Head Of Communications At Italy's Scandal-Ridden Banca Monte Paschi Has Committed Suicide

Tyler Durden's picture




It has been several weeks since the name Monte Paschi, likely the most bailed out Italian bank in history, not to mention the oldest bank in the world, graced these pages: with the Italian elections now over and BMPS' political utility as leverage against Italy's Democratic Party finished, we expected that the next time we would read, and write, about it would be the next time it would need a bailout (its fourth in the past four years) sometime in the next 3 to 6 months. Sadly, Monte Paschi is squarely back on the front page following news moments ago that David Rossi, the head of communications at the bank, committed suicide by jumping off the building.

From La Repubblica:

David Rossi, head of communication of Banca Monte dei Paschi di Siena, was killed this evening by jumping from one office to the headquarters of the institute in Rocca Salimbeni.  Rossi, 51, was the longtime collaborator of the former Number 1 at Monte Paschi, Giuseppe Mussari. Rossi had been raided ten days ago in the investigation on Monte but was not investigated.  On the spot, in addition to the police, it's 118, but the relief effort was useless.

 

Rossi was for many years a man of representation of MPS and its former president. Among his other responsibilities were marketing and communications.

While we have no knowledge of what personal, or professional, matters may have plagued the young man shown in the picture, if this terminal act of desperation is in fact related to the ongoing inquiry against the bank, then it is very likely that things in Italy are about to get very ugly very fast once more.

Some more from the Italian press:

The association with Mussari was started since 2001, when the former president of MPS and Abi was head of the Foundation, the reference shareholder with 34.9% stake in the bank, and Rossi was responsible for the communication of the institution. No left to imagine the dramatic climax, colleagues who had also contacted in recent days for the latest news on the institution of credit had responded with the same friendliness and professionalism of all time.

 

Rossi, married, had two children and was well known in the city.

 

Its commitment to the bank manager, joined also the vice president of the International Center of Art and Culture of Palazzo Te and a member of the board of directors of paint for cultural projects.

 

In a basket in his office investigators have found a crumpled piece of paper. Above, according to reports, it was written: 'I made ??a bullshit'.

A bullshit big enough to take one's life over, and to deprive two children of their father?

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Wed, 03/06/2013 - 17:22 | 3306123 JeremyWS
JeremyWS's picture

shit's about to go down then.

Wed, 03/06/2013 - 17:23 | 3306127 camaro68ss
camaro68ss's picture

Kills himself before the people could string him up to the light poll

Wed, 03/06/2013 - 17:25 | 3306137 Say What Again
Say What Again's picture

Reminds of the scene from Hanibal when he hangs Pazzi out of the window.

Wed, 03/06/2013 - 17:28 | 3306162 Manthong
Manthong's picture

“Banker” a leaping..  maybe.

But if he was just the mouthpiece he had a no-win job that forced him into the moral conflict of lying to make a living.

He may be a victim rather than a villain.

Just my 2c..

Wed, 03/06/2013 - 17:29 | 3306172 THX 1178
THX 1178's picture

Was there a dead paschi bounce? I heard thats what happens.

Wed, 03/06/2013 - 17:30 | 3306182 Rubicon
Rubicon's picture

Suicide my arse!

Wed, 03/06/2013 - 17:36 | 3306216 max2205
max2205's picture

no hot tub....no suicide

Wed, 03/06/2013 - 17:37 | 3306222 metastar
metastar's picture

Long suicide nets

Wed, 03/06/2013 - 17:50 | 3306277 Divided States ...
Divided States of America's picture

Lets see some dirty American banker take his own life. Then thats real news.

Wed, 03/06/2013 - 17:57 | 3306298 knukles
knukles's picture

Italian Federalie Homocidi Politzi Inspector, Guido Whoazamadda was overheard discussing a note found in the deceased Ponch's jacket pocket of a hand drawn map to the Blackfriar's Bridge in the City of London.

Wed, 03/06/2013 - 18:04 | 3306325 ZerOhead
ZerOhead's picture

Rossi was the Head of Communications.

I wonder what he was trying to say.... other than aaaahhhhhhhh!!! that is...

Wed, 03/06/2013 - 18:11 | 3306352 CrazyCooter
CrazyCooter's picture

... aaaahhhhhhhh!!!

Regards,

Cooter

Wed, 03/06/2013 - 18:45 | 3306488 dryam
dryam's picture

Very, very few people jump from a building when comitting suicide.

Wed, 03/06/2013 - 18:52 | 3306509 Pinto Currency
Pinto Currency's picture

 

Perhaps these bankers are being suicided...

 

 

http://news.bbc.co.uk/2/hi/uk_news/england/london/4700431.stm

 

...and see how the head of IT at the Bank of England died of multiple stab wounds that he inflicted to his chest.  What could the head of IT possibly know?  ...

 

“A FATHER of three stabbed himself to death in a secluded car park after coming under overwhelming stress at the Bank of England, an inquest heard.

 

The body of Christopher Dymond, who worked as a manager in the bank's IT section, was discovered miles from his family home in Shenfield, after a police hunt led officers to Herongate Athletic Football Club in the early hours of Sunday, April 22...

 

...A postmortem examination found he died of self-inflicted stab wounds to his chest and cuts to his arms. He had consumed a degree of alcohol before his death.”


http://www.thisistotalessex.co.uk/Distressed-father-took-life/story-16479029-detail/story.html#axzz2Mnod6hxq

 

Wed, 03/06/2013 - 19:29 | 3306663 fourchan
fourchan's picture

nobody "jumps" in italia.

Wed, 03/06/2013 - 19:44 | 3306694 El Viejo
El Viejo's picture

Lets not forget this crap has dragged some basically good people down as well. I'll wait before passing judgement. What the hell is Head of Communications anyway?? So maybe he lied about some things. I don't want blood from this guy. Where are the truly guilty?? The ones that Caused this crap to happen. You know how this works. They hire some scapegoat to take the fall. No pun intended. In engineering they hire a compliance or safety director. Maybe he was just another sheep led to the slaughter.

Wed, 03/06/2013 - 19:47 | 3306724 TwoShortPlanks
TwoShortPlanks's picture

Roberto Calvi 2.0

Wed, 03/06/2013 - 20:14 | 3306829 negative rates
negative rates's picture

...........................Between him and Chavez that's alot of IOU's.

Wed, 03/06/2013 - 20:31 | 3306874 Jack Napier
Jack Napier's picture

Dead men tell no tales, and this man could have told many.

Wed, 03/06/2013 - 21:00 | 3306977 orez65
orez65's picture

These "events" usually happen in "thresomes".

I'm hoping that Fidel Castro is next.

Wed, 03/06/2013 - 21:39 | 3307150 Anusocracy
Anusocracy's picture

My thinking is that soldiers that commit suicide often do so because they still have a conscience.

Perhaps David Rossi did.

Of course he can't testify now, too.

 

Wed, 03/06/2013 - 20:19 | 3306842 walküre
walküre's picture

that's fucked up. even with the biggest imagination, this is a stretch

stabbing oneself to death ... yeah right.

it cannot be done once, never mind multiple times and multiple stab wounds.

the art of harikiri needs skilfull practice

what a bunch of fucking bullshit from the UK media

Thu, 03/07/2013 - 05:44 | 3308030 smart girl
smart girl's picture

Just like the nurse who committed "suicide" who belived a radio station jockey was the queen of england and let her through to Kate's private room nurse. http://www.foxnews.com/entertainment/2012/12/13/coroner-says-nurse-in-ka...

Wed, 03/06/2013 - 20:26 | 3306857 Jugdish
Jugdish's picture

Rossi?? You mean Carlo Rossi? Drink a jug of that stuff and you'll wish you could jump off a building.

Wed, 03/06/2013 - 17:51 | 3306279 eatthebanksters
eatthebanksters's picture

He didn't know anything, there is nothing to know....he was having a bad day, bad week, his girfriend broke up with him, his dog died, the sun was in is eyes, there was a rock in his shoe.    I wonder how long it will take for this mystery to truly unravel...betting pool anyone?  I give it 14 days.

Wed, 03/06/2013 - 17:56 | 3306294 Tijuana Donkey Show
Tijuana Donkey Show's picture

The translation is very "telling"

 

He threw the office. Trash 
a note: "I made ??a bullshit" had been searched in the investigation, but was not investigated

David Rossi, head of communication of Banca Monte dei Paschi di Siena, was killed this evening by jumping from one office to the headquarters of the institute in Rocca Salimbeni. Rossi had been raided ten days ago in the investigation on Monte but was not investigated. Rossi, according to reports, was thrown from the window of his office fell in the courtyard of Rocca Salimbeni. On the spot, as well as the police, the 118, but the relief effort was useless. 

 

Trash the office of David Rossi investigators have found a crumpled piece of paper. Above, according to reports, was penned: "I made a bullshit." This is the only stop in less than two hours from each other. This investigation of the Monte dei Paschi di Siena, on 19 February, the Guardia di Finanza raided the apartments of former President Joseph Mussari del'ex and general manager of the institute, Antonio Vigni. On the same day the financiers presented themselves at home and in the office of David Rossi although not investigated. 

 

http://www.lastampa.it/2013/03/06/italia/cronache/mps-suicida-david-rossi-il-capo-della-comunicazione-YXIulpZFNgkMrz47Q1UphK/pagina.html

Wed, 03/06/2013 - 17:59 | 3306310 knukles
knukles's picture

Say what?
Sounds for all intents and purposes like one of Krugman's explanations of things maybe economic but we're not sure.

Wed, 03/06/2013 - 18:27 | 3306410 AlaricBalth
AlaricBalth's picture

"I made a bullshit."

Translated: I lied my face off.

http://www.youtube.com/watch?v=f-vwe28p9JE

Thu, 03/07/2013 - 04:01 | 3307967 disabledvet
disabledvet's picture

"after being confronted by the truth." no one simply "lies." in fact we spend most of our lives telling the truth...we just take that simple fact for granted. "until confronted." by whom? For what? "these things are never answered." there was the Pentagon Papers...and needless to say after the Cold War abruptly ended Defense Secretary McNamara had to answer to that...

Thu, 03/07/2013 - 06:25 | 3308050 Dr. Sandi
Dr. Sandi's picture

I'll bet he beat the crap out himself, dragged himself up to the roof instead of walking, then smashed himself in the face a few times before he jumped further from the building than a person on his own could normally jump.

It's amazing how many lieutenants die from 'friendly fire.'

Thu, 03/07/2013 - 06:35 | 3308062 Shevva
Shevva's picture

Always handy when someone else makes your comment.

Yer in a country run by the Mafia this bloke jumped by his own accord.

I got a flying pig to sell ya.

Thu, 03/07/2013 - 00:09 | 3307644 Trucker Glock
Trucker Glock's picture

Shorting nets.  Long awnings. 

Wed, 03/06/2013 - 17:51 | 3306278 e_goldstein
e_goldstein's picture

unless he didn't own a hot tub.

Wed, 03/06/2013 - 17:44 | 3306254 kliguy38
kliguy38's picture

they ment "Suicided"

Wed, 03/06/2013 - 18:12 | 3306358 Honey Badger
Honey Badger's picture

"Assisted" suicide

Wed, 03/06/2013 - 19:30 | 3306666 unclebill
unclebill's picture

you mean suicide-ed!

Thu, 03/07/2013 - 02:04 | 3307865 Mr. Schnitzel Face
Mr. Schnitzel Face's picture

Suicide *wink* *wink*

Wed, 03/06/2013 - 17:30 | 3306183 Pladizow
Pladizow's picture

NOOOOOOOO banker has the balls to kill them self!

This guy was wacked before he could squeel!

Wed, 03/06/2013 - 18:51 | 3306517 ThirdWorldDude
ThirdWorldDude's picture

He pulled an "Admiral Nelson" like a real hero, now name a bank after him for Cheesus' sake...

Wed, 03/06/2013 - 17:31 | 3306187 Say What Again
Say What Again's picture

THX -- You beat me to that joke by |---| that much!!!

Wed, 03/06/2013 - 17:32 | 3306190 camaro68ss
camaro68ss's picture

The day will come when it starts raining bankers on wall street

Wed, 03/06/2013 - 19:48 | 3306733 willwork4food
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I just hope they don't stain the sidewalk.

Wed, 03/06/2013 - 21:40 | 3307153 Vendetta
Vendetta's picture

It would be a good day then

Wed, 03/06/2013 - 21:54 | 3307206 Anusocracy
Anusocracy's picture

Time to redo the song It's Raining Men into It's Raining Bankster Men.

http://www.youtube.com/watch?v=u-n9Zdf19-c

Wed, 03/06/2013 - 17:33 | 3306200 Dr. Richard Head
Wed, 03/06/2013 - 18:02 | 3306312 knukles
knukles's picture

That's mighty spiritual of ya', Doc. :)

Wed, 03/06/2013 - 22:08 | 3307259 Anusocracy
Anusocracy's picture

That should be our national anthem.

Wed, 03/06/2013 - 18:22 | 3306391 NoTTD
NoTTD's picture

BAZINGA!

Wed, 03/06/2013 - 18:36 | 3306445 TheGardener
TheGardener's picture

Imagine yourself believing the very bullshit you have to communicate to the outside world . Dumb yes, crazy maybe
if it is thick BS from a big bank. In that case this was an easy way out.

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