit.

Bloomberg News reports that former colleagues will join members of Erhardt’s family, as well as the police officer that first found him, at a London inquest Friday to answer questions from the coroner, a spokesman for a coroner’s court in east London said.

The plight of Erhardt prompted Bank of America to set up a panel of senior managers to 'review all aspects of this tragedy', the bank said following his August 15th death. He died of epilepsy, the coroner said last month after an autopsy. U.K. newspapers, including the Guardian, reported he worked all night on several occasions in the weeks before he collapsed, citing co-workers it didn’t identify.

'The pressure on young people to work long hours is probably more intense than ever', Polly Courtney, a former intern at Merrill Lynch and now an author, said in a telephone interview in London. 'Ideally the culture would change in the City so that no one would have to work all night to meet a deadline'.

Hit the link below to access the complete Bloomberg News article:

Bank of America Staff Quizzed as Coroner Probes Intern’s Death

European Banks’ Legal Tab Exceeds $77 Billion Amid Probes

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