Economic hard times and cuts to local services because of austerity makes suicide more probable (see here and here and here).
In the article entitled Snakes and Ladders: Investment Banking on the Brink excerpted below, Goldman Sachs should readily recognize itself:
"investment banking activities...provided tens of thousands with sometimes exorbitant incomes."
"An era seems to be coming to an end, the era of an industry that led us to believe that what it did was useful. In reality, though, it was lining its pockets by conducting more and more reckless transactions and involving itself in increasingly insane deals and products."
". . . arrogance is being replaced with humility."
". . . the industry had become more and more powerful since the 1990s, and how it gradually disconnected itself from the rest of the world in the belief that it could use formulas and financial models to calculate away all risk."
"But hardly anyone would admit to having made mistakes. Indeed, all of their actions were informed by the logic of a culture that has developed such perverse incentive systems that it will probably take more than a few years to regulate it back to health."
" There is more money at stake in London. . .and the people who work there see themselves as lying at the center of the universe."
"Now that it had been unfettered in this manner, the financial market grew at a tremendous pace, and investment banks became giants with branches all across the world. Goldman Sachs alone increased its total assets in a decade, from $152 billion (€114 billion) to more than $1 trillion. In 2006, the average Goldman Sachs employee was making $622,000." (All excerpts above from page 1 of Snakes and Ladders...)
Snakes and Ladders: Investment Banking on the Brink
By Martin Hesse, Thomas Schulz, Christoph Scheuermann and Anne Seith - Spiegal International
Many investment bankers who are losing their jobs are also moving to hedge funds, where they now place their bets in the hidden world of the shadow banks. Others are looking for loopholes and new areas in which to ply their trade. Investment bank Goldman Sachs, for example, is engaging in risky deals for its own account, despite its insistences to the contrary. The bank's financial jugglers are circumventing a ban on such transactions in the United States by simply making bets for longer terms, which are not covered by the law.
Please read the whole article here