A prominent Deutsche Bank executive’s Manhattan death has been ruled a suicide, a spokeswoman for New York City’s Office of Chief Medical Examiner said late Friday.
The hanging death of Calogero Gambino, 41, a Deutsche lawyer and managing director, was discovered by his wife on Monday morning.
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Gambino was found hanging by the neck from a stairway banister in their Manhattan home, according to police reports.
Gambino, an 11-year bank executive, was working with US regulators probing Deutsche’s involvement in Libor rigging scandal, the Wall Street Journal reported.
“Charlie was a beloved and respected colleague who we will miss,” said a spokeswoman for Deutsche. “Our thoughts and sympathy are with his friends and family.”
Deutsche and six other banks were fined by European regulators late last year for rigging the benchmark London interbank offered rate, Libor, used globally to set lending interest rates.
Deutsche, Germany’s largest lender, announced Friday it expects to record a $1.13 billion charge for litigation expenses in the third quarter. The bank’s legal costs totaled $3.8 billion last year.
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