Did a Deutsche Bank TMT associate in New York collapse from overwork?

Amidst febrile complaints that junior bankers' health is still suffering from extreme working conditions, there are suggestions that the latest bank to induce a health emergency in an employee was Deutsche in New York. 

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A popular post on forum website Wall Street Oasis, which has since been removed, claimed that an associate on the bank's technology media and telecoms (TMT) team, allegedly managed by a veteran Deutsche MD, collapsed from exhaustion and was hospitalized last week. 

Deutsche Bank declined to comment on the post. The MD didn't promptly respond to a request to comment, either.

The allegations, which have not been validated, follow complaints about overwork at Deutsche Bank in general and in Deutsche Bank's TMT team in particular. 

As we reported last month, Deutsche Bank's analysts and associates say that following the bank's hiring spree, which resulted in the addition of over 125 senior bankers in a two-year period, they have too many bosses and too few people to do the work. "All these MDs are now pitching like crazy, and we're stuck in a pissing contest between them," said one.

In London, TMT juniors at Deutsche told us previously that their team was particularly overworked. 

Deutsche Bank juniors have complained that the German bank lacks the systems for restricting working hours that US banks have in place. One junior there told us that he logged "multiple 100 hour weeks" and no one senior in his team said anything. 

Although Deutsche insiders say the bank needs more juniors, it continues to avail itself of senior talent on an opportunistic basis. Dan Bailey, the former head of TMT at HSBC, is joining in London, for example.

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