Monday, April 7, 2014

Former executive of one of the banks blamed for creating credit crunch found dead along with his wife, 57, and daughter, 22

A former executive of the bank that helped trigger the Royal Bank of Scotland's collapse has been found dead along with his wife and daughter.
Jan Peter Schmittmann, 57, came under fire for taking a large pay-off after the nationalisation of his troubled bank ABN Amro.
He ran the domestic operations of the Dutch bank between 2003 and 2007 and was widely criticised for landing a £6.6million ($10.95 million) pay-off.
Jan Peter Schmittmann, 57, former Netherlands chief executive of the ABN Amro bank, who has been found dead along with his wife Nelly, 57, and daughter Babette, 22, at their home in the Dutch town of Laren
Jan Peter Schmittmann, 57, former Netherlands chief executive of the ABN Amro bank, who has been found dead along with his wife Nelly, 57, and daughter Babette, 22, at their home in the Dutch town of Laren
Jan Peter Schmittmann, 57, former Netherlands chief executive of the ABN Amro bank, who has been found dead along with his wife Nelly (right), 57, and daughter Babette, 22, at their home in the Dutch town of Laren

It followed the bank's collapse, takeover by RBS and subsequent nationalisation.
Police in the Netherlands said they visited his house in the wealthy commuter town of Laren, east of Amsterdam, early on Saturday after being alerted by a family friend.
There they found his body along with those of his 57-year-old wife Nelly and 22-year-old younger daughter Babette.
 A police spokeswoman said an investigation was underway but that all early clues pointed to a family drama having taken place.
There was no indication that Schmittmann's business dealings had played any role in the tragedy.
The daily Algemeen Dagblad said the three were found by Schmittmann's elder daughter who had come to visit before departing for India, where she had been due to do an internship.

Happier times: Nelly and Babette Schmittmann are pictured together
Happier times: Nelly and Babette Schmittmann are pictured together

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