Another "Successful Banker" Found Dead

Tyler Durden's picture

The dismal trail of dead bankers continues. As The Journal Star reports, a successful Lincoln businessman and member of a prominent local family died last week. Former National Bank of Commerce CEO James Stuart Jr. was found dead in Scottsdale, Ariz., the morning of Feb. 19. A family spokesman did not say what caused the death. This brings the total of banker deaths in recent weeks to 9 as Stuart is sadly survived by three sons and four daughters.



Mr Stuart's background (via The Journal Star),

Stuart was a native of Lincoln and graduated from the University of Nebraska-Lincoln with a degree in Business Administration.


In 1969, Stuart joined Citibank in New York City and served as a loan officer until 1973, when he joined First Commerce Bancshares (then NBC Co.) as executive vice president. He was named president in 1976, chairman and CEO in 1978, and also became chairman and CEO of National Bank of Commerce in 1985. Stuart spent his life building the organization into an important business voice in Lincoln, friend and colleague Brad Korell said.


“He was a very successful banker,” said Korell, who worked with Stuart for more than 30 years. “I always felt that he was a visionary. He really did build one of the most successful and admired banking organizations in the Midwest.”


Stuart spent much of his career with First Commerce Bancshares, a $3 billion multi-bank holding company headquartered in Lincoln. First Commerce was sold to Wells Fargo in 2000.


He is a former member of the Nebraska Game and Parks Commission and was appointed by Gov. Dave Heineman to the board of the Nebraska Environmental Trust in 2008. Stuart was also involved with natural resources-related groups such as Nature Conservancy, Ducks Unlimited and U.S. National Forest Foundation.


He served on the international board of the Juvenile Diabetes Foundation and the boards of the University of Nebraska Foundation and Nebraska Wesleyan University.


According to Korell, Stuart was living in Scottsdale, overlooking his family's financial investments, as well as golfing and fishing.

Which brings the total number of recent banker deaths to 9 (via Intellihub):

1 – William Broeksmit, 58-year-old former senior executive at Deutsche Bank AG, was found dead in his home after an apparent suicide in South Kensington in central London, on January 26th.

2- Karl Slym, 51 year old Tata Motors managing director Karl Slym, was found dead on the fourth floor of the Shangri-La hotel in Bangkok on January 27th.

3 – Gabriel Magee, a 39-year-old JP Morgan employee, died after falling from the roof of the JP Morgan European headquarters in London on January 27th.

4 – Mike Dueker, 50-year-old chief economist of a US investment bank was found dead close to the Tacoma Narrows Bridge in Washington State.

5 – Richard Talley, the 57 year old founder of American Title Services in Centennial, Colorado, was found dead earlier this month after apparently shooting himself with a nail gun.

6 -Tim Dickenson, a U.K.-based communications director at Swiss Re AG, also died last month, however the circumstances surrounding his death are still unknown.

7 – Ryan Henry Crane, a 37 year old executive at JP Morgan died in an alleged suicide just a few weeks ago.  No details have been released about his death aside from this small obituary announcement at the Stamford Daily Voice.

8 - Li Junjie, 33-year-old banker in Hong Kong jumped from the JP Morgan HQ in Hong Kong this week.

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smartmil's picture

There were other banks in Nebraska involved in a child sex/ drug trafficking rings in the 80's. Commonwealth savings & Franklin credit union, "From covering up financial swindles, it was a short step to covering for prominent businessmen who were involved in organized drug peddling or for politicians and publishers with a weakness for young children. Reviewing the Commonwealth case and the Franklin Credit Union scandal side by side, it is striking how the casts of characters overlap. Key personnel in the Kerrey-appointed apparatus, who snowed the Commonwealth depositors, will intervene again as Franklin unfolds. Is you want to buy amazing kidkraft dolls click this link.

Greenskeeper_Carl's picture

alright, i admit it, Im curious now...

Squid-puppets a-go-go's picture

'It was JPMorgan....on the rooftop....with the revolver'

Shall we play another round of Cludo?

Freddie's picture

Ben Shalom in the pantry with a candlestick.

J S Bach's picture

"Successfully" done in.  Please continue the process.

MagicHandPuppet's picture

Suicide is contagious when the most powerful people need to tie up loose ends.

remain calm's picture

When Jammie Diamond hangs himself wearing Yellins panties, bra, fishnet hose and pumps and they blame it on erotic asphyxiation then we are on to something. Oh wait... will he have his cuff links on? Stay tuned.

xtop23's picture

The chickens is comin' home to roost y'all.

Good riddance to bad rubbish.

SilverIsKing's picture

Makes sense to me. 7 kids is enough to kill anyone.

Mentaliusanything's picture

And add Jason Salais 34 year old IT professional from JMP. Died of a strange slow heat attack at 34, but was in the prime of his life

Nothing to see here, happens all the time. Hey Look over there, its Mack the Knife


GetZeeGold's picture



i admit it, Im curious now...


Best keep that to yourself.

MonsterBox's picture

Good start for this "Treadstone" op.

TeamDepends's picture

This just in:  Cause of death was a belt-sander.

LFMayor's picture

Well, it is quicker and more humane than a cheese grater.

remain calm's picture

It's raining bankers. How high will the count go. It's tragic.


SilverIsKing's picture

Doesn't the song go, "it's raining bankers, hallelujah, it's raining bankers, amen?"

Those Weather Girls were clearly ahead of their time.

oefi's picture

The Chineese have a saying: Kill one, teach 100, kill 10 to teach 1000 or just kill all.

JLee2027's picture

In the USA There must be 10,000+ or so "banker executives". So statistically, 2-3 die every week or so on average. I don't see any story here.

OceanX's picture

Except, what is the statistical probablility of suicide with a nail gun? That really puzzles me...

JLee2027's picture

It's not enough to make a vast right-wing conspiracy.

FMR Bankster's picture

So a 77 year old retired banker who worked 15 years ago for a tiny bank in Lincoln Nebraska died. Tyler's this is a real stretch. Come up with some more guys who committed suicide by nail gun if you want to stay with this "story".

NoDebt's picture

<-----  I got 'yer nail gun right here.

I still agree, this one's quite a stretch.  Tell me he shot himself in the back of the head twice, I'm all over it.  Tell me he dies of a heart attack in his hottub, I'm on board.  But this dog don't hunt unless there's more to it than is being reported right now.

jez's picture

I agree with FMR Bankster.


The newspaper report doesn't give Mr Stuart's age (or cause of death), but we know that he joined a little bank in Lincoln in 1969, after graduating. So the latest he could have been born is probably about 1947. So he would have been 66 or 67 years old, and maybe more.


And by the sound of it, he was retired and living in Scottsdale. Maybe he died on the golf course. Maybe he died in his sleep. The poor guy doesn't sound like one of our overlords to me, or an overlord's minion. Retired bank managers (and chiropractors, and truck drivers, and electricians and farmers) die every day. It's normal. What's suspicious about this death?

halfawake's picture

Ditto. I need a chart that analogs this year's banker deaths with a typical year's, then we'll see what's up. Let's add the SP and AUD/USD for kicks.

TBT or not TBT's picture

Nothing vast about that one.

OceanX's picture

Except, what is the statistical probablility of suicide with a nail gun? That really puzzles me...

StandardDeviant's picture

In London there are about 400,000 people employed in the City, and another 130,000 or so in Canary Wharf. Any actuaries out there want to tell us how many of those people are expected to die within any given month?  Keep in mind, too, that it's not like everyone in financial services is a model of sobriety and healthy living, even in these days of relative austerity.

As for "executives"... The poor fellow from JPM was in IT; hardly one of Dimon's drinking buddies.  You have to understand the rampant title inflation in the banks: if you're not at least a "Vice President", your job probably involves cleaning products.

Miss Expectations's picture

Mark Madoff in the living room with a dog leash.

Vice's picture

The gremlin Yellen in the vault with the inkjects

Muenkey's picture

I say it is Hank Paulson in the back room with a Bazooka

DoChenRollingBearing's picture

Mmm, looks like we are starting to see a pattern here.

I wonder if there are other similarities other than being bankers...

AlaricBalth's picture

11/09/13 Patrick Sheehan - Wells Fargo - Killed in auto accident.
Sheehan, whose 26-year banking career included stints at JPMorgan Chase & Co., Citigroup Inc. and Lehman Brothers Holdings Inc., joined San Francisco-based Wells Fargo in June 2010, specializing in not-for-profit health-care clients. He headed the bank’s unit serving that industry for the eastern U.S.

And a banker of Ecobank, Babatunde Oke, on Thursday, died in the custody of the Falomo Police Divisional Headquarters in Lagos, after he was detained for three days over his alleged involvement in a N1.2m fraud. Though the real cause of his death is yet to be ascertained, witnesses said he slumped at the police station after taking a soft drink.

The police in Africa sure know how to treat a banker in custody.

And one more: Banker murdered by gay lovers
CHENNAI: A probe into the murder of a 57-year-old bank official in Velachery last Thursday led investigators to a concoction of unnatural sex, blackmail and retribution.

Wait What's picture

man, my 'one shot per death' bottle of scotch gets lighter by the day.

drinks are on me the day Bernanke or any of his uber-dove minions show up on the ZH blotter.

Leonardo Fibonacci2's picture

When i lose money: i don't get mad, i get stabby !

The Gooch's picture

You're a one trick stabby but that's ok.

Leonardo Fibonacci2's picture

ok so here is another:

Fat Tony: Bart, is it wrong to steal a loaf of bread to feed your starving family? 
Bart: No. 
Fat Tony: Well, suppose you got a large starving family. Is it wrong to steal a truckload of bread to feed them? 
Bart: Uh uh. 
Fat Tony: And, what if your family don't like bread? They like... cigarettes? 
Bart: I guess that's okay. 
Fat Tony: Now, what if instead of giving them away, you sold them at a price that was practically giving them away. Would that be a crime, Bart? 
Bart: Hell, no. 

a growing concern's picture

You don't happen to get nail gun-y, do you? Like 8 shots from a nail gun? To the head and torso?

a growing concern's picture

Jump, you fuckers! Let's pick up the pace, assholes.

rehypothecator's picture

I'm not so sure that the bankers who are dying are the ones we really wish were dying.  

TheReplacement's picture

Maybe they were caught reading too many articles about Snowden releases.

Is anyone keeping track of intelligence analysts suicides?

TheReplacement's picture

He joined some bank in 1969... he was freaking OLD!

As for the rest, the jury is hung by a nailgun.

The Gooch's picture

Apparently that polaroid of him is as well.


TheRideNeverEnds's picture

It is nothing complicated, they had just been short the "market" thinking we are still in some kind of fundamentals driven free market therefore could expect some cyclicality and two sided trade. 


Once they realized this is no longer the case, they killed themselves.  

HardAssets's picture

If this turns out to involve a nail gun or an errant cordless drill, some of us are gonna start to get suspicious.

myne's picture

Is it possible that a lone person is doing enough research on their weak points to convince them to choose to jump?

The age old story: If you don't kill yourself, we will kill your family.

Go read about winding entrails. Many times the victim would wind their own intestines around a tree to save their family.

Dr. Sandi's picture

To whichever Tyler wrote this particular piece of tripe...

Fuck you and the whore you rode in on.

I expect about 10% higher performance levels out of this site than has been evident lately.

Perhaps zombies ate your brain.

Maybe it's just better to publish crap that grabs eyeballs than information that might have some value. I don't know.

But this kind of jolly garbage about really old dead bankers is way beyond the tolerance levels of my bullshit detector.

At least pretend you respect what passes for our collective intelligence when you throw shit at the wall to see if it sticks.


Catflappo's picture

Wow - 9 in the entire world in recent weeks!   That is really really getting up there.

I wonder how it compares to [insert any other profession in the world]?

max2205's picture

The mothership beamed them all UP

DoChenRollingBearing's picture

I hope that there's a lot of room on the mothership.