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BofA reviewing conditions for junior employees

The Associated Press

Bank of America Merrill Lynch says it will be reviewing working conditions of its employees, particularly those of junior staffers, after the death of one of its interns.

Moritz Erhardt, 21, died Aug. 15 in London. Police there said the death was being treated as not suspicious, which means there was no reason to believe anyone else was involved. The circumstances surrounding the death are not yet known.

Some reports speculated that long hours in a competitive environment, common practice in the financial industry, may have played a factor.

Bank of America said Friday that a formal working group will "consider the facts as they become known, to review all aspects of this tragedy, to listen to employees at all levels and to help us learn from them."