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Bank of America Strips Exec of Division After Junior Banker’s 100-Hour Workweek Death

Source: wsj.com

Leo Lukenas III, a 35-year-old junior banker and ex-Green Beret, died in May after logging 100-hour weeks on a $2 billion deal.
Bank of America removed Gary Howe from overseeing its profitable FinTech team due to failure to monitor extreme hours.
New tools now track junior bankers' hours closely, flagging work past 2 a.m., amid industry push to cap weeks at 80 hours.

A Bank of America junior banker died after grueling 100-hour workweeks, prompting the bank to demote a top executive and roll out stricter hour-tracking tools. This exposes the brutal culture in investment banking, where young staff burn out on massive deals. It matters because Wall Street's high-stakes world keeps claiming lives, forcing banks to finally enforce limits after years of empty promises.