He had negotiations with Gotham City boss mobster Carmine Falcone, due Falcone wanted use Gotham City Bank in his bussiness.
He has a luxurious attic in Gotham City that cannot be payed with his salary.
He was visited by Batman convincing him to deny Falcone money does not enter into the bank. After that visit Richard resigned his charge as president.
After that news, Carmine Falcone required his death as a traitor. He sent his nephew Johnny Viti. Finally he died by gunshot a month after his resign.