Sunday, 4 March 2012
More Mass Resignations Hit Banks In February 2012
The numbers are accelerating.
February Fever: Why are Major Bank Executives Resigning Left and Right?
23rd February 2012
By Madison Ruppert
Contributing Writer for Wake Up World PDF D/L in this Link
This month has seen a rash of top level resignations across some of the most major banking institutions across the globe.
There has also been news of potential upcoming resignations which could have a considerable impact as well, not the least of which is the potential resignation of Lloyd Blankfein, chief executive officer (CEO) of Goldman Sachs.
According to Fortune, this could occur as early as this summer, although this is still merely a possibility and far from set in stone.
However, there are many very real and quite perplexing instances of bank heads quitting across major institutions like the World Bank, the Nicaraguan Central Bank, Kuwait’s Central Bank, two of Slovenia’s biggest banks and more.
t appears this trend began some time early this month, perhaps with the resign of Amitabh Chaturvedi, the CEO of Dhanlaxmi Bank Ltd on February 6.
This was supposedly due to Chaturvedi having “serious differences with the board regarding the strategies of the bank. He had different views on several issues. It was coming,” an anonymous bank official told Mint.
Chaturvedi’s resignation was just the beginning. On February 10, Business Standard reported that A K Jagannathan, the managing director and chief executive of Tamilnad Mercantile Bank resigned, citing personal reasons.
Then, on February 13, the Washington Post reported via the official Kuwait News Agency that Sheik Salem Abdulaziz Al Sabah, a member of the Kuwaiti royal family, resigned after 25 years heading up the nation’s central bank.
While the brief announcement gave no immediate reason for the move, internal speculation surrounds his opposition to increased domestic spending, including wage increases.
Just the next day, the head of the Nicaraguan Central Bank, Bloomberg reported that Antenor Rosales quit, apparently over disagreements with Nicaraguan President Daniel Ortega, however an official statement claimed that the resignation was “normal government procedure” and not the result of a disagreement.
The following day brought reports of the CEOs of Slovenia’s two largest banks stepping down along with theplanned resignation of World Bank President Robert Zoellick, who will leave the bank on June 30.
Then the next day, February 16, the chief financial officer of Australia and New Zealand Banking Group Ltd (ANZ Bank) resigned after 15 years as the bank’s CFO. Also on that day, it was announced that Andrew Check would lead the Royal Bank of Scotland’s Australian arm after Stephen Williams resigns in the next three to six months.
On the February 17 the news broke of Blankfein’s possible future resignation along with Bloomberg reporting that Credit Suisse Group AG’s private bank in Signapore’s chief Asian economist, Joseph Tan, resigned.
On February 18 the British Daily Mail reported that Germany’s president, Christian Wulff, resigned over a scandal involving an attempt to gag a press investigation into political favors and possible bribes. While this obviously isn’t a bank executive, it is noteworthy nonetheless as it is still part of the trend of prominent individuals resigning, quitting and otherwise stepping down from their position of power.
The reasons behind this trend are unknown as of yet and indeed they could not be connected in any way, yet I think that is highly doubtful. I am not yet prepared to speculate as to why this is happening with such frequency right now, however I will say that I hope it is due to some serious changes being made in the financial system – hopefully for the good of us all.
About the Author
Madison Ruppert is the Editor and Owner-Operator of the alternative news and analysis database End The Lieand has no affiliation with any NGO, political party, economic school, or other organization/cause. He is available for podcast and radio interviews. If you have questions, comments, or corrections feel free to contact him at admin@EndtheLie.com
Madison Ruppert is the Editor and Owner-Operator of the alternative news and analysis database End The Lieand has no affiliation with any NGO, political party, economic school, or other organization/cause. He is available for podcast and radio interviews. If you have questions, comments, or corrections feel free to contact him at admin@EndtheLie.com
40 RESIGNATIONS FROM WORLD BANKS SINCE 25TH SEPTEMBER 2011
(1) 9/25/11 (SWITZERLAND) Bank chief resigns over ?1.5bn rogue trader crisis
http://www.dailymail.co.uk/news/article-2041385/Oswald-Gruebel-resigns-UBS-boss-steps-Kweku-Adoboli-trading-scandal.html
(2) 10/29/11 (CHINA) Resignations Suggest Shift for China’s Banks
http://online.wsj.com/article/SB10001424052970203687504577003734190522426.html
(3) 11/01/12 (INDIA) More directors of the Beed district bank resign
http://www.thenews.coop/article/more-directors-beed-district-bank-resign
(4) 11/21/11 (JAPAN) UBS?s Japan Investment Banking Chairman Matsui to Resign
http://www.bloomberg.com/news/2011-11-22/ubs-s-japan-investment-banking-chairman-yasuki-matsui-to-resign.html
(5) 11/29/11 (Iran) Iran’s Bank Melli CEO Resigns Over Loan Scam
http://www.dailymotion.com/video/xlcznz_iran-s-bank-melli-ceo-resigns-over-loan-scam_news
(6) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]
http://www.reuters.com/article/2011/12/15/coutts-fleming-idUSL6E7NF23S20111215
(7) 12/22/11 (FRANCE) Societe Generale?s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-chief-steps-down/
12/23/11 (USA VA) Bank feud: Chairman Giles quits VNB with other directors
http://www.readthehook.com/102524/bank-feud-chairman-giles-quits-vnb-other-directors
(8) 1/05/12 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down
http://www.ftadviser.com/2012/01/05/ifa-industry/people/saunderson-house-chief-executive-steps-down-M0vEWlpbSqKA3OCLZDCcGM/article.html
(9)1/09/12 (SWITZERLAND) Switzerland’s central bank chief resigns
http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html
(10) 1/12/12 (United Kingdom) Lloyds? head of wholesale quits
http://www.bankingtimes.co.uk/2012/02/01/lloyds-head-of-wholesale-quits/
(11) 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief quits
http://www.expatica.com/es/news/spanish-news/spanish-bank-santander-s-americas-chief-quits_202395.html
(12) 1/30/12 (UNITED KINGDOM) Head Of UK Private Bank Steps Down [Butterfield Private Bank]
http://www.wealthbriefing.com/html/article.php?title=Head_Of_UK_Private_Bank_Steps_Down&id=43933
(13) 1/20/12 (JAPAN) Normura’s head of wholesale banking quits
http://www.euromoney.com/Article/2959021/Nomuras-head-of-wholesale-banking-quits.html
(14) 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September
http://www.bloomberg.com/news/2012-01-29/new-zealand-reserve-bank-governor-alan-bollard-to-step-down-in-september.html
(15) 1/21/12 (Greece) Banks’ top negotiator quits Greece, but talks go on
http://www.france24.com/en/20120121-banks-top-negotiator-quits-greece-but-talks-go
(16) 2/02/12 (VENEZUELA) Key Chavez Minister Resigns Amid Banking Corruption Fallout
http://www.laht.com/article.asp?CategoryId=10717&ArticleId=348565
(17) 2/05/12 (USA – NY) Two Top Morgan Stanley Bankers Resign
http://www.stockbroker-fraud.com/lawyer-attorney-1133774.html
(18) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html
(19) 2/07/12 (INDIA) Falguni Nayar quits Kotak Mahindra Bank
http://articles.economictimes.indiatimes.com/2012-02-07/news/31031134_1_kotak-mahindra-bank-falguni-nayar-shanti-ekambaram
(20) 2/07/12 (IRAN) Iran denies central bank resignation rumor (don’t believe until its denied?)
http://finance.yahoo.com/news/iran-denies-central-bank-resignation-164154294.html
(21) 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal
http://articles.businessinsider.com/2012-02-09/europe/31040509_1_anti-money-laundering-law-vatican-finances-italian-tv
(22) 2/10/12 (KOREA) Korea Exchange Bank chief steps down
http://english.yonhapnews.co.kr/business/2012/02/10/0503000000AEN20120210005100320.HTML
(23) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259/
(24) 2/13/12 (KUWAIT) Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html
(25) 2/14/12 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-amid-row.html
(26) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank
http://www.socialenterpriselive.com/section/news/people/20120214/social-finance-pioneer-hayday-steps-down-charity-bank
(27) 2/15/12 World Bank CEO Zoellick resigns
http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/
Did the White House tell the World Bank president that he’s out?
http://bosco.foreignpolicy.com/posts/2012/02/15/did_the_white_house_tell_the_world_bank_president_that_hes_out
(28) 2/15/12 (SLOVENIA) Slovenia TWO largest Banks CEO’s (2) resign
http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html
(29) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign
http://www.centralbanking.com/central-banking/news/2152753/parliamentary-committee-calls-kenyan-governor-resign
(30) 2/16/12 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group
http://business.thinkghana.com/pages/finance/201202/57429.php
(31) 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Quits
http://webcache.googleusercontent.com/search?q=cache:ZVfFZypqVIcJ:www.a1saudiarabia.com/4489-saudi-hollandi-banks-md-quits/+&cd=4&hl=en&ct=clnk&gl=us
(32) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns
http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoill
(33) 2/16/12 (UNITED KINGDOM) Royal Bank of Scotland Bankers Arrested
http://www.telegraph.co.uk/finance/financial-crime/9086930/Senior-bankers-caught-up-in-film-investment-tax-probe.html
(34) 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns
http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to-lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981
(35) 2/17/12 (USA) Blankfein out as Goldman Sachs CEO by summer
http://finance.fortune.cnn.com/2012/02/17/gary-cohn-goldman-sachs/
(36) 2/17/12 (SWITZERLAND) SNB Council President To Leave Central Bank
http://online.wsj.com/article/BT-CO-20120217-710604.html
(37) 2/18/12 (PAKISTAN) AJK Bank?s executive steps down
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/national/18-Feb-2012/ajk-bank-s-executive-steps-down?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+pakistan-news-newspaper-daily-english-online%2F24hours-news+%28The+Nation+%3A+Latest+News%29
(38) 2/20/12 (RUSSIA) Head of Russian Bank Regulator Steps Down
http://newsley.com/articles/head-of-russian-bank-regulator-steps-down/206711
(39) 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/2012-02-20/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html
(40) 2/20/12 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorporation, Inc. and Seneca National Bank
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25695731
There is also another list here, should any of the above links not work, this also contains additional Information on Government Officials, Boards of Directors & Hedge Funds
Different source USAHITMAN Link
11-29-11 R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorporation, Inc. and Seneca National Bank
01-07-12 Iran denies central bank resignation rumor
01-09-12 Switzerland’s central bank chief resigns
02-15-12 Silvio Berlusconi Trial: Prosecutors Seek 5-Year Term
02-16-12 Swiss National Bank chairman’s resignation—A pointer to all regulators in India
02-17-12 UPDATE: SNB Council President To Leave Central Bank
02-20-12 Senior bankers caught up in film investment tax probe
02-20-12 RBS and Jefferies staff held as tax evasion investigation widens
02-20-12 Hedge fund boss whose explosive emails finally caught up with him
02-20-12 Tory hedge fund donor fined $80m in the US
Date unknown BELGIUM: Resignations
~~ End ~~
Source
The ‘Double’List
GOVERNMENT RESIGNATIONS
2/6/12
Romanian prime minister and cabinet resign en masse
http://www.guardian.co.uk/world/2012/feb/06/romania-pm-cabinet-resign
2/20/12 (GERMANY) GERMAN PRESIDENT Christian Ruff resigns (financial corruption charges)
http://www.dailymail.co.uk/news/article-2102524/German-President-Christian-Wulff-forced-resign.html
RESIGNATIONS FROM WORLD BANKS:
(1) 9/25/11 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis
http://www.dailymail.co.uk/news/article-2041385/Oswald-Gruebel-resigns-UBS-boss-steps-Kweku-Adoboli-trading-scandal.html
(2) 10/29/11 (CHINA) Resignations Suggest Shift for China’s Banks
http://online.wsj.com/article/SB10001424052970203687504577003734190522426.html
(3) 11/01/12 (INDIA) More directors of the Beed district bank resign
http://www.thenews.coop/article/more-directors-beed-district-bank-resign
(4) 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://www.bloomberg.com/news/2011-11-22/ubs-s-japan-investment-banking-chairman-yasuki-matsui-to-resign.html
(5) 11/29/11 (Iran) Iran’s Bank Melli CEO Resigns Over Loan Scam
http://www.dailymotion.com/video/xlcznz_iran-s-bank-melli-ceo-resigns-over-loan-scam_news
(6) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]
http://www.reuters.com/article/2011/12/15/coutts-fleming-idUSL6E7NF23S20111215
(7) 12/22/11 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-chief-steps-down/
(8) 1/05/12 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down
http://www.ftadviser.com/2012/01/05/ifa-industry/people/saunderson-house-chief-executive-steps-down-M0vEWlpbSqKA3OCLZDCcGM/article.html
(9)1/09/12 (SWITZERLAND) Switzerland’s central bank chief resigns
http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html
(10) 1/12/12 (United Kingdom) Lloyds’ head of wholesale quits
http://www.bankingtimes.co.uk/2012/02/01/lloyds-head-of-wholesale-quits/
(11) 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief quits
http://www.expatica.com/es/news/spanish-news/spanish-bank-santander-s-americas-chief-quits_202395.html
(12) 1/20/12 (JAPAN) Normura’s head of wholesale banking quits
http://www.euromoney.com/Article/2959021/Nomuras-head-of-wholesale-banking-quits.html
(13) 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September
http://www.bloomberg.com/news/2012-01-29/new-zealand-reserve-bank-governor-alan-bollard-to-step-down-in-september.html
(14) 1/21/12 (Greece) Banks’ top negotiator quits Greece, but talks go on
http://www.france24.com/en/20120121-banks-top-negotiator-quits-greece-but-talks-go
(15) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html
(16) 2/07/12 (INDIA) Falguni Nayar quits Kotak Mahindra Bank
http://articles.economictimes.indiatimes.com/2012-02-07/news/31031134_1_kotak-mahindra-bank-falguni-nayar-shanti-ekambaram
(17) 2/07/12 (IRAN) Iran denies central bank resignation rumor (don’t believe until its denied?)
http://finance.yahoo.com/news/iran-denies-central-bank-resignation-164154294.html
(18) 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal
http://articles.businessinsider.com/2012-02-09/europe/31040509_1_anti-money-laundering-law-vatican-finances-italian-tv
(19) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259/
(20) 2/13/12 (KUWAIT) Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html
(21) 2/14/12 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-amid-row.html
(22) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank
http://www.socialenterpriselive.com/section/news/people/20120214/social-finance-pioneer-hayday-steps-down-charity-bank
(23) 2/15/12 World Bank CEO Zoellick resigns
http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/
Did the White House tell the World Bank president that he’s out?
http://bosco.foreignpolicy.com/posts/2012/02/15/did_the_white_house_tell_the_world_bank_president_that_hes_out
(24) 2/15/12 (SLOVENIA) Slovenia TWO largest Banks CEO’s (2) resign
http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html
(25) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign
http://www.centralbanking.com/central-banking/news/2152753/parliamentary-committee-calls-kenyan-governor-resign
(26) 2/16/12 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group
http://business.thinkghana.com/pages/finance/201202/57429.php
(27) 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Quits
http://webcache.googleusercontent.com/search?q=cache:ZVfFZypqVIcJ:www.a1saudiarabia.com/4489-saudi-hollandi-banks-md-quits/+&cd=4&hl=en&ct=clnk&gl=us
(28) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns
http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoill
(29) 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns
http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to-lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981
(30) 2/17/12 (USA) Blankfein out as Goldman Sachs CEO by summer
http://finance.fortune.cnn.com/2012/02/17/gary-cohn-goldman-sachs/
(31) 2/18/12 (PAKISTAN) AJK Bank’s executive steps down
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/national/18-Feb-2012/ajk-bank-s-executive-steps-down?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+pakistan-news-newspaper-daily-english-online%2F24hours-news+%28The+Nation+%3A+Latest+News%29
(32) 2/20/12 (RUSSIA) Head of Russian Bank Regulator Steps Down
http://newsley.com/articles/head-of-russian-bank-regulator-steps-down/206711
(33) 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/2012-02-20/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html
(34) 2/10/12 (KOREA) Korea Exchange Bank chief steps down
http://english.yonhapnews.co.kr/business/2012/02/10/0503000000AEN20120210005100320.HTML
It appears that all the rats are being cleaned out of the banks. One wonders if it is to escape angry citizens or because they are being ferried off to some underground bunker? Add to this list Germany’s President. .. Netanyahu’s Bureau chief – Natan Eschel ….. Las Vegas State Senator Elizabeth Halseth … and more.
Susoni
Romanian prime minister and cabinet resign en masse
http://www.guardian.co.uk/world/2012/feb/06/romania-pm-cabinet-resign
Global bank resignations
Resignations Global Banks ….
1 World Bank CEO Zoellick resigns
http://business.time.com/2012/02/15/…llick-resigns/
2 Anz Bank CFO Australia resigns
http://www.proformative.com/news/147…s-amid-turmoil
3 Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-0…-amid-row.html
4 Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/201…n-resigns.html
5 GERMAN PRESIDENT Christian Ruff resigns
http://www.dailymail.co.uk/news/arti…ed-resign.html
6 Royal Bank of Scotland Austrailin CEO Stephen Williams resigns
http://www.theaustralian.com.au/busi…-1226272513981
7 Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/busine…OAR_story.html
8 Slovenia TWO largest Banks CEO’s (2) resign
http://www.bloomberg.com/news/2012-0…s-resigns.html
9 Bank of India CEO Chaturvedi resigns
http://www.livemint.com/2012/02/0616…itabh-Cha.html
10 Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/ind…resigns/464259
11 GOLDMAN SACHS CEO Blankenfein to resign (Nothing printed on this yet UNLESS this JUST happened. Last article said he is not stepping down in 2011).
http://www.huffingtonpost.com/2011/0…_n_858647.html
http://www.washingtonpost.com/busine…OAR_story.html
12.
N.C. banking official resigns
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=13&ved=0CDgQFjACOAo&url=http%3A%2F%2Fwww.newsobserver.com%2F2012%2F02%2F15%2F1855967%2Fnc-banking-official-resigns.html&ei=6HxCT8bUJNLy2gWwz6GSCA&usg=AFQjCNGleDoGYbSQrE_4mggScv3D9yxQ-w
13. Switzerland’s central bank chief resigns
http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html
***********************
Mass Resignation of the Proxies: Why Are So Many Key Financial Figures Waiving the White Flag?
(some are repeats on this list)
Here are the recent resignations in chronological order:
February 6, 2012: Dhanlaxmi Bank CEO Amitabh Chaturvedi quits: http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html
February 10, 2012: Tamilnad Mercantile Bank MD resigns: http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259/
February 13, 2012: Kuwait central bank chief resigns amid political tensions: http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html
February 14, 2012: Nicaragua’s Central Bank President Antenor Rosales quit admist row:http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-amid-row.html
February 15, 2012: Slovenia’s Two Biggest Banks’ CEOs Step Down: http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html
February 15, 2012: World Bank President Zoellick Resigns: http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/
February 16, 2012: CFO of ANZ Bank Resigns Amid Turmoil: http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoil
February 16, 2012: Royal Bank of Scotland’s Stephen Williams quits the role: http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to-lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981
February 17, 2012: Credit Suisse’s Private Bank Chief Asian Economist Tan Resigns:http://www.businessweek.com/news/2012-02-17/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html
That’s 9 resignations in eleven days, we have not included the other resignations from the likes of the head of the central bank in Switzerland a month ago, and the talk of the head of Goldman Sachs leaving. Why are the heads of very large financial instutitions resigning? Corporate governance experts would say that people resign to make room for new policies, and way of doing things, but this is a peculiar situation of contagion amongst those with key exposure.
The first to see the flame, usually leave the building, maybe this is not the case, nonetheless, such events with obvious patterns should be taken note of.
http://valuebin.wordpress.com/2012/02/20/mass-resignation-of-the-proxies-why-are-so-many-key-financial-figures-waiving-the-white-flag/
REGARDS ......... WASP
PLUS -
There were 12 more in the last day or so ...
* 2/27/12 (GERMANY) Deutsche Bank Americas chief steps down
http://www.cbsnews.com/8301-505245_162-57385821/deutsche-bank-americas-chief-steps-down/
* 2/27/12 (BAHRAIN) Ebrahim Ebrahim quits as CEO of Khaleeji Commercial Bank
http://www.cpifinancial.net/news/post/12845/ebrahim-ebrahim-quits-as-ceo-of-khaleeji-commercial-bank
* 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-chief-steps-down/
* 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
http://twentyfoursevennews.com/banking-finance/elaf-bank-ceo-dr-el-jaroudi-resigns/
* 2/27/12 (JAPAN) Nomura’s Head Of Wholesale Banking Quits
http://atomiclotusbox.wordpress.com/2012/02/27/nomuras-head-of-wholesale-banking-quits/
* 2/27/12 (INDIA) Falguni Nayar Quits Kotak Mahindra Bank
http://atomiclotusbox.wordpress.com/2012/02/27/falguni-nayar-quits-kotak-mahindra-bank/
* 2/27/12 (GERMANY) Equiduct chairman steps down
http://www.efinancialnews.com/story/2012-02-27/equiduct-chairman-steps-down?mod=sectionheadlines-home-TT
* 2/27/12 (BAHRAIN) Al Zain steps down as Mumtalakat Holding CEO
The board of directors of Bahrain Mumtalakat Holding Company (Mumtalakat),Bahrain’s Sovereign Wealth Fund, has accepted the resignation of the Chief Executive Officer, Talal Al Zain, following the completion of a four year term as head of the investment arm for non-oil and gas assets of the Kingdom of Bahrain.
http://twentyfoursevennews.com/bahrain-news/al-zain-steps-down-as-mumtalakat-holding-ceo/
* 2/27/12 (IRAN) Iran’s Bank Melli CEO Resigns Over Loan Scam
http://atomiclotusbox.wordpress.com/2012/02/27/irans-bank-melli-ceo-resigns-over-loan-scam/
* 2/27/12 (INDIA/KASHMIR) AJK Bank’s Executive Steps Down
http://www.monitorkashmir.com/content/ajk-bank-s-executive-steps-down?destination=node%3Ftimeframe%3Dall%26filter%3Dall
* 2/27/12 (UNITED KINGDOM) Moreno to step down at Lloyds Banking Group
Lloyds Banking Group has announced that Glen Moreno, its senior independent director, intends not to seek re-election at the bank’s annual general meeting on 17th May, and will retire from the board on that date.
http://www.bankingtimes.co.uk/2012/02/27/moreno-to-step-down-at-lloyds/
* 2/28/12 (HONG KONG) Leung `to enjoy life’ as she calls it quits
http://www.thestandard.com.hk/news_detail.asp?we_cat=11&art_id=120161&sid=35559525&con_type=1&d_str=20120228&fc=1
Posted by Wish13 to the tap
Saturday, 3 March 2012
Corrupt Banking at the highest levels
I want to thank a good friend for an article she sent over that led me on this rabbit trail. Jill Thanks! It will boggle the minds of most of you but everyone should see it and make themselves read and understand it.
I am going to go over this piece that will leave one with a greater understanding of why so many CEO’s of banks or financial institutions are resigning. This is but one story of who knows how many that are or have gone on out there either in the past or currently. Most importantly we have to ask – where is all the money going?
This will not be a short piece but I assure you I will make it fun and very easy to understand. It is a true labyrinth in the creation of monetary instruments and shenanigans that the elite go through to make it and use it. While you may not think this is important or that you can do anything about it, understand that just us understanding what they are doing exposes the corruption and that alone will cause the end game. Soo with out further ado, I will start.
I would like you all to watch this 11 minute video. It is a man in parliment in London bringing the scheme to the attention of the chamber and asking for a delegation to be set up to look into it. It appears that 15 Trillion is in a void of non compliance and England or two of its banks are on the hook for it. He is genuinly concerned – He is the whistleblower if you will. Here is the piece but please watch the chamber fill until it starts (about two minutes) and then fast forward the thing to 17:20 where Lord Blackheath speaks and notice the attendance then and listen then for the next 11 minutes. This is important but I will talk about attendance later. I am going to ask you to read the transcript of this after you watch it. If you have the ability of two screens, you can watch and read the transcript below at the same time.
Link: http://www.parliamentlive.tv/Main/Player.aspx?meetingId=10093&wfs=true&player=smooth
I would like you take the time to read the transcript now of that same speech verbatim. There is not trickery here but the more you digest the facts, the more it will come together. When you are done reading this, I will then go over it with my edits or notes and it will all come home.
...MORE HERE...the Oldest Profession - redux
Everyone knows that one of the big factors that drove the Internet's exponential explosion over the past 15 years was its less wholesome side. Those who cruise the Web's seedier alleys often are watching slaves at work. Unfree people engage in forced labour for the surfer's online pleasures. This is one not-so-secret, hideous fact on which the Web is built: slaves are never further away from us than a couple of mouse clicks. One Google search makes the global virtual world more decadent than ancient Rome. This is another great Millennial disconnect between the hype about our reality - and our actual reality. The Internet is supposedly the high tech bastion of the shiny, seamless, progressive, Singularity-ridden future. Even more ironically, the Web is home to hackers and Cyber freedom fighters who are fixated on the free sharing of information and oppose what they characterize as evil capitalist copyright enforcers.
But down in its basements and not-so-secluded corners, the Internet has been a medium built by the slavery. One glance at today's virtual reality is that not much has changed over 2,500 years: when they defined the oldest profession, the Greeks classed the lowest stratum of slaves as pornai.
Contemporary slavery is now predicted to outstrip illegal drug trafficking. This year, CNN is publishing articles to raise awareness that slavery is not a lost, purely historical phenomenon. In fact, seemingly abolished slavery never disappeared at all. It is integral to global manufacturing, especially performed by children, in the clothing industry, the production of chocolate, and many other foods and household goods, from women's underwear, to rugs, to designer running shoes. In addition, the myth that life was cheap in the past, but now - after decades of politicking and progressive legislation - we are more humane, is not true. When it comes to slavery, human life is cheaper than it was two hundred years ago. A human being can now be bought for under USD $100; in 1809, a slave cost the equivalent of $40,000 in today's US dollars. Life is cheap, and the Internet is free.
All images shown here are © CNN and are reproduced here solely for non-commercial discussion and review.
Friday, 2 March 2012
Rosie Vanier at The Acorn
Stiff Productions present
Rosie Vanier
on her ‘NEON NIGHTMARE TOUR’
TICKETS: £6 in advance, £7 on the door.
From Cornish Riviera Box Office CLICK HERE or tel 01726 879500
and from Mounts Bay Music, Causewayhead, Penzance.
Or £6 plus £1 booking fee per ticket from Seetickets – CLICK HERE.
Performance 7.30pm. Bar from 7pm.
Cornish girl Rosie Vanier’s early love of glitter and theatrical make-up had an unusual source – The Cure were her babysitters. Teenage band line-ups ebbed and flowed until Rosie’s first modest taste of fame and fortune arrived whilst fronting Rosie and The Goldbug.
Press, radio and TV followed, culminating in international tour shows with one of Rosie’s childhood heroes, Cyndi Lauper.
‘The Neon Nightmare Tour’ in spring 2012 sees Rosie embark on a new, exciting solo adventure armed only with a keyboard, a guitar amp and a microphone.
“Rosie Vanier has a voice that leaps from sugary pop to operatic whoops, her ivories chiming through a repertoire raging from the turbulent to the serene.” – Independent on Sunday
“Kate Bush on crack with Goldfrapp on synths.” – The Guardian
“Soaring melodies, beautifully sung. Rosie is better than ever!” – BBC Introducing Cornwall
“Kicks into a chorus with one heck of a terrific melody. Can’t get enough of this” – Pete Donaldson, Absolute Radio
“As far as EP’s go, this might be one of the best this year… if this is the quality of Vanier’s solo material then there’s definitely room for her eccentric musical prowess and originality in today’s industry. Each year there’s usually a female vocalist newbie that storms the UK charts, and 2012’s slot needs to go to Rosie Vanier” – Will Lavin, Gigwise
www.facebook.com/rosievaniermusic
www.youtube.com/rosievaniermusic
Hearts Have Their Own Brain and Consciousness
Heart Fields
Many believe that conscious awareness originates in the brain alone. Recent scientific research suggests that consciousness actually emerges from the brain and body acting together. A growing body of evidence suggests that the heart plays a particularly significant role in this process.
Far more than a simple pump, as was once believed, the heart is now recognized by scientists as a highly complex system with its own functional “brain.”
Research in the new discipline of neurocardiology shows that the heart is a sensory organ and a sophisticated center for receiving and processing information. The nervous system within the heart (or “heart brain”) enables it to learn, remember, and make functional decisions independent of the brain’s cerebral cortex. Moreover, numerous experiments have demonstrated that the signals the heart continuously sends to the brain influence the function of higher brain centers involved in perception, cognition, and emotional processing.
In addition to the extensive neural communication network linking the heart with the brain and body, the heart also communicates information to the brain and throughout the body via electromagnetic field interactions. The heart generates the body’s most powerful and most extensive rhythmic electromagnetic field.Compared to the electromagnetic field produced by the brain, the electrical component of the heart’s field is about 60 times greater in amplitude, and permeates every cell in the body. The magnetic component is approximately 5000 times stronger than the brain’s magnetic field and can be detected several feet away from the body with sensitive magnetometers.
The heart generates a continuous series of electromagnetic pulses in which the time interval between each beat varies in a dynamic and complex manner. The heart’s ever-present rhythmic field has a powerful influence on processes throughout the body. We have demonstrated, for example, that brain rhythms naturally synchronize to the heart’s rhythmic activity, and also that during sustained feelings of love or appreciation, the blood pressure and respiratory rhythms, among other oscillatory systems, entrain to the heart’s rhythm.
...MORE HERE...
Thursday, 1 March 2012
Constitution Halts Sheriff
Uploaded by freedomfromalldebt on 21 Feb 2012
Meeting this Wednesday 29th at 8pm in the Red Cow Hotel, Dublin
http://FreedomFromAllDebt.com
Judges in the U.S.A. have decided Ben Gilroy is RIGHT!
http://freedomfromalldebt.com/news-atricles/
TV3.ie - The Morning Show - 24th (today's show - Ben Gilroy is on)
On the 20 February 2012 the deputy Sheriff arrived at another Irish family's home to repossess it and give the keys to the bank in Co Laois. Thus putting another Irish family onto the streets.
People from
http://DefendOurHomesLeague.ie
http://ItsNotOurDebt.com
http://UnitedLeftAlliance.org
http://AntiEvictionTaskForce.com
and everyone else that was there.
Ben Gilroy from "Freedom From All Debt.com" questions the sheriff outside the gates to the house and does an interview at the end of the video.
Who is Ben Gilroy? (http://freedomfromalldebt.com/about-us/)
We would like to applaud both the Sheriff and the An Garda SÃochána for there civil manner and understanding of the Constitutional challenges being put forward.
This video is released under the
I hereby release this video under the Creative Commons Attribution-NoDerivs 3.0 Unported License.
Please do not edited the content but feel free to Redistribute.
Download, Show at public meetings etc. (You get the idea)
For photo's please see http://freedomfromalldebt.com/sheriff
Please like and leave comments.
Thanks
BBC: LOCKERBIE EVIDENCE DEMOLISHED

"A police officer ... testified that the fragment of timer which was used to convict Al Megrahi was planted by CIA operatives with the collusion of Scottish police officers ..." Former police chief says Lockerbie evidence faked.
A new Lockerbie documentary demolishes government witnesses' testimony
BBC Scotland has screened a documentary which suggests that Megrahi is innocent and that the evidence in the Lockerbie trial is fake.
The documentary coincides with the publication of John Ashton's Megrahi: You Are My Jury, published on 27 February 2012.
The Ashton book suggests that the Scottish Crown Office, the Scottish police and UK defence ministry scientists failed to disclose numerous pieces of evidence.
Tony Gauci, with some hesitation, identified Megrahi as the man who allegedly bought clothes allegedly wrapped around bomb fragments allegedly found near Lockerbie.
Gauci described the man who allegedly bought the clothes in his shop in Malta.
Gauci described him as being six-foot tall, with a big chest, large head, and very black hair.
This description does not fit Megrahi.

Gauci told police that 'Megrahi' came to his shop on the 29 November.
Then he changed this and claimed that Megrahi came to the shop on 7 December, pointing out that as 'Megrahi' left he opened a black umbrella he had just purchased (later planted among the Lockerbie debris) because it started to rain.
The documentary consulted former chief meteorologist Major Joseph Mifsud, who said there was no rain on 7 December, 1988 between 5pm and 7pm.
Gauci said that when 'Megrahi' came to his shop the Christmas lights had not yet been switched on.
Former minister for tourism Michael Refalo switched on the Christmas lights on 6 December, 1988 at 6pm.
Gauci repeatedly changed his account, including identifying people other than Megrahi, people who did not look at all like Megrahi.
Gauci and his brother Paul were reportedly paid up to USD 3 million by the US Department of Justice.
UK government scientists found significant differences between the bomb timer fragment allegedly found after the attack and the type supplied to Gaddafi's Libya.
LOCKERBIE IS ABOUT HEROIN
CIA FELL OUT WITH SYRIA OVER HEROIN?
CIA DRUG RUNNING; LOCKERBIE
'POLICE LIES' AND 'GOVERNMENT COVER-UP' ON LOCKERBIE.
LOCKERBIE; BELL'S DIARY; 'BRIBERY'; ALEX SALMOND
Posted by Anon