Massive Bank and High Profile Resignations Across the World [Archive] - Page 2

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Sabrina

13th March 2012, 12:01

From the Facebook Global Mass Resignations site.

General update of all the resignations and cases that got lost in the haystack which is the global news network.
They've been added to The List here: http://tinyurl.com/7fdhsxz

Many thanks to contributor Sophie Choe for finding these! :D

- 3/09 (Bulgaria) Chief of staff of Social Policy resigns

- 3/09 (US) Editor-in-chief of Billboard resigns

- 3/09 (US) Deputy editor of Billboard resigns

- 3/09 (US) Publisher at Billboard resigns

- 3/09 (US) South Carolina governor indicted on seven counts

- 3/08 (Canada) Nunatsiavut Minister of Education and Economic Dev. resigns

- 3/08 (Norway) Chief of ministry of family and equality issues resigns

- 3/08 (US) Cablevision marketing EVP resigns

- 3/08 Bulgarian judge sues interior minister for Libel

- 3/02 (US) Monmouth University president to retire

- 2/28 (Estonia) Skype's manager resigns

- 2/26 (US) Georgia Democratic party chief of staff resigns

- 2/24 (US) CEO of Seattle Chamber of Commerce resigns

- 2/24 (Ghana) Education Minister resigns

- 2/22 (US) President of Paramount Animation resigns

- 2/17 China Sky Chemical Fibre under police investigation

- 2/17 Bulgaria's NHIF director resigns

- 2/17 (Uganda) 2 Gender Ministers resign over corruption scandal

- 2/16 (US) MCSE director resigns under scrutiny

- 2/14 (US) North Carolina bank commissioner resigns

- 2/13 (US) CFO of pharmaceutical company AmerisourceBergen unexpectedly resigns

- 2/09 (China) CEO resigns from China Sky Chemical Fibre

- 1/30 (US) New Jersey commissioner steps down

- 1/27 (US) Google Payments head exec resigns

- 1/25 (US) President and COO of Starz Entertainment and Starz Media suddenly resigns

- 1/18 (Ukraine) Finance Minister resigns

- 1/06 (Singapore) President and CEO of SMRT Group resigns

What's up at Billboard then? Entertainment jumping off as well...

¤=[Post Update]=¤

Tycoon Vekselberg resigns from Rusal’s board
The Associated Press
Tuesday, March 13, 2012 | 3:26 a.m.

Russian billionaire Viktor Vekselberg has stepped down as chairman of aluminum giant Rusal, warning of a "deep crisis" at the company.

The resignation prompted Rusal to suspend trading of its shares Tuesday after they shed 1.3 percent of their value on the Hong Kong Stock Exchange.

Vekselberg said in a statement issued late Monday that Rusal was being badly managed and had been weighed down by debt.

The company, the world's largest aluminum producer, replied Tuesday by saying it had planned to replace Vekselberg for failing to fulfill his duties as board chairman over the past year.

Vekselberg had chaired the board of Rusal since its founding in 2007. He is Rusal's third-largest shareholder and holds a 15.8 percent stake in the company.

http://en.gazeta.ru/news/2012/03/13/a_4089045.shtml

Viktor Vekselberg, one of the largest shareholders of CO Rusal has resigned as the chairman of the company.
"Unfortunately, I have to state that currently CO Rusal is in a deep crisis, triggered by the managers' actions. They turned Rusal from the world aluminum leader into a company, overburdened with debts, involved into a number of lawsuits and social conflicts," Veklselberg, 54, said in an online statement......
Trading in the aluminum producer in Hong Kong was suspended at 9:31 a.m. local time after it opened 1.3 percent lower. It has fallen 43 percent since it sold shares in January 2010 at HK$10.80 in an initial sale to raise $2.34 billion.

Sabrina

13th March 2012, 12:08

http://www.portugaldailyview.com/01-whats-new/press-review-tuesday-13-march
PORTUGAL
PRESS REVIEW – TUESDAY, 13 MARCH
The main headlines in the Portuguese press this Tuesday are reporting on the resignation of Secretary of State for Energy Henrique Gomes after his clash with the government regarding the contributions paid to power utilities.

Other leading stories include a case of tax fraud inside the state-owned bank Caixa Geral de Depósitos.

Sabrina

13th March 2012, 12:13

http://www.guardian.co.uk/football/2012/mar/12/fifa-ricardo-teixeira-resigns

Fifa corruption intrigue deepens as Brazil's Ricardo Teixeira resigns
• Brazil confederation president a key figure in Fifa for 22 years
• Teixeira blames ill-health and insists: 'I've done my duty'

The intrigue enveloping Fifa has deepened with the resignation of Ricardo Teixeira, president of the Brazilian football confederation (CBF) for 22 years and a long-time powerful figure within football's world governing body. Under pressure in Brazil over the organisation of the 2014 World Cup and at Fifa following a series of corruption allegations, Teixeira's resignation has been predicted for months. When it came, however, he said it was on the grounds of ill-health. Last year Teixeira took temporary leave of absence for diverticulitis, a bowel condition.

bluestflame

13th March 2012, 12:17

prophecies of the bankers hanging from the lamp posts in wall street comes to mind

Sabrina

13th March 2012, 12:25

http://www.dailymail.co.uk/news/article-2114290/Rebekah-Brooks-arrested-husband-Charlie-Operation-Weeting-phone-hacking-probe.html?ITO=1490
13 MARCH
Former News International boss Rebekah Brooks and her husband among six arrested in phone hacking dawn raids
Five men and one woman arrested on suspicion of conspiracy to pervert the course of justice
Rebekah Brooks and millionaire husband Charlie arrested at their Chipping Norton home
23 people have now been arrested under Operation Weeting, the phone-hacking probe
Rebekah Brooks and her millionaire husband have been arrested on a day of dramatic developments in the phone hacking scandal.

The former News of the World editor is one of six people held today in a series of dawn raids carried out by Metropolitan Police officers.
News International head of security Mark Hanna was also among those arrested, according to Sky News.
All of the individuals were arrested on suspicion of conspiracy to pervert the course of justice under Operation Weeting.

Mrs Brooks, 43, and her racehorse trainer husband Charlie, 49, an Eton schoolfriend of David Cameron, were arrested at their home in Chipping Norton, Oxfordshire.
The former News International chief executive is being questioned at an Oxfordshire police station, while Mr Brooks is being interviewed at a Buckinghamshire police station.
Officers are searching several addresses in London, Oxfordshire, Hampshire and Hertfordshire, Scotland Yard said.

(full story at the link - and cannot remember where down the rabbit hole I read that the system they may have hacked into/or dipped into, isn't the conventional one we think it is?).

And the Sky News story on it here:
Brunt said one of the men is head of security at News International, Mark Hanna, who was arrested at a business premises in east London.
http://news.sky.com/home/uk-news/article/16187709

Sabrina

13th March 2012, 12:34

And re: the News Int. story above:

http://content.met.police.uk/News/Six-arrests-re-Op-Weeting/1400007318250/1257246745756
Metropolitan Police Release (UK)

Six arrests re Op Weeting

Police have today (Tuesday, 13 March) arrested six people at addresses in London, Oxfordshire, Hampshire and Hertfordshire.

The co-ordinated arrests were made between approximately 0500 and 0700 this morning by officers from Operation Weeting, the MPS inquiry into the phone-hacking of voicemail boxes.

All six - five men and one woman - were arrested on suspicion of conspiracy to pervert the course of justice, contrary to the Criminal Law Act 1977.

A number of addresses connected to the arrests are being searched.

Today's operation follows consultation with the Crown Prosecution Service.

Details of the arrests are as follows:

A 49 year old man was arrested at his home address in Oxfordshire and is being interviewed at a Buckinghamshire Police Station.

A 43 year old woman was arrested at her home address in Oxfordshire and is being interviewed at an Oxfordshire police station.

A 39 year old man was arrested at his home address in Hampshire and is being interviewed at a South West London police station.

A 46 year old man was arrested at his home address in West London and is being interviewed at a central London police station.

A 38 year old man was arrested at his home address in Hertfordshire and is being interviewed at a central London police station.

A 48 year old man was arrested at a business address in East London and is being interviewed at an East London police station.

Sabrina

13th March 2012, 12:47

More on News International and Rebekah Brooks

http://www.thedailybeast.com/features/2012/rebekah-brooks.html

Former Murdoch deputy bagged with husband.

Rupert Murdoch’s flame-haired former deputy Rebekah Brooks is back in jail, part of a police sweep that took in five others in an investigation into phone hacking at News Corp. Brooks’s husband, horse trainer Charlie Brooks, was also taken in. The arrests constitute the biggest haul since the beginning of the investigation; police say that several addresses related to the arrests were also searched. Brooks was editor of News of the World and then CEO of News International, Murdoch’s newspaper arm, until she resigned in July. She was arrested and bailed out last summer.

and Nov 2011 report:
Report: Murdoch Gave Brooks $2.72M Severance
Plus office, limousine after she resigned.

This should raise a few red flags: Rupert Murdoch allegedly gave former News International chief executive Rebekah Brooks roughly $2.72 million in cash, a London office, and a limousine as part of her severance. Brooks quit in July amid hacking allegations aimed at the company's News of the World tabloid and was arrested and subsequently released on bail days after she resigned. The question of why Brooks was given such a generous severance package will no doubt be raised when James Murdoch, Rupert Murdoch's son, returns to Westminster on Thursday to answer more questions from the Commons Culture, Media and Sport Select Committee about his knowledge of illegal activities that went down at the paper. (before he resigned this year....).

Sabrina

13th March 2012, 12:54

KPMG's new boss has the X-factor
Daily Telegraph Finance UK - 13 March
X-rated stuff from big four accountancy firm KPMG.
At 11.30am yesterday partner Simon Collins was announced as the new UK boss.
The opening line of the carefully crafted statement, on the front of KPMG’s media page, read: “KPMG has announced that XXX will become its new UK Chairman and Senior Partner.”
Racy. Well its corporate colour is blue.

:)

Sabrina

13th March 2012, 13:01

http://thedailywh.at/2012/03/11/kcco-parody-poster-of-the-day/?fb_ref=newcontenthole

Eric J (Viking)

13th March 2012, 19:14

This seems to be bordering on ridiculous !!! 320 now !!

320 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS
http://americankabuki.blogspot.com/p/131-resignations-from-world-banks.html

viking

RunningDeer

13th March 2012, 20:06

:whoo: Once again, thank you, Sabrina! :crazy_pilot:

foreverfan

13th March 2012, 23:23

:whoo: Once again, thank you, Sabrina! :crazy_pilot:

I couldn't agree more. Thank you.

Sabrina

13th March 2012, 23:31

Via the Facebook resignation site - these are arrests and investigations:

3/13/12 (EUROPE) Senior salesman Nicholas Kyprios at Credit Suisse fined 210,000 pounds by the FSA
http://tinyurl.com/8y28z76

3/13/12 (UK) Ex-Murdoch aide Rebekah Brooks re-arrested along with her husband and four others
http://tinyurl.com/85o3z9f

3/12/12 (USA) Banks’ lawyer accuses MBIA chief of insider trading
http://tinyurl.com/77rlanj

3/11/12 (INDIA) Former Maharashtra minister Suresh Jain arrested in housing scam
http://tinyurl.com/7ypfcg6

3/11/12 (UK) Businessman Kautilya Pruthi held for mega fraud
http://tinyurl.com/7emdvqy

3/10/12 (CHINA) CAD arrests former independent director of China Sky in ongoing investigation
http://tinyurl.com/7fbwx7a

3/09/12 (NIGERIA) Task force chairman embezzles N21 billion – to be arrested
http://tinyurl.com/7df66dm

3/09/12 (USA) South Carolina governor Ken Ard indicted on seven counts
http://tinyurl.com/6ojejbl

3/08/12 (USA) Former bank manager Pamela Kay Cobb accused of fraud
http://tinyurl.com/7xwzm5u

3/08/12 (BULGARIA) Bulgarian judge sues interior minister Tsvetan Tsvetanov for Libel
http://tinyurl.com/7f93y3c

3/08/12 (UK) Former CEO of Rupert Murdoch’s British newspaper operation Rebekah Brooks arrested
http://tinyurl.com/6sfbdav

3/07/12 (HAITI) FORMER DIRECTOR of HAITI CENTRAL BANK SLAIN!
http://goo.gl/UtVz3

3/07/12 (INDONESIA) Ex-Citigroup Indonesia banker Inong Malinda Dee sentenced to 8 years in prison for client theft
http://tinyurl.com/7q34q4s

3/06/12 (USA) Billionaire R. Allen Stanford convicted in $7 Billion investment fraud scheme
http://tinyurl.com/7tlmf4w

3/06/12 (Not Specified) Ex-Porsche CFO Holger Haerter charged with fraud
http://tinyurl.com/78xfn85

3/06/12 (USA) Biden campaign donor Christopher Tigani sentenced to two years in prison for campaign funding, tax crimes
http://tinyurl.com/7sn7wcl

3/05/12 (USA) FDA chemist Cheng Yi Liang sentenced for 5 years in prison for insider trading
http://tinyurl.com/7mlgern

3/04/12 (INDIA) CID Crime arrests CEO and MD in Gujarat bank fraud case
http://tinyurl.com/6wag92n

3/02/12 (USA) Senior Morgan Stanley investment banker William Jennings arrested
http://tinyurl.com/7m5exd5

3/02/12 (JAPAN) NTT East president Toshiyuki Takeuchi arrested alongside employee
http://tinyurl.com/7v5rsxx

3/01/12 (USA) Former CEO of MUS Dunard Morris indicted for embezzlement & fraud
http://tinyurl.com/7eftpcs

3/01/12 (HONG KONG) Hong Kong’s chief executive Donald Tsang faces corruption probe
http://tinyurl.com/7qxals6

3/01/12 (SOUTH KOREA) Financial chief Kim Seung-yu of Hana Financial Group faces probe
http://tinyurl.com/7729adz

3/01/12 (UK) Defence editor of Sun Newspaper Virginia Wheeler arrested over corruption claims
http://tinyurl.com/8263jgc

3/01/12 (SUDAN) Arrest warrant for defence minister Abdel-Rahim Mohamed Hussein
http://tinyurl.com/87lefje

3/01/12 (UK) FSA arrests three in insider dealing investigation
http://tinyurl.com/858mq3q

Ongoing (JAPAN) Olympus scandal involves 7 arrests of various CEO’s and top executives
http://tinyurl.com/7nhffab

2/29/12 (USA) Banks may face charges from SEC (U.S. Securities and Exchange Commission)
http://tinyurl.com/7k3l5y9

2/28/12 (USA) U.S. Justice department conducting criminal probe of world’s biggest banks
http://tinyurl.com/7qheptc

2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
http://cli.gs/x2t1wsm

2/27/12 (NIGERIA/UK) Former governor of Delta State (oil) James Ibori pleads guilty
http://tinyurl.com/7prafzs

2/24/12 (NEW ZEALAND) 4 Lombard directors found guilty of Securities Act charges
http://tinyurl.com/7b6cvz7

2/17/12 (CHINA) China Sky Chemical Fibre under police investigation
http://tinyurl.com/7bzcbwn

2/16/12 (UK) Royal Bank of Scotland senior equities trader Jason Edinburgh arrested
http://cli.gs/nnlsmn3

2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh arrested
http://cli.gs/nnlsmn3

2/16/12 (UK) Marex Spectron senior trader Michael Elsom arrested
http://cli.gs/nnlsmn3

2/15/12 (UNITED KINGDOM) Hedge fund boss whose explosive emails finally caught up with him
http://tinyurl.com/6mklbpj

2/09/12 (USA) Rep. Spencer Bachus faces insider-trading investigation
http://tinyurl.com/7eqfzbh

2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal
http://tinyurl.com/76zmv68

2/02/12 (VENEZUELA) Banking Crisis: Arne Chacon arrested for Banking Corruption
http://cli.gs/6p4qud9

Sabrina

13th March 2012, 23:36

Latest departures via the Facebook global resignations site:

3/13/12 (ABU DHABI) CEO of National Bank of Abu Dhabi Michael Tomalin to retire
http://tinyurl.com/7hlplmy

3/13/12 (ISRAEL) Osem Investments Ltd. CEO Gazi Kaplan steps down
http://tinyurl.com/7ml7q9m

3/13/12 (USA) Eaton Vance CFO and treasurer Robert J. Whelan steps down
http://tinyurl.com/6lvqrgj

3/13/12 (UK) Chairman Mike Wooderson of Mithras Investment Trust to step down
http://tinyurl.com/7kdsx95

3/13/12 (USA) President of PHH Mortgage Luke Hayden resigns
http://tinyurl.com/6te9879

3/13/12 (USA) Company treasurer of PHH Mortgage Mark Johnson resigns
http://tinyurl.com/6te9879

3/13/12 (AUSTRALIA) Westpac Group head of corporate affairs David Bell steps down
http://tinyurl.com/7hy78nj

3/13/12 (UK) Head of systemic trading Qiang Dai to leave Capula Investment Management LLP
http://tinyurl.com/7g8495y

Sabrina

14th March 2012, 06:52

http://news.oneindia.in/2012/03/14/bjp-mla-quizzed-in-shehla-case-resigns-from-party-post.html
INDIA 14 MARCH

BJP MLA quizzed in Shehla murder case resigns from party post

Bhopal, Mar 13: BJP MLA Dhruv Narayan Singh, who has been questioned by CBI in connection with the murder of RTI activist Shehla Masood, resigned from the post of Vice-President of Madhya Pradesh BJP.

Confirming the resignation, a BJP spokesman said Singh has forwarded his resignation letter to the party's state unit president, Prabhat Jha.

Sabrina

14th March 2012, 07:30

Intriguing this story when you look at it and the US legalisation behind it.

http://in2eastafrica.net/rma-boss-finally-quits/

The Rwanda Mining Association (RMA) has accepted the resignation of its president, Jean Paul Higiro. This follows allegations that his mining company, Africa Primary Tungsten (APT), was involved in illegal tagging of minerals.

The Rwanda Mining Association (RMA) has accepted the resignation of its president, Jean Paul Higiro. This follows
allegations that his mining company, Africa Primary Tungsten (APT), was involved in illegal tagging of minerals.

The incident led to APT’s ban from mineral trading by the International Tin Research Institute (ITRI), the mining watchdog while the company’s case is being closely followed by the Police’s Criminal Investigation Department.........
Alongside APT, which is one of the biggest taxpayers in the country, four other mining companies were blacklisted for illegally tagging minerals and suspended locally for six months by the Geology and Mines Department (GMD).

and background:

http://www.newtimes.co.rw/news/index.php?i=14924&a=51028

The mineral tagging scheme in Rwanda began in 2010, following an American legislation signed by Barack Obama on July 21, 2010, which required electronics companies to verify and disclose their sources of “conflict minerals”.

Sabrina

14th March 2012, 07:35

http://www.budgetairlineguide.com/news/410/ceo-of-south-africas-1time-airline-resigns/

CEO of South Africa’s 1Time airline resigns

on MARCH 14, 2012 in AFRICA

1Time, the South African budget airline, has announced the resignation of CEO Rodney James. Michael Kaminski, the airline’s executive director, has also stepped down from his position.

“Mr. Kaminski will be serving his notice period up until the end of May, during which time the board will undertake the process to find a suitable replacement for him,” read the statement from 1Time.

Muzz

14th March 2012, 07:37

Another one possibly. Might already be listed but couldnt see it.
CME Group Inc said its chief executive officer Craig Donohue will step down at year end, when his contract expires. (http://www.reuters.com/article/2012/03/12/cme-ceo-idUSASA03SYB20120312)

Sabrina

14th March 2012, 07:38

Pyrrho welcomes resignation of MWB chief executive
8 March 2012 | 14:38pm UK

StockMarketWire.com - Pyrrho Investments has welcomed the resignation of MWB chief executive Richard Balfour-Lynn and called on the board to tackle the structural deficiencies in the group's capital structure.

Pyrrho said that Balfour-Lynn presided over a massive and unacceptable destruction of shareholder value since late 2009 with the share price falling more than 75% in the past year alone.

Sabrina

14th March 2012, 07:44

http://courantblogs.com/capitol-watch/27-fired-10-retirements-in-food-stamp-fraud-scandal/
USA

27 Fired, 10 Retirements, 5 Resignations In Food Stamp Fraud Scandal

by CHRISTOPHER KEATING on MARCH 12, 2012
The food stamp fraud scandal has now led to the firings of 27 state employees and the retirements of 10 others, Gov. Dannel P. Malloy announced announced Monday afternoon.

In addition, five state employees have resigned their positions instead of going through the long process of hearings and arbitration in order to try to save their jobs. All 42 employees who have left state service are potentially subject to criminal sanctions, but no arrests have been announced.

modwiz

14th March 2012, 07:44

prophecies of the bankers hanging from the lamp posts in wall street comes to mind

I think they are beginning to have nightmares like that. They'd give the bonuses back, but they have already spent it for tuitions to keep their kids away from ours. Oops! :doh:

Sabrina

14th March 2012, 07:48

http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=2&pagewanted=1&src=twr

Why I Am Leaving Goldman Sachs
By GREG SMITH
Published: March 14, 2012

TODAY is my last day at Goldman Sachs. After almost 12 years at the firm — first as a summer intern while at Stanford, then in New York for 10 years, and now in London — I believe I have worked here long enough to understand the trajectory of its culture, its people and its identity. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.

To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money. Goldman Sachs is one of the world’s largest and most important investment banks and it is too integral to global finance to continue to act this way. The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for.

It might sound surprising to a skeptical public, but culture was always a vital part of Goldman Sachs’s success. It revolved around teamwork, integrity, a spirit of humility, and always doing right by our clients. The culture was the secret sauce that made this place great and allowed us to earn our clients’ trust for 143 years. It wasn’t just about making money; this alone will not sustain a firm for so long. It had something to do with pride and belief in the organization. I am sad to say that I look around today and see virtually no trace of the culture that made me love working for this firm for many years. I no longer have the pride, or the belief.

But this was not always the case. For more than a decade I recruited and mentored candidates through our grueling interview process. I was selected as one of 10 people (out of a firm of more than 30,000) to appear on our recruiting video, which is played on every college campus we visit around the world. In 2006 I managed the summer intern program in sales and trading in New York for the 80 college students who made the cut, out of the thousands who applied.

I knew it was time to leave when I realized I could no longer look students in the eye and tell them what a great place this was to work.

When the history books are written about Goldman Sachs, they may reflect that the current chief executive officer, Lloyd C. Blankfein, and the president, Gary D. Cohn, lost hold of the firm’s culture on their watch. I truly believe that this decline in the firm’s moral fiber represents the single most serious threat to its long-run survival.

Over the course of my career I have had the privilege of advising two of the largest hedge funds on the planet, five of the largest asset managers in the United States, and three of the most prominent sovereign wealth funds in the Middle East and Asia. My clients have a total asset base of more than a trillion dollars. I have always taken a lot of pride in advising my clients to do what I believe is right for them, even if it means less money for the firm. This view is becoming increasingly unpopular at Goldman Sachs. Another sign that it was time to leave.

How did we get here? The firm changed the way it thought about leadership. Leadership used to be about ideas, setting an example and doing the right thing. Today, if you make enough money for the firm (and are not currently an ax murderer) you will be promoted into a position of influence.

What are three quick ways to become a leader? a) Execute on the firm’s “axes,” which is Goldman-speak for persuading your clients to invest in the stocks or other products that we are trying to get rid of because they are not seen as having a lot of potential profit. b) “Hunt Elephants.” In English: get your clients — some of whom are sophisticated, and some of whom aren’t — to trade whatever will bring the biggest profit to Goldman. Call me old-fashioned, but I don’t like selling my clients a product that is wrong for them. c) Find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym.

Sabrina

14th March 2012, 07:55

Energy sector is noticeable in all of this.

http://www.proactiveinvestors.com.au/companies/news/25246/kedco-director-smiddy-resigns-newry-plant-commissioning-on-track-for-q2-this-year-25246.html

Kedco director Smiddy resigns; Newry plant commissioning on track for Q2 this year

Tuesday, February 14, 2012 by Jamie Ashcroft
Kedco (LON:KED) today announced the resignation of director Alf Smiddy and updated investors its wood gasification plant in Newry, Northern Ireland.

Following Smiddy's resignation, the clean energy firm has four non-executive directors and it will not seek to increase that number, it said.

Sabrina

14th March 2012, 08:00

http://www.cbsnews.com/8301-505123_162-57395370/ceos-selling-stock-sign-of-a-downturn/?tag=cbsnewsLeadStoriesAreaMain

March 12, 2012 11:24 AM

CEOs selling stock -- sign of a downturn?
By Dan Burrows

(MoneyWatch) Corporate insiders such as C-level executives and directors know more about their businesses than you do. That's why the recent spike in insider selling is spooking some more pessimistic market watchers.

Indeed, John Hussman, the well-regarded manager of Hussman Funds, cites an Investors Intelligence report showing that corporate insiders are now selling shares at levels associated with "near panic action."

"Since corporate insiders typically receive stock as part of their compensation, it is normal for insiders to sell about two shares on the open market for every share they purchase outright," Hussman says in a new note to clients. "Recently, however, insider sales have been running at a pace of more than 8-to-1."

Sabrina

14th March 2012, 08:08

http://www.telegraph.co.uk/news/uknews/phone-hacking/9142094/Arrests-of-Rebekah-and-Charlie-Brooks-cast-shadow-on-David-Camerons-arrival-in-US.html
UK

Arrests of Rebekah and Charlie Brooks cast shadow on David Cameron’s arrival in US
David Cameron is facing fresh questions over his friendship with Rebekah Brooks after the former News International chief executive was arrested on suspicion of perverting the course of justice in relation to the phone hacking investigation.

Downing Street conceded that the Prime Minister could be questioned under oath about his close ties to Mrs Brooks and her husband Charlie, who was also arrested on suspicion of the same offence. The Prime Minister could be required to give evidence to the Leveson Inquiry later this year.

The arrests of Mr and Mrs Brooks on suspicion of an offence which carries a maximum sentence of life imprisonment coincided with Mr Cameron’s arrival in the US, where he is spending two days as a guest of President Barack Obama.
Mr Cameron, who earlier this month described Mr Brooks as a “good friend for over 30 years”, could face questions on the matter as early as today when he attends a press conference in the Rose Garden of the White
House.

There's some hinting going on here!!

Sabrina

14th March 2012, 08:36

Pie'n'eal's only gone to become the 321 IMO. He could withdraw his resignation and buck the trend.....

modwiz

14th March 2012, 08:42

G.Deluca

14th March 2012, 09:01

https://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html

just got this form anonymous twitter account

modwiz

14th March 2012, 09:03

Eric J (Viking)

14th March 2012, 13:05

Another update here...

quote...
It's absolutely NOT theory.

Many of these "resignations" are commanded. These Old world Order
controllers are being removed for their crimes against humanity.

They are being removed by the White Dragons and White Knights and their allies, many of whom are philanthropists using their wealth to help rather than control the masses. These are people who have the BEST interests for ALL of humanity at heart. They are taking out a-moral corrupt individuals from Banking, Corporate, as well as Government and replacing them with others who are constructive to Life.

The WDs, WKs and their Allies are people who are determined to see to it that suffering, poverty, pollution etc. are removed from this planet. Everyone is meant to be financially free.

Everyone is meant to have access to the 100's of advanced technologies
(hidden & repressed by the controllers until now) that will make life easier for them. Free advanced Medical technologies that doesn't include pharmaceutical drugs. Free Communication. Free Heat and Light for their homes. Totally healthy pure foods. Clean Air. Pure Clean Water. Non polluting inexpensive Transportation. These things will be made available very soon.

The main thing is to have NO Fear. There is nothing to Fear.
ALL can and will rejoice over this soon.

Following the economic crisis in the Fall of 2008, Interpol launched a high level investigation by their financial crimes unit. One of my contacts in Zurich and one in Monaco have both independently told me that many of these bankers are being charged with international financial crimes such as money laundering, wire fraud, embezzlement, etc. Because they are "small fish" in the overall scheme, many are being allowed to "resign" WITHOUT their bonuses and severance packages
ONLY after revealing everything they know about the overall plan. It is a massive swindle designed to bankrupt the world's economies in order to install a global government and a global currency, and it reaches into the highest levels of Western governments.

For those who are reactively reaching for the can of "Conspire-B-Gon" at the very thought of such widespread corruption, I have a question.

Do you not find it even a little bit odd that there is NO mention of these events in the American media?

American Kabuki has done a stellar job citing sources for the stories about this recent rash of resignations and the overwhelming majority are from major newspapers... yet, nothing here. I don't even recall a mention of the President of Germany being forced to resign in the American media. If nothing else, the number of high level resignations in the financial field in this short a period of time is an historical anomaly. I checked. It's hasn't happened since 1929!

We are told the economy is improving and everything is rosy. Really? Look around you. Really???

Doesn't anyone find this just a wee bit odd?

Why the clean up of the world's Dark Cabal is starting with resignations of bankers. Next will come arrests.
320 resignations and increasing fast.

http://americankabuki.blogspot.com/p/131-resignations-from-world-banks.html

First half "Getting closer to fully exposing the greatest con & cover-up in history" on CNBC & then Anonymous

http://www.youtube.com/watch?v=JdupeH4H33g&feature=related

http://i113.photobucket.com/albums/n207/rixboo13/Misc%20Images/funny-gif-domino-Lego-pyramid-falling-apart-1.gif

~~~~~~~~

viking

DreamsInDigital

14th March 2012, 17:41

Mainstream Source talks about Goldman Sachs Resignation. It's starting to break the Mainstream!

Exec: Goldman officials called clients 'muppets'
By CHRISTINA REXRODE AP Business Writer The Associated Press
Wednesday, March 14, 2012 9:17 AM EDT

NEW YORK (AP) — An executive resigning from Goldman Sachs, the powerful investment bank, said in a blistering essay that the company had lost its "moral fiber" and said managing directors there referred to clients as "muppets."

Greg Smith, an executive director at Goldman, said the company needs to "weed out the morally bankrupt people" and suggested the erosion of Goldman's culture threatened its survival after 143 years.

Smith wrote that he attended sales meetings in which helping clients make money was not part of the discussion.

"If you were an alien from Mars and sat in on one of these meetings, you would believe that a client's success or progress was not part of the thought process at all," he wrote.

The essay was published Wednesday on the Op-Ed page of The New York Times. It quickly became popular online and was among the topics "trending" on Twitter, the social network.

In a statement, Goldman Sachs said it disagreed with Smith's assessment.

"In our view, we will only be successful if our clients are successful," the statement said. "This fundamental truth lies at the heart of how we conduct ourselves."

Goldman declined to say whether it knew about the essay before it was published.

Goldman is one of the most influential companies on Wall Street and has been called the New York Yankees of finance. Its alumni have advised presidents and run other major companies.

Among its former CEOs are Henry Paulson, who left the company to join the administration of George W. Bush and pushed for the $700 billion bank bailout during the 2008 financial crisis, and Jon Corzine, the former governor of New Jersey.

Smith wrote that there are easy paths to becoming a leader at Goldman, including persuading clients to invest in products the company wants to get rid or will bring the most profit to Goldman.

Another way, he said, is to "find yourself sitting in a seat where your job is to trade any illiquid, opaque product with a three-letter acronym."

Smith was identified by the Times as head of the company's United States equity derivatives business in Europe, the Middle East and Africa.

Copyright 2012 The Associated Press.
http://charter.net/news/read.php?rip_id=%3CD9TG9KMO0%40news.ap.org%3E&ps=1018

fractal being

14th March 2012, 20:05

Sabrina

14th March 2012, 22:54

Facebook Resignation Site today:

3/14/12 (USA) Goldman Sachs executive director Greg Smith resigns
http://tinyurl.com/7r8hz6v

3/14/12 (CHINA) Non-exec director of New China Life Insurance Co. Guocang Huan resigns
http://tinyurl.com/8xh2j7t

3/14/12 (UK) Chief executive of spread-betting group WorldSpreads Conor Foley resigns
http://tinyurl.com/7rmzseu

¤=[Post Update]=¤

http://www.reportingproject.net/occrp/index.php/en/ccwatch/cc-watch-briefs/1394-albania-former-minister-and-deputy-indicted-for-corruption

Albania: Former Minister And Deputy Indicted For Corruption
MONDAY, 12 MARCH 2012 16:22
Albania’s former economy minister Dritan Prifti and his deputy Leonard Beqiri have been indicted for corruption, the court announced Thursday.

Prosecutors found a video of Prifti on his computer showing him and Beqiri dividing up €69,000 between them.

The video was discovered during an investigation into former deputy PM Ilir Meta, who was featured in a video where he discussed secret illegal deals.. In a controversial ruling which raised alarms among the opposition and in Brussels, Albania’s Supreme Court acquitted him in January, citing insufficient evidence.

An American technology expert hired by the court to determine the authenticity of the Meta video uncovered footage of Prfti and Beqiri.

All three men deny the allegations against them.

Sabrina

14th March 2012, 22:58

http://www.abovetopsecret.com/forum/thread818860/pg1

Interesting resignations' graph on ATS.

Sabrina

14th March 2012, 23:03

http://www.standardmedia.co.ke/InsidePage.php?id=2000054099&cid=4
Kenya 15 March
House wants Governor probed, bank bosses to quit

By David Ochami

Parliament adopted an investigative report on fall of the shilling whose recommendations show Central Bank Governor whose name members voted to expunge is not out of the woods yet.

The report though amended last week, allegedly with help of corruption in the corridors of the House, to take away Njuguna Ndung’u’s personal responsibility as the chief regulator, however still bears far-reaching recommendations that still places Governor on a spot.

With the passage of the report a fresh probe of foreign currency dealings and large scale borrowing from CBK by 12 leading banks last year has been set motion. This means Prof Ndung’u and CBK could still be on the crosshairs of the Ethics and Anti-Corruption Commission and the Auditor General. These are the institutions Parliament asked to investigate CBK’s foreign currency dealings and its operations of the Discount Window through which commercial banks borrowed Sh600 billion during the year the shilling weakened to a record low.

Sabrina

14th March 2012, 23:12

http://www.smartcompany.com.au/financial-services-and-insurance/048720-the-resignation-letter-that-should-change-globlal-finance-gottliebsen.html

The resignation letter that should change globlal finance: Gottliebsen
Thursday, 15 March 2012 07:00
Robert Gottliebsen
The letter to the New York Times by former Goldman Sachs executive director Greg Smith, who was head of the United States equity derivatives business of Goldman in Europe, the Middle East and Africa, will do incalculable damage to the global firm.

I commend the full letter to readers because it shows what can happen – or can be perceived to happen – in a company that becomes totally profit driven. I will not try and summarise the damning allegations. The ramifications will be wide.

Every chief financial officer who bought a Goldman Sachs financial product in the last few years will have to justify that purchase to their board and explain that their company was not a “muppet”. Every Goldman Sachs client will read the Smith letter and ask themselves whether their experience duplicated the cavalier way Greg Smith says Goldman treated many of its clients.

A great many, probably a clear majority, of Goldman Sachs clients will say they were not “muppets” and were very satisfied with their experience. But the doubt will linger and every time a Goldman product is recommended to a board the CFO will have to justify the use of the firm. In most cases that will be no problem but winning business becomes harder.

Moreover we saw just how Goldman Sachs works in the sub prime and European mess so anyone who deals with Goldman Sachs could have any illusions that this was a benign firm. Indeed one US commentator suggests there is nothing new in the Greg Smith letter – it's just Goldman Sachs being Goldman Sachs.

But the Greg Smith letter goes much deeper.

Although there were many higher-up people in Goldman Sachs than Greg Smith and no doubt he had an axe or two to grind, his clients had a total asset base of more than a trillion dollars and he was a key figure in the recruitment of US MBA graduates where Goldman Sachs is the fourth favoured MBA destination for US MBA’s (Google, McKinsey and Apple are the top three).

MBA’s are the lifeblood of firms like Goldman Sachs and if the firm moves down the recruitment ladder its long-term future will be damaged.

In many ways the deepest blows to Goldman were these remarks:

“When the history books are written about Goldman Sachs, they may reflect that the current chief executive officer, Lloyd C. Blankfein, and the president, Gary D. Cohn, lost hold of the firm’s culture on their watch. I truly believe that this decline in the firm’s moral fibre represents the single most serious threat to its long-run survival.”

I suspect we will see a vigorous attack on the credibility of Smith, and some of the mud may be justified, but sweeping the issue under the carpet will not solve it. Careful internal examination is required.

Some US commentators say the only way to restore faith in Goldman after such a letter is for Lloyd Blankfein to step down and a new person to set about restoring the firm's image. Alternatively Goldman may say that it will continue being Goldman, because although it makes money, so does its clients.

In today’s world where accountability is so high on the agenda that second course would be a dangerous path for the giant US investment banks, but I suspect it is the one it will take.

This article first appeared on Business Spectator

Sabrina

14th March 2012, 23:20

The Board of the Company announces that it has agreed with Mr. Klaus Nyborg that his resignation from the position of Executive Director and the Chief Executive Officer of the Company will take effect on 15 March 2012.
Pacific Basin Shipping Limited
Hong Kong

¤=[Post Update]=¤

http://www.naharnet.com/stories/en/33304-resignations-hit-syrian-national-council-as-3-members-quit

Resignations Hit Syrian National Council as 3 Members Quit

The Syrian opposition suffered on Wednesday a setback on the political front with resignations from the Syrian National Council (SNC), an umbrella movement of anti-regime groups.

The opposition, which is heavily outgunned by the regime and has called for its fighters to be armed in the defense of civilians, was hit by resignations from SNC ranks.

Haitham al-Maleh, Kamal al-Labwani and Catherine al-Talli announced on their Facebook pages were they quitting due to "differences" and the "inefficiency" of the SNC, an opposition coalition of Islamists, liberals and nationalists.

Sabrina

14th March 2012, 23:23

First resignation in Prime Minister Passos Coelho’s government
Portugal 12 March
Secretary of State for Energy Henrique Gomes resigns.The National Press reports that the resignation came about due to the differences between the secretary of state and the government about the so-called ‘rents’ paid by the Portuguese utility EDP – Energias de Portugal – a form of compensation paid by the Government for the use of its backup power plants, used as a last resource in case of power shortages.

Sabrina

14th March 2012, 23:33

(see letter thread 272 from former Goldman Sachs employee)
Going to run and run this one...

Goldman Sachs responds to former exec
@CNNMoneyMarkets March 14, 2012: 4:57 PM ET

http://money.cnn.com/2012/03/14/markets/goldman-sachs-greg-smith-statement/index.htm

NEW YORK (CNNMoney) -- Goldman Sachs CEO Lloyd Blankfein and President Gary Cohn responded to Greg Smith's public resignation on Wednesday in a letter to the firm's employees.
The letter is reproduced below in its entirety:
Our Response to Today's New York Times Op-Ed

By now, many of you have read the submission in today's New York Times by a former employee of the firm. Needless to say, we were disappointed to read the assertions made by this individual that do not reflect our values, our culture and how the vast majority of people at Goldman Sachs think about the firm and the work it does on behalf of our clients.

In a company of our size, it is not shocking that some people could feel disgruntled. But that does not and should not represent our firm of more than 30,000 people. Everyone is entitled to his or her opinion. But, it is unfortunate that an individual opinion about Goldman Sachs is amplified in a newspaper and speaks louder than the regular, detailed and intensive feedback you have provided the firm and independent, public surveys of workplace environments.

While I expect you find the words you read today foreign from your own day-to-day experiences, we wanted to remind you what we, as a firm -- individually and collectively -- think about Goldman Sachs and our client-driven culture.

First, 85 percent of the firm responded to our recent People Survey, which provides the most detailed and comprehensive review to determine how our people feel about Goldman Sachs and the work they do.
And, what do our people think about how we interact with our clients? Across the firm at all levels, 89 percent of you said that that the firm provides exceptional service to them. For the group of nearly 12,000 vice presidents, of which the author of today's commentary was, that number was similarly high.

Anyone who feels otherwise has available to him or her a mechanism for anonymously expressing their concerns. We are not aware that the writer of the opinion piece expressed misgivings through this avenue, however, if an individual expresses issues, we examine them carefully and we will be doing so in this case.

Our firm has had its share of challenges during and after the financial crisis, but your pride in Goldman Sachs is clear. You've not only told us, you have told external surveys.

Just two weeks ago, Goldman Sachs was named one of the best places to work in the United Kingdom, where this employee resides. The firm was the highest placed financial services company for the third consecutive year and was the only one in its peer group to make the top 25.

We are far from perfect, but where the firm has seen a problem, we've responded to it seriously and substantively. And we have demonstrated that fact.

It is unfortunate that all of you who worked so hard through a difficult environment over the last few years now have to respond to this. But, our response is best demonstrated in how we really work with and help our clients through our commitment to their long-term interests. That priority has distinguished us in the past, through the financial crisis and today.
Thank you.
Lloyd C. Blankfein
Gary D. Cohn[COLOR="red"]

¤=[Post Update]=¤

http://money.cnn.com/2012/03/13/news...fraud/?iid=EAL

Mortgage execs charged with accounting fraud
By James O'Toole @CNNMoney March 13, 2012:

NEW YORK (CNNMoney) -- The Securities and Exchange Commission announced charges Tuesday against three senior executives from the now-defunct Thornburg Mortgage, accusing them of fraudulently overstating the company's income by over $400 million ahead of its bankruptcy.

Thornburg filed for bankruptcy in May of 2009, felled by heavy losses associated with the subprime mortgage crisis. At the time, it was the seventh-largest bankruptcy in U.S. history, with over $36 billion in assets, and had been the second-largest independent mortgage company in the U.S. after Countrywide.

As the company's financial situation deteriorated, the SEC alleges that former Thornburg CEO Larry Goldstone, chief financial officer Clarence Simmons, and chief accounting officer Jane Starrett conspired to falsely record a profit in the company's 2007 annual report.

Sabrina

14th March 2012, 23:37

WEDNESDAY, MARCH 14, 2012
Matt Stoller: MF Global, MBS, and the Goldman Resignation
Matt Stoller is a fellow at the Roosevelt Institute. You can follow him on twitter at http://www.twitter.com/matthewstoller

Matt Taibbi has a good piece on the important and public resignation of a former Goldman executive, Greg Smith.

The essence of Smith’s piece is devastating. He points to one simple, specific problem in the company: the fact that Goldman routinely screws its own clients.

Paul Volcker has already referred to Smith’s op-ed, blaming Goldman for the change in the culture of Wall Street. Taibbi argues that having an insider come out and blast the culture of Goldman is “the endgame for reforming Wall Street.”

It was never going to happen by having the government sweep through and impose a wave of draconian new regulations, although a more vigorous enforcement of existing laws might have helped. Nor could the Occupy protests or even a monster wave of civil lawsuits hope to really change the screw-your-clients, screw-everybody, grab-what-you-can culture of the modern financial services industry.

Real change was always going to have to come from within Wall Street itself, and the surest way for that to happen is for the managers of pension funds and union retirement funds and other institutional investors to see that the Goldmans of the world aren’t just arrogant sleazebags, they’re also not terribly good at managing your money.

There’s a lot to like about this method of thinking. As Tom Ferguson routinely points out, it is changes in the coalition of elites that are necessary (though often not sufficient) for changes in political economy. That said, I don’t think it’s right to argue that the policy choices made by the Bush and then the Obama administration around foreclosures, bailouts, and banking regulations were marginal.

It’s important to recognize that Tim Geithner’s policy architecture mattered deeply, that Barack Obama and Shaun Donovan have pursued certain policies with aggressiveness and sharpness, and that the consequences of those policies are not small. Moreover, the entire housing finance space is a deeply co-mingled Wall Street – government structure designed ostensibly to house Americans and create a channel for investment and savings as well as macroeconomic regulation. Just saying that change will have to come from Wall Street misses this angle, as well as the political corruption that has been part of the space since the 1970s.

Smith is a brave and courageous soul, and it’s great that he’s speaking out as aggressively as he is. Hopefully this will prompt investors, many of whom know they are getting ripped off, to organize against the power of these large banks. We see, with Goldman, with MBS investors and Shaun Donovan, and with MF Global, the powerlessness of the investor community.

Bloomberg bankruptcy columnist Bill Rochelle and Bloomberg anchor Lee Pacchia talked about this last week regarding MF Global, as the Bankruptcy Trustees are causing profound anger among investors who have lost money. This is not something that can be fixed by investors taking their business “elsewhere” – there is no elsewhere.

This is a political problem, and investors better get wise to whose ox will be gored if they don’t fix it.

Sabrina

14th March 2012, 23:42

And the Daily Mash parody on the Goldman Sachs letter...:)

http://www.thedailymash.co.uk/news/society/why-i-am-leaving-the-empire%252c-by-darth-vader-201203145007/

Why I am leaving the Empire, by Darth Vader
14-03-12
TODAY is my last day at the Empire.

'I no longer have the pride, or the belief'
After almost 12 years, first as a summer intern, then in the Death Star and now in London, I believe I have worked here long enough to understand the trajectory of its culture, its people and its massive, genocidal space machines. And I can honestly say that the environment now is as toxic and destructive as I have ever seen it.

To put the problem in the simplest terms, throttling people with your mind continues to be sidelined in the way the firm operates and thinks about making people dead.

The Empire is one of the galaxy's largest and most important oppressive regimes and it is too integral to galactic murder to continue to act this way. The firm has veered so far from the place I joined right out of Yoda College that I can no longer in good conscience point menacingly and say that I identify with what it stands for.

For more than a decade I recruited and mentored candidates, some of whom were my secret children, through our gruelling interview process. In 2006 I managed the summer intern program in detecting strange disturbances in the Force for the 80 younglings who made the cut.

I knew it was time to leave when I realised I could no longer speak to these students inside their heads and tell them what a great place this was to work.

How did we get here? The Empire changed the way it thought about leadership. Leadership used to be about ideas, setting an example and killing your former mentor with a light sabre. Today, if you make enough money you will be promoted into a position of influence, even if you have a disturbing lack of faith.

What are three quick ways to become a leader? a) Execute on the firm's 'axes', which is Empire-speak for persuading your clients to invest in 'prime-quality' residential building plots on Alderaan that don't exist and have not existed since we blew it up. b) 'Hunt Elephants'. In English: get your clients - some of whom are sophisticated, and some of whom aren't - to tempt their friends to Cloud City and then betray them. c) Hand over rebel smugglers to an incredibly fat gangster.

When I was a first-year analyst I didn't know where the bathroom was, or how to tie my shoelaces telepathically. I was taught to be concerned with learning the ropes, finding out what a protocol droid was and putting my helmet on properly
so people could not see my badly damaged head.

My proudest moments in life - the pod race, being lured over to the Dark Side and winning a bronze medal for mind control ping-pong at the Midi-Chlorian Games - known as the Jedi Olympics - have all come through hard work, with no shortcuts.

The Empire today has become too much about shortcuts and not enough about remote strangulation. It just doesn’t feel right to me anymore.

I hope this can be a wake-up call. Make killing people in terrifying and unstoppable ways the focal point of your business again. Without it you will not exist. Weed out the morally bankrupt people, no matter how much non-existent Alderaan real estate they sell. And get the culture right again, so people want to make millions of voices cry out in terror before being suddenly silenced.

Sabrina

14th March 2012, 23:45

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9144742/Tescos-UK-chief-Richard-Brasher-to-step-down.html

Tesco's UK chief Richard Brasher to step down
The head of Tesco’s UK business is about to depart the supermarket chain, in what will be seen as a huge upset for the company.

Richard Brasher was tonight understood to be stepping down from his role as UK chief executive at the retailer after just a year.
A statement to the market to confirm his departure is likely tomorrow.
Philip Clarke, who is chief executive of the whole group, will take responsibility for the UK operation following Mr Brasher’s departure.
Tesco’s UK arm, the most important part of its business, had a disappointing Christmas.

Sabrina

14th March 2012, 23:49

http://www.huffingtonpost.co.uk/2012/03/14/neville-thurlbeck-arrested-phone-hacking_n_1345008.html?ref=uk

14 March

Former News of the World chief reporter Neville Thurlbeck has been arrested by police investigating phone hacking on suspicion of trying to intimidate a witness and encouraging or assisting an offence, according to reports.

Scotland Yard said: "A 51-year-old man was arrested by appointment at a central London police station at approximately 16:00hrs today by officers from Operation Weeting, the MPS inquiry into the phone-hacking of voicemails."

They added: "He is bailed to return to a south west London police station in May this year in relation to the arrest in April."

Thurlbeck was previously arrested in April 2011. His re-arrest comes a day after Rebekah Brooks, her husband Charlie and four others were arrested and bailed by police investigating phone hacking.

Sabrina

14th March 2012, 23:52

James Murdoch has denied misleading parliament but admitted he accepts his "share of responsibility" for not "uncovering wrongdoing sooner" at News International.

The former News International executive chairman, in a letter to MPs on the culture media and sport committee said: "It has been suggested that my design to resign my role at News International reflected past knowledge of voicemail interception or other alleged criminal wrongdoing at News International. This is untrue.

James Murdoch's letter here:

http://www.parliament.uk/documents/commons-committees/culture-media-sport/PH_60_James_Murdoch_to_Chair_12_03_12.pdf

Sabrina

15th March 2012, 00:02

http://www.guardian.co.uk/law/2012/mar/14/congo-warlord-thomas-lubanga-icc

Congo child army leader Thomas Lubanga found guilty of war crimes
The international criminal court's first verdict in its 10-year history finds that children as young as nine were forced to fight in Congo

A Congolese warlord who forced child soldiers to fight for his militia has become the first person convicted by the international criminal court since it launched almost 10 years ago. The guilty judgment against Thomas Lubanga was hailed as a legal landmark in the fight against perpetrators of war crimes and genocide around the world.

Human rights groups said it was also a "pivotal victory" for the protection of children in conflict, but noted that questions remain over the court's reach and effectiveness

fractal being

15th March 2012, 00:03

You never sleep right :)

You might want to add this on your list even though it's two weeks old:

Colleagues of PM Lucas Papademos were surprised at Christos Papoutsis’ decision to resign from his position as Minister of Citizen Protection.
http://http://www.protothema.gr/news-in-english/article/?aid=179850

Sabrina

15th March 2012, 00:12

ThePythonicCow

15th March 2012, 04:32

ThePythonicCow

15th March 2012, 04:37

Thanks - am resigning to my bed right now, then booking myself into rehab. for resignation/arrest addiction....
Thank-you, Sabrina, for gifting us with the fruit of your addiction :).

Sabrina

15th March 2012, 07:50

(more alleged corruption/dodgy deals being probed)

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9144236/BP-alerted-to-bribery-at-its-tanker-division.html

BP alerted to 'bribery' at its tanker division
Oil giant BP is investigating a "serious case of bribery and corruption" alleged to have been taking place in the company's tanker chartering division.

Details of the allegations are contained in a letter written to chief executive Robert Dudley by a whistleblower describing himself only as a "BP employee".
The letter, seen by The Daily Telegraph, purports to detail how the alleged corruption has been going on at BP for over five years. The allegation centres on the relationship between a senior BP employee and one of the company's suppliers. Both parties are named in the letter.
Criminal investigators at the Serious Fraud Office (SFO) have also received a copy of the letter and are taking a preliminary look at it.
and

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9144445/FSA-called-to-account-on-interest-rate-swap-concerns.html

FSA (Financial services Authority/UK) called to account on interest rate swap concerns
The chairman of the powerful Treasury Select Committee has intervened in the growing controversy over the sale of complex derivatives by investment banks to small businesses.

Andrew Tyrie said firms had attempted to raise the issue with the FSA and he wanted the City regulator to clarify what it had uncovered.
"I intend to write to the chairman of the FSA for an explanation of how this issue is being handled," said Mr Tyrie.
Thousands of firms, from caravan parks to children's nurseries and fish and chip shops, have been affected.
High street banks began selling highly profitable interest rate swap derivatives created by their investment banking arms to their small business customers over the last decade, often as a condition of securing traditional, but low margin loans. While banks collected up-front profits from the sale of the derivatives, their customers were often locked into payments far outstripping the fees forecast as interest rates fell to historic lows.
The firms also discovered they faced unexpected exit fees of hundreds of thousands of pounds.

Sabrina

15th March 2012, 08:01

Via the Facebook Global Resignations site (a certain amount of repetition is going on obviously, but gives an over view).

Recent Arrests/Investigations

14/12 (USA) Former Illinois governor Rod Blagojevich goes to jail for corruption
http://tinyurl.com/84f9thw

3/14/12 (PHILIPPINES) Former President/now Pampanga Rep. Gloria Macapagal-Arroyo arrested alongside husband and two others for various violations
http://tinyurl.com/7weo9az

3/14/12 (USA) Mortgage fraud charges target top executives
http://tinyurl.com/74kvb63

3/14/12 (COLOMBIA) Arrest ordered for Colombia’s ambassador in Peru Jorge Visbal for criminal conspiracy
http://tinyurl.com/74ghepv

3/13/12 (EUROPE) Senior salesman Nicholas Kyprios at Credit Suisse fined 210,000 pounds by the FSA
http://tinyurl.com/8y28z76

Recent Companies/Business Resignations:

/14/12 (INDIA) Independent director of Kingfisher Airlines (KFA) former tennis star Vijay Amritraj resigns
http://tinyurl.com/6lhxxmg

3/14/12 (USA) Zodiak USA (media company) chief executive Grant Mansfield quits
http://tinyurl.com/7jhtbcj

3/14/12 (USA) Vringo (mobile) CEO Jon Medved steps down
http://tinyurl.com/6qcy8tw

3/14/12 (SOUTH AFRICA) Cricket South Africa (CSA) president AK Khan resigns
http://tinyurl.com/7szscrq

3/14/12 (GERMANY) Board member manager at Secunet Security Networks AG Thomas Koelzer to leave company
http://tinyurl.com/7wue6eb

3/13/12 (RUSSIA) Billionaire Viktor Vekselberg resigns as chairman of aluminium giant Rusal
http://tinyurl.com/7qr6gkc

3/13/12 (CHINA) President Li Yong of leading internet company Netease resigns
http://tinyurl.com/74k6qb8

3/13/12 (DENMARK) Group EVP of FLSmidth & Co. Christian Jepsen to resign
http://tinyurl.com/6no6glz

3/13/12 (UK) CEO Philip Whiteman of UK’s leading sector skills council Semta to retire
http://tinyurl.com/6uysz8n

3/13/12 (USA) Tech chief of Cablevision Jim Blackley to exit
http://tinyurl.com/6nhpvpj

3/13/12 (USA) President/CEO Paul Aiello of Infrax Systems Inc. (energy) steps down
http://tinyurl.com/7glmotr

3/13/12 (GERMANY) Pfleiderer AG board member Hans Theodor Pfleiderer steps down
http://tinyurl.com/79oonha

3/13/12 (UK) VP of international marketing at Starbucks Brian Waring to leave
http://tinyurl.com/7j7opvy

3/13/12 (AUSTRALIA) Sensis CEO Bruce Akhurst resigns
http://tinyurl.com/6vjgx46

3/13/12 (SOUTH AFRICA) CEO of 1Time Airline Rodney James resigns
http://tinyurl.com/7fq4ctl

3/13/12 (GERMANY) Chief executive of Empresaria’s German subsidiary Klaus Wrezounik steps down
http://tinyurl.com/888wrgf

3/13/12 (UK) Director of National Express (transport) Miranda Curtis steps down
http://tinyurl.com/82vuzaf

3/12/12 (UK) Managing director of Shine TV (media) Jamie Munro resigns
http://tinyurl.com/78eequf

3/12/12 (UK) Managing director of Shine TV (media) Karen Smith resigns
http://tinyurl.com/78eequf

3/12/12 (USA) Silicon Laboratories CEO Necip Sayiner to exit
http://tinyurl.com/7×473bz

3/12/12 (USA) EVP at Telepictures (Warner Bros.) Lisa Hackner resigns
http://tinyurl.com/76ok3ly

3/12/12 (BRAZIL) President of Brazilian Football Confederation Ricardo Teixeira resigns over corruption charges
http://tinyurl.com/6qfy2bl

3/12/12 (AFRICA) Chairman Phil Edmonds resigns at Africa Medical Investments
http://tinyurl.com/7hsbsqt

3/12/12 (DENMARK) DONG Energy (oil & gas) CEO Anders Eldrup steps down
http://tinyurl.com/7tln9st

3/12/12 (UK) Non-exec director of Verder Management Richard Phillips resigns
http://tinyurl.com/7djmq6l

3/12/12 (USA) New Regency (film) COO/CFO Louis Santor resigns
http://tinyurl.com/77vh884

3/12/12 (AUSTRIA) Wolford AG CFO Peter Simma to step down
http://tinyurl.com/6va4wvw

3/12/12 (USA) President and CEO of Federal-Mogul Jose Maria Alapont to retire
http://tinyurl.com/7akkjlh

3/12/12 (CROATIA) Non-exec director of Cubus Lux (tourism & development) Christian Kaiser resigns
http://tinyurl.com/7uxm3rp

3/12/12 (CROATIA) Non-exec director of Cubus Lux (tourism & development) Eli Abramovich resigns
http://tinyurl.com/7uxm3rp

3/12/12 (USA) CSO Frederic Randall of United Online Inc. resigns
http://tinyurl.com/75yr7el

3/12/12 (USA) Chief technology officer Robert Stephens leaves Best Buy
http://tinyurl.com/6vghgws

3/12/12 (AUSTRALIA) CEO of media company PHD Barry O’Brien exits
http://tinyurl.com/7tkgvpz

3/12/12 (UK) CEO of Daily Bread (a subsidiary of Britannia Industries) Kaushik Roy quits
http://tinyurl.com/86rcrv3

3/12/12 (PHILLIPINES) Director of Alaska Milk Corp. Michael Randall Utyengsu resigns

Recent banking/finance resignations:

3/14/12 (USA) Goldman Sachs executive director Greg Smith resigns
http://tinyurl.com/7r8hz6v

3/14/12 (CHINA) Non-exec director of New China Life Insurance Co. Guocang Huan resigns
http://tinyurl.com/8xh2j7t

3/14/12 (UK) Chief executive of spread-betting group WorldSpreads Conor Foley resigns
http://tinyurl.com/7rmzseu

3/13/12 (ABU DHABI) CEO of National Bank of Abu Dhabi Michael Tomalin to retire
http://tinyurl.com/7hlplmy

3/13/12 (ISRAEL) Osem Investments Ltd. CEO Gazi Kaplan steps down
http://tinyurl.com/7ml7q9m

3/13/12 (USA) Eaton Vance CFO and treasurer Robert J. Whelan steps down
http://tinyurl.com/6lvqrgj

3/13/12 (UK) Chairman Mike Wooderson of Mithras Investment Trust to step down
http://tinyurl.com/7kdsx95

3/13/12 (USA) President of PHH Mortgage Luke Hayden resigns
http://tinyurl.com/6te9879

3/13/12 (USA) Company treasurer of PHH Mortgage Mark Johnson resigns
http://tinyurl.com/6te9879

3/13/12 (AUSTRALIA) Westpac Group head of corporate affairs David Bell steps down
http://tinyurl.com/7hy78nj

3/13/12 (UK) Head of systemic trading Qiang Dai to leave Capula Investment Management LLP
http://tinyurl.com/7g8495y
http://tinyurl.com/7uvx95w

3/12/12 (PHILLIPINES) Director of Alaska Milk Corp. Ramon Esguerra resigns
http://tinyurl.com/7uvx95w

Sabrina

15th March 2012, 08:14

15 March
The Board of Directors (the "Board") of China Overseas Land & Investment Limited (the "Company") hereby announces that as Mr. Chen Bin ("Mr. Chen") would like to spend more time on his other work commitments, he resigned as a Non-Executive Director of the Company with effect from 16 March 2012.

Sabrina

15th March 2012, 08:17

UK 15 March
http://www.independent.co.uk/news/uk/politics/senior-civil-servants-avoid-scrutiny-by-hiding-behind-ministers-says-margaret-hodge-7570377.html

Senior civil servants avoid scrutiny by hiding behind ministers, says Margaret Hodge
The head of Parliament's financial watchdog calls for more accountability and transparency

Britain's most senior civil servants will today be accused of hiding behind their ministerial masters to escape blame for maladministration costing the taxpayer billions of pounds in waste.........

It comes after the PAC launched a high-profile battle with civil servants working for Her Majesty's Revenue and Customs (HMRC) over what they claimed was a cover-up of "sweetheart" deals with multimillion-pound businesses, including Goldman Sachs.

Goldman Sachs gets a mention again - they're getting a touch of the News International syndrome - it won't go away.

Sabrina

15th March 2012, 08:23

http://www.4-traders.com/news/Notice-Concerning-Resignation-and-Election-of-Director-Resignation-and-Election-of-Auditor-and-Perso--14218525/

Japan - 15 March
Notice Concerning Resignation and Election of Director, Resignation and Election of Auditor and Personnel Changes at Asset Management Company
Hankyu REIT Asset Management, Inc. Shuichiro Takahashi, President & Representative Director

1. Resigning Director (Date of resignation: March 31, 2012) Director Masayuki Takao
(Duties: Investment Management Dept. 1 and Investment Management Dept. 2)
2. Resigning Auditor (Date of resignation: March 31, 2012) Auditor (part-time) Toshinori Shoji

Sabrina

15th March 2012, 08:35

Interesting indeed. This is spreading literally in all major networks. AP, huffington post, CNN, BBC and I'm sure there are more to follow. Given that all this institutions releases only info approved from the cabalists, it means two things. Either that the situation has gone out of control, or that they decided to finally move on with their global financial collapse plan.

The linguistics of the letter are very intriguing. Note:

''If you were an alien from Mars and sat in on one of these meetings, you would believe that a client’s success or progress was not part of the thought process at all"
''It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as “muppets,” sometimes over internal e-mail. Even after the S.E.C., Fabulous Fab, Abacus, God’s work, Carl Levin, Vampire Squids?''

You can find the whole letter of resignation here:
http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=1&pagewanted=2

Yep I agree that the alien from Mars wording is interesting - Greg Giles (starseed and channeler for GLF (allegedly - pass the smelling salts to any member foaming at the mouth already) says:

'In yet another sign that the Galactic Commands mean it when they say they sit in, undetected, on meetings of the Cabal and their associates in order to collect evidence for upcoming criminal proceedings (as well as to keep abreast of the scheming of the Cabal),
resigning Goldman Sachs Executive Director Greg Smith had this to say;

"I attend derivatives sales meetings where not one single minute is spent asking questions about how we can help clients. It’s purely about how we can make the most possible money off of them. If you were an alien from Mars and sat in on one of these meetings, you would believe that a client’s success or progress was not part of the thought process at all."

As one who invests little in coincidence, I find these words very revealing. I am confident similar stories such as this will present themselves in the days to come upon the many arrests of those who have conspired against the people, as these conspirators will not only learn the charges against them, but also discover just how some of this evidence was collected'.

And yes, the Goldman Sachs story is now running in the media across the world - damage limitation has gone out the window - but there's smearing going on of Greg Smith in some financial quarters inevitably ...

Sabrina

15th March 2012, 08:44

Resignation, but with a purpose (whatever the purpose is..but she says they're endless).

http://rt.com/usa/news/darpa-pentagon-google-defense-503/

Darpa director leaving the Pentagon for Google

One of the most top-secret Pentagon departments — the same that spawned America’s drones, military robots, electromagnetic guns and other sci-fi weaponry — is about to lose its top officer to Google.
Regina Dugan oversaw the development of some of the US military’s most marvelous high tech accomplishments as director of Darpa, but the head of the DoD’s research lab is parting ways with the Pentagon to take on a role with Google. Not even three years after she took on the role as the first female director of the America’s Defense Advanced Research Projects Agency, or Darpa, Regina Dugan is now walking away to join the ranks of America’s other innovative powerhouse. Dugan will be relinquishing her top roll at the Defense Department’s Darpa program and trading in the Potomac River for Silicon Valley, and says it is a natural decision to move somewhere where the possibilities seem endless. Apparently within the cogs of the war machine, there is only so much left to explore.

Sirius White

15th March 2012, 10:46

Yes. This is what needs to happen.

But remember the warnings: this is part of their plan, to appear to be hurt and on the retreat. We aren't out of Kansas just yet.

childs hood end

15th March 2012, 11:24

Top Chinese official sacked

Ambitious Chinese Communist Party leadership contender Bo Xilai has been sacked from his post as head of the city of Chongqing in a dramatic move that exposes growing ideological divisions just as a new generation readies to take power.

His abrupt downfall, announced today by the official Xinhua news agency, threatens to kindle tension between his supporters, who favour a more traditional, state-dominated version of socialism, and liberal critics, who saw him as a dangerous opportunist.

Mr Bo was removed as party boss of Chongqing, a sprawling urban region in the southwest that he turned into a bastion of Communist revolutionary-inspired "red" culture and egalitarian growth, a day after being rebuked by Premier Wen Jiabao in a news conference broadcast across the country.

The telegenic Mr Bo had been a strong contender for top leadership, but his career prospects came under intense speculation after Vice Mayor Wang Lijun, his long-time police chief, went to ground in February in the US consulate in nearby Chengdu until he was coaxed out and placed under investigation.

http://news.ie.msn.com/world/top-chinese-official-sacked

Keep up the good work Sabrina

Peace...

avid

15th March 2012, 15:29

Now it's JP Morgan Chase's turn...
http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=57019&SearchText

From: Z A N
Organization(s):
JPMorgan Chase

Comment No: 57019
Date: 3/14/2012

Comment Text:

Dear CFTC Staff,

Hello, I am a current JPMorgan Chase employee. This is an open letter to all commissioners and regulators. I am emailing you today b/c I know of insider information that will be damning at best for JPMorgan Chase. I have decided to play the role of whistleblower b/c I no longer have faith and belief that what we are doing for society is bringing value to people. I am now under the opinion that we are actually putting hard working Americans unaware of what lays ahead at extreme market risk. This risk is unnecessary and will lead to wide-scale market collapse if not handled properly. With the release of Mr. Smith’s open letter to Goldman, I too would like to set the record straight for JPM as well. I have seen the disruptive behavior of superiors and no longer can say that I look up to employees at the ED/MD level here at JPM. Their smug exuberance and arrogance permeates the air just as pungently as rotting vegetables. They all know too well of the backdoor crony connections they share intimately with elected officials and with other institutions. It is apparent in everything they do, from the meager attempts to manipulate LIBOR, therefore controlling how almost all derivatives are priced to the inherit and fraudulent commodities manipulation. They too may have one day stood for something in the past in the client-employee relationship. Does anyone in today’s market really care about the protection of their client? From the ruthless and scandalous treatment of MF Global client asset funds to the excessive bonuses paid by companies with burgeoning liabilities. Yes, we at JPMorgan that are in the know are fearful of a cascading credit event being triggered in Greece as they have hidden derivatives in excess of $1 Trillion USD. We at JPMorgan own enough of these through counterparty risk and outright prop trading that our entire IB EDG space could be annihilated within a few short days. The last ten years has been market by inflexion point after inflexion point with the most notable coming in 2008 after the acquisition of Bear.

I wish to remain anonymous as of now as fear of termination mounts from what I am about to reveal. Robert Gottlieb is not my real name; however he is a trader that is involved in a lawsuit for manipulative trading while working with JPMorgan Chase. He was acquired during our Bear Stearns acquisition and is known to be the notorious person shorting in the silver future market from his trading space, along with Blythe Masters, his IB Global boss. However, with that said, we are manipulating the silver futures market and playing a smaller (but still massively manipulative) role in manipulating the gold futures market. We have a little over a 25% (give or take a percentage) position in the short market for silver futures and by your definition this denotes a larger position than for speculative purposes or for hedging and is beyond the line of manipulation.

On a side note, I do not work directly with accounts that would have been directly impacted by the MF Global fiasco but I have heard through other colleagues that we have involvement in the hiding of client assets from MF Global. This is another fraudulent effort on our part and constitutes theft. I urge you to forward that part of the investigation on to the respective authorities.

There is something else that you may find strange. During month-end December, we were all told by our managers that this was going to be a dismal year in terms of earnings and that we should not expect any bonuses or pay raises. Then come mid-late January it is made known that everyone received a pay raise and/or bonus, which is interesting b/c just a few weeks ago we were told that this was not likely and expected to be paid nothing in addition to base salary. January is right around the time we started increasing our short positions quite significantly again and this most recent crash in gold and silver during Bernanke's speech on February 29th is of notable importance, as we along with 4 other major institutions, orchestrated the violent $100 drop in Gold and subsequent drops in silver.

As regulators of the free people of this country, I ask you to uphold the most important job in the world right now. That job is judge and overseer of all that is justice in the most sensitive of commodity markets. There are many middle-income people that invest in the physical assets of silver, gold, as well as mining stocks that are being financially impacted in a negative way b/c of our unscrupulous shorts in the precious metals commodity sector. If you read the COT with intent you will find that commercials (even though we have no business being in the commercial sector, which should be reserved for companies that truly produce the metal) are net short by a long shot in not only silver, but gold.

It is rather surprising that what should be well known liabilities on our balance sheet have not erupted into wider scale scrutinization. I call all honest and courageous JPMorgan employees to step up and fight the cronyism and wide-scale manipulation by reporting the truth. We are only helping reality come to light therefore allowing a real valuation of our banking industry which will give investors a chance to properly adjust without being totally wiped out. I will be contacting a lawyer shortly about this matter, as I believe no other whistleblower at JPMorgan has come forward yet. Our deepest secrets lie within the hands of honest employees and can be revealed through honest regulators that are willing to take a look inside one of America's best kept secrets. Please do not allow this to turn into another Enron.

Kind Regards,
-The 1st Whistleblower of Many

avid

Eric J (Viking)

15th March 2012, 15:37

Thanks Avid ...WOW... this is really starting to hot up!!

Kind Regards,
-The 1st Whistleblower of Many

Bring it on........

viking

Sabrina

15th March 2012, 21:46

PM Boyko Borisov to offer personal reshuffles at the government
15 March 2012 | 21:55 | FOCUS News Agency
Home / Politics Bulgaria
Sofia. Prime Minister Boyko Borisov will offer personnel reshuffles at the government, press centre of the governmental office announced.
Minister of Economy and Tourism Traicho Traikov and Healthcare Minister Dr. Stefan Konstantinov handed in their resignations earlier today. The Executive Commission of Citizens for European Development of Bulgaria (CEDB) discussed on the resignations and adopted them, the Prime Minister approved the decision of the Commission.

Sabrina

15th March 2012, 21:51

Now it's JP Morgan Chase's turn...Avid
http://comments.cftc.gov/PublicComme...019&SearchText

http://www.reuters.com/article/2012/03/15/jpm-goldman-idUSL4E8EF2I220120315

UPDATE 3-JPMorgan staff told go easy on Goldman's Muppetgate

Thu Mar 15, 2012 8:35am EDT
* Rival tells staff not to seek advantage from rivals'
'issues'
* Dimon tells staff to focus on JPMorgan's own standards

By Victoria Howley and Nishant Kumar
LONDON/HONG KONG, March 15 (Reuters) - Investment bank
JPMorgan tried to contain damage to Wall Street's reputation on
Thursday by telling staff not to try to profit from rival
Goldman Sachs' embarrassment over a vitriolic resignation letter
published in the New York Times.
Equity derivatives salesman Greg Smith caused a firestorm
across the banking industry on Wednesday with the letter,
published as an opinion column and calling Goldman a
"toxic" place to work where senior staff saw clients as
"muppets".
JPMorgan Chase & Co Chief Executive Jamie Dimon
warned employees in an internal memo not to seek advantage from
Goldman's "alleged issues", imploring them focus on standards,
not on the furore stirred by Smith in what media and bloggers
have called "Muppetgate".
"I want to be clear that I don't want anyone here to seek
advantage from a competitor's alleged issues or hearsay -- ever.
It's not the way we do business," Dimon said in the memo, a copy
of which was seen by Reuters.
Dimon's memo, awaiting Asia employees in their e-mail
inboxes on Thursday morning, was sent to the bank's global
operating committee and later forwarded to wider parts of
JPMorgan, said sources who have seen the memo.
JPMorgan declined to comment.
London-based Smith, who had worked for Goldman for almost 12
years, called the bank a "toxic and destructive" place.
"It makes me ill how callously people talk about ripping
their clients off," he said in the letter. "Over the last 12
months I have seen five different managing directors refer to
their own clients as 'muppets'."
The storm goes to the heart of the reputational crisis in
investment banking since public opinion started blaming the
industry for its role in the 2008 banking crisis which brought
the global financial system close to collapse.
"This could be just a disgruntled employee, but it comes at
a time when the industry is not having a great time," said a
senior mergers and acquisitions adviser. "Franchises can be
affected by things like this," this person said.
Goldman said in its official response on Wednesday that the
bank disagreed with the views expressed by Smith, "which we
don't think reflect the way we run our business."
With the whole industry in a brighter spotlight since 2008,
Goldman has faced a series of incidents that threaten to tarnish
its image in particular.
Earlier this month accused of a conflict of interest for
advising El Paso Corp on its sale to Kinder Morgan, in which the
bank was a significant shareholder.
Sources at banks including Citi, Credit Suisse
and Nomura said they were not aware of any
memo similar to Dimon's at their respective firms.

MALCONTENTS
While Goldman Sachs is attempting to play down the Smith
letter, the firm's shares fell 3.4 percent in trading in New
York on Wednesday, and its impact has become a topic of
discussion among its employees.
"It's definitely got people talking in the office," said an
Asia-based Goldman Sachs trader who did not want to be named.
"It's amusing honestly because perceptions depend on the
individual. For every one person who has something malicious to
say about the company, you'll find 10 others who have a 180
(degrees different) view," the trader said.
Several former Goldman Sachs employees who worked at the
company before its initial public offering said the firm's
culture did change after it got listed, as Smith alleges, with
bankers increasingly under the gun to boost profit.
"The culture definitely has changed since I was there," said
property developer SOHO China CEO Zhang Xin, who worked at
Goldman Sachs some 20 years ago and now is a client of the firm.
"Since the company went public there's this pressure on
earnings," Xin said.
But two Goldman Sachs clients who work at different hedge
funds both said that the criticisms that Smith levels at
Goldman's corporate culture could equally apply to its rivals.
"If clients want to start awarding business to nicer,
friendlier banks that would be great. But I don't think that is
going to happen," said one industry insider.

Sabrina

15th March 2012, 22:04

Australia
http://www.investordaily.com/cps/rde/xchg/id/style/13775.htm?rdeCOQ=SID-0A3D9633-92155141

Investorfirst CFO resigns
Search for replacement underway

By Kate Kachor
Fri 16 Mar 2012
The chief financial officer at Investorfirst has tendered his resignation.

RunningDeer

15th March 2012, 22:12

Sabrina, there's a delivery coming in about 20 minutes. Great big cinnamon bun and a double shot of cappuccino. A well deserved break! :yes4:

Thank you!
WhiteCrowBlackDeer

Sabrina

15th March 2012, 22:13

http://www.dailymail.co.uk/news/article-2115352/Greg-Smith-Goldman-Sachs-sees-2bn-wiped-market-value-trader-attacks-firms-toxic-culture.html

Goldman Sachs sees $2bn wiped off market value after trader attacks firm's 'toxic' culture in public resignation

Shares in New York plunged 3.4% the day after Greg Smith's resignation in open letter to New York Times
He blamed top bosses for 'decline in moral fiber' and being more interested in making money than looking after clients' interests
However, sources today claim he was disgruntled after losing out on promotion
By LYDIA WARREN, DANIEL BATES and SIMON TOMLINSON
PUBLISHED: 12:49, 15 March 2012 |

whoops

Snubbed? Former Goldman Sachs banker Greg Smith, pictured playing table tennis in 1996, quit his £3m-a-year job because he lost out on promotion, sources claimed today
More than $2billion was wiped off the market value of Goldman Sachs yesterday after one of its executive traders launched a public attack on the company's 'toxic' culture.
Greg Smith accused the company of putting money before its clients as he announced his resignation in an open letter in the New York Times on Wednesday.
He blamed two of its top bosses - CEO Lloyd Blankfein and President Gary Cohn - for the 'decline in the firm’s moral fiber'.
Yesterday, shares dropped 3.4 per cent in New York trading as his comments sparked furious debate on Wall Street.
The fall - of $4.17 to $120.37 - was the third-largest in the 81-company Standard & Poor’s 500 Financials Index, it was reported on Bloomberg Businessweek.
It comes after Smith, an executive director, was widely praised for his moral courage after quitting his £3million-a-year job in despair at the company's money-grabbing ethics.
But as the compliments came flooding in from friends and colleagues, there was an element inside the company who claimed he actually left because he was disgruntled about not getting a promotion.
It has been suggested he was also passed over for a bonus, which would have been paid out in February.
Smith, who is in his 30s, worked in the trading arm of the bank selling financial products based on the future behaviour of the stock market.

Sabrina

15th March 2012, 22:19

Greg Smith has started something ....will have to start an ex-employee justified rant section soon..

http://www.dailymail.co.uk/sciencetech/article-2115393/Google-ad-company-Departing-exec-James-Whittakers-Goldman-Sachs-style-rant.html

'Google is now just an ad company': Departing exec's Goldman Sachs-style rant about how search giant is now obsessed with harvesting people's private information

Google now wants to 'learn as much about people's private lives as possible'
Company has 'stopped' being a technology company focused on innovation
'When Gmail displays ads based on things in my email it creeps me out'
CEO Larry Page on 'mission' to beat Facebook
By ROB WAUGH
PUBLISHED: 14:27, 15 March 2012

A former Google executive has lambasted his ex-employer in a Goldman Sachs-style rant this week - claiming that the search company has been turned into an 'ad company' obsessed with harvesting people's private information.
James Whittaker, a current Partner Development Manager at Microsoft and ex-Engineering Director at Google, posted the 1328-word attack on Google on his Microsoft blog this week.
'Perhaps Google is right,' writes Whittaker, 'Perhaps the future lies in learning as much about people’s personal lives as possible.

'The Google I was passionate about was a technology company. The Google I left was an advertising company.

Sabrina

15th March 2012, 22:31

http://dealbook.nytimes.com/2012/03/15/wall-streets-latest-recruiting-crisis-on-campuses/?ref=business

MARCH 15, 2012, 12:20 PMINVESTMENT BANKING
Wall Street’s Latest Campus Recruiting Crisis

Wall Street, once a magnet for America’s best and brightest, is facing a recruiting problem.

The industry’s cachet, which was tarnished during the financial disaster, has been further stained by the lingering economic slowdown and a series of highly publicized industry scandals that have drawn critical attention to the big banks.......
“Perhaps Smith is a catalyst,” said the employee, who spoke on the condition of anonymity because many of his friends still worked at the bank......

“There have always been unhappy people” in finance, he added, but “this is the year people are realizing things are structurally different......Adding to the chorus of dissent, students now face criticism on their own campuses. Groups of protestors at Yale and Harvard stood outside bank recruiting sessions last fall, shouting slogans and holding signs with messages like “Take a chance, don’t go into finance.” At Princeton, a group affiliated with the Occupy Wall Street movement interrupted sessions by JPMorgan Chase and Goldman Sachs, urging their fellow students to rebel against what it said was “the campus culture that whitewashes the crooked dealings of Wall Street as a prestigious career path.......

“The claim of investment banking that it serves a social purpose by ‘lubricating capitalism’ has eroded,” Professor Wiggins said. “It’s simply very difficult for young people to believe that they’re serving any social purpose now.”

A shift in consciousness going on here! S

Sabrina

15th March 2012, 22:40

http://www.nzherald.co.nz/technology/news/article.cfm?c_id=5&objectid=10792236

EU investigates five telco giants over possible collusion
Thursday Mar 15, 2012

Five huge European telcos are facing an investigation of possible collusion on mobile networks. Photo / Thinkstock
EU anti-trust chiefs have asked five European telecoms giants to answer concerns over possible industry collusion.

Daozen

15th March 2012, 23:08

Three whistleblowers in two days. This looks like its being coordinated. Surprising the NY times is reporting it. They used to be a bastion of the establishment, I couldn't tnd to read their crap before. The media must be freeing up. Sachs was one of the main globalist banks.

We're also seeing a trend away from plain old resignations, towards arrests and embarrassing info.

Alie

15th March 2012, 23:32

I'm almost thinking that this thread is a MIGHTY important thread that we'll look back on. Thanks Sabrina.

Daozen

16th March 2012, 00:01

History in the making.

Bankers are more powerful than politicians. Greg Smith stepping down is like the beginning of the fall of the Soviet Block.

Eric J (Viking)

16th March 2012, 09:19

Sabrina

16th March 2012, 09:20

http://www.writebyte.net/writebyte.dll/GetPage?PageId=Jump

This is Tim Fuhrman's list totalling 374 at 14 March - too many bleeps to post - but it's bleeping interesting.... :)

Sabrina

16th March 2012, 09:25

Thanks Kabuki!

http://americankabuki.blogspot.com/p/131-resignations-from-world-banks.html

FINAL UPDATE 3/15/12, This is the last update on banker resignations for a while. I've made my point. I'm in danger of giving myself carpal-tunnel syndrome with all the clicking and pasting. I may make another post at the end of the 2nd quarter and I will pull that data from the Edgar database at the SEC. It won't have much of the UK data - but its a far more efficeint way to get this data. I didn't know it existed when I started. I learned all kinds of things about banking I never knew before! Perhaps there is an online database for the UK somewhere too. I may post some statistical analysis and graphs on this existing data. If you want to copy this data and use to continue this research, feel free to do so as long as you say a portion of it came from American Kabuki and promise to share the results with this blog so we can share it with the world.

If you enjoyed what I have done for the past month, please click the click on one of my fine ad sponsors! The money will help pay for my kid's high school trip to Europe this summer. If you've been foreclosed, perhaps an bank or lawyer ad. If you're an out of work banker, then click on a job search ad! I don't really know what brew of ads Google is serving up on these pages and it probably differs by region you are in. Thought it was better to run straight up ads than survivalist dooms day ads (we have such a bright future ahead once we get through this rough patch) or beg for money like a Sarah MacLaughlin endangered pet video. Just not into that kind of manipulation - you folks are better than that and deserve better. I'll probably remove the ads altogether before long anyway.
Love and Peace,
American Kabuki

(This is no. 320 through to 359 as at 15 March 2012 - Sab)

3/09/12 (UK) Lazard , co-head of investment banking Alexis de Rosnay quits. De Rosnay specialises in the healthcare sector, he has advised Teva Pharmaceutical and Novartis.
http://goo.gl/3gzbi
3/09/12 (UK) Deutsche Bank PWM, UK head of portfolio management Martyn Surguy resigned.
http://goo.gl/5Ti2p
3/09/12 (UK) Deutsche Bank PWM, head of discretionary management, Kypros Charalambous, having also stepped down.
http://goo.gl/5Ti2p
3/09/12 (HONG KONG) Bank of America Merrill Lynch, K.J. Kim, responsible for Southeast Asia, resigned
http://goo.gl/sE7xh
3/09/12 (HONG KONG) Bank of America Merrill Lynch, Jimmy Choi, who was in charge of high-yield debt, resigned.
http://goo.gl/sE7xh
3/09/12 (HONG KONG) Bank of America Merrill Lynch, Leonard Ng, a vice-president in Hong Kong resigned.
http://goo.gl/sE7xh
3/09/12 (AUSTRALIA) Bank of Queensland CFO Ram Kangatharan plans to leave the bank.
http://goo.gl/ieNea
3/09/12 (USA) Cerberus Capital Management LP, CEO Robert Nardelli resigns.
http://goo.gl/9uKVx
3/10/12 (AUSTRALIA) WESTPAC, Rob Chapman opted to quit running its regional subsidiary St George Bank.
http://goo.gl/G6MD
3/10/12 (TURKEY) Garanti Bank, The deputy CEO of Turkish lender Tolga Egemen, has decided to quit.
http://goo.gl/vAMzV
3/10/12 (CHINA) Korea Development Bank, Shanghai unit senior manager Stella Wen resigned.
http://goo.gl/55CqZ
3/10/12 (HONG KONG) Deutsche Bank, Johan Sudiman resigns as director.
http://goo.gl/6CYGP
3/12/12 (USA) John Lewis Partnership Pension Trust, head of investments Andrew Chapman, resigns
http://goo.gl/hevqh
3/12/12 (USA CA) California’s Department of Financial Institutions, commissioner William Haraf resigned. The DFI did not say why he is leaving.
http://goo.gl/zquTc
3/12/12 (KUWAIT) Gulf Bank, Chairman Ali Rashaid Al Bader quits
http://goo.gl/LDz9b
3/12/12 (UK and IRELAND) Allfunds Bank, head of UK and Ireland Alan Gadd is stepping down from his role at the end of April.
http://goo.gl/4DF6i
3/12/12 (USA) ICAP, CEO of the electronic broking business David Rutter step down following a restructuring of the business.
http://goo.gl/SUHqW
3/12/12 (UK) SVG Capital, chairman Nicholas Ferguson resigns. His departure left him well placed to succeed James Murdoch as chairman of BSkyB should the latter bow to investor pressure and step down. Other investors in the satellite broadcaster suggested Ferguson might be seen as too close to Murdoch to win the support of institutional shareholders.
http://goo.gl/z19wH
3/12/12 (SOUTH AFRICA) The Development Bank of Southern Africa (DBSA), CEO Paul Baloyi resigns.
http://goo.gl/yX4xo
3/12/12 (USA) Lehman Brothers Holdings Inc, CEO Bryan Marsal Resigns Title, Remains on as Adviser
http://goo.gl/1K9zV
3/12/12 (USA IL) CME Group Inc, CEO Craig Donohues will step down at year end.
http://goo.gl/lvzgC
3/13/12 (USA) Eaton Vance Corp, Treasurer and CFO Robert J. Whelan has stepped down.
http://goo.gl/oxmbL
3/12/12 (USA IL) CBOE Holdings Inc. (CBOE), senior compliance executive Patrick Fay has resigned. The options exchange being investigated by the Securities and Exchange Commission, Fay had been placed on leave after the SEC began investigating the options-market operator’s oversight of traders.
http://goo.gl/gj4W6
3/13/12 (USA) Mithras Investment Trust, chairman Mike Wooderson will step down
http://goo.gl/UjO2e
3/13/12 (USA) PHH Mortgage, President Luke Hayden resigned from to pursue what the company calls "other interests." http://goo.gl/iaqQf
3/13/12 (USA) PHH Mortgage, Treasurer Mark Johnson.resigned
http://goo.gl/iaqQf
3/13/12 (AUSTRALIA) WESTPAC, head of corporate affairs after David Bell decided to step down from the role. Bell is the latest top executive to leave the bank.
http://goo.gl/FntUz
3/13/12 (UK) Capula’s Systemic Trading Head Qiang Dai to Leave Fund
http://goo.gl/zkrN2
3/13/12 (UAE) National Bank of Abu Dhabi, CEO Michael Tomalin, will retire from the post in a few months.
http://goo.gl/dzBW8
3/13/12 (ISRAEL) Osem Investments Ltd, CEO Gazi Kaplan has tendered his resignation, effective April 2, citing heath reasons. Nestlé SA owns 58.8% of Osem.
http://goo.gl/t032l
3/13/12 (USA) Paulson & Co.'s, partner and head of the global bank team Robert Lacoursiere has quit to form his own hedge fund
http://goo.gl/I8UNd
3/13/12 (AUSTRALIA) ASX Ltd, Chairman David Gonski will step down from his role at Australia’s main stock market operator after being appointed to oversee almost A$90 billion ($95 billion) in the nation’s sovereign-wealth funds.
http://goo.gl/gJN33
3/13/12 (UK) JP Morgan, Asset Management European chief Jamie Broderick is to step down more than 20 years at the firm.
http://goo.gl/MV65V
3/13/12 (UK) SVG Chairman Nicholas Ferguson retires.
http://goo.gl/hTDDY
3/13/12 (UK) SVG Director Edgar Koning retires.
http://goo.gl/hTDDY
3/13/12 (UK) SVG Director Denis Raeburn retires.
http://goo.gl/hTDDY
3/13/12 (UK) SVG Director Francis Finlay retires.
http://goo.gl/hTDDY
3/14/12 (UK) Goldmand Sachs, executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa, Greg Smith, is resigning today.
http://americankabuki.blogspot.com/2012/03/why-i-am-leaving-goldman-sachs.html
3/14/12 (SOUTH AFRICA) ABSA chairman Garth Griffin to retire
http://goo.gl/Mhjb5

modwiz

16th March 2012, 09:25

http://www.writebyte.net/writebyte.dll/GetPage?PageId=Jump

This is Tim Fuhrman's list totalling 374 at 14 March - too many bleeps to post - but it's bleeping interesting.... :)

Very refreshing way of regarding our subjects. LOL.

Sabrina

16th March 2012, 09:41

http://www.telecompaper.com/news/china-mobile-director-resigns-amid-probe

China Mobile director resigns amid probe
Friday 16 March 2012 |

China Mobile said that Lu Xiangdong, one of the company's 13 directors, resigned due to "personal circumstances." Earlier this month, the company said Lu was "assisting judicial authorities in the investigation of suspected financial-related issues". In a filing with Hong Kong stock-market regulators, China Mobile said Lu's resignation was prompted by "his inability to perform his duties as an executive director and a vice president under his current personal circumstances." It added that "there is no matter relating to his resignation that needs to be brought to the attention of the shareholders." Last year two China Mobile executives were found guilty of taking bribes and received suspended death sentences.

Sabrina

16th March 2012, 10:12

http://www.rollingstone.com/politics/blogs/taibblog/guy-who-rented-all-94-rooms-of-aspen-hotel-for-party-scores-awesome-new-goldman-job-20120312

12 March - Rolling Stone Politics

Guy Who Rented All 94 Rooms of Aspen Hotel for Party Scores Awesome New Goldman Job

Remember the story about the Wall Street guy who rented out all 94 rooms of an Aspen hotel for three days for his daughter's Bat Mitzvah?

The main character in that tale was an individual named Jeffrey Verschleiser, a former Bear Stearns executive who was instrumental in helping blow up that venerable firm. Verschleiser among other things was reportedly involved with an elaborate Wall Street version of a merchandise return scam, only instead of taking the proceeds from returned TVs and stereos, his unit was pocketing the cash from crap mortgages sold back to banks on behalf of investors.

Verschleiser also made a bundle burning Bear's bond insurers, whom he bet against after inducing them to insure his crappy mortgage bonds, nicknamed "Sack of ****" bonds by one of the funny dudes in his department. Verschleiser reportedly bragged that he made $55 million shorting his own bond insurers in the space of three weeks. Those interested in the whole sorry story should check out reporter Teri Buhl's excellent Atlantic magazine piece entitled, "E-mails Suggest Bear Stearns Cheated Clients Out of Billions."

After Verschleiser decided to monopolize the elegant Hotel Jerome in Aspen for his daughter's Bat Mitzvah, news reports about his identity leaked out, and the event spurred some local controversy in Aspen and plenty of inflamed commentary around the interwebs. But it seems that the negative press has not hurt Verschleiser's career. This is from Bloomberg today:

Goldman Sachs Group Inc. (GS), the fifth-biggest U.S. bank by assets, named Justin Gmelich global head of credit trading as part of management changes in the wake of high-level departures.

Jeffrey L. Verschleiser will become global head of mortgage trading, according to an internal memo obtained by Bloomberg News. Gmelich and Verschleiser fill roles that were held by Donald R. Mullen until his departure earlier this year. Michael DuVally, a spokesman for the New York-based firm, confirmed the memo’s contents.

I'm sometimes asked if I've noticed any change in Goldman Sachs since the financial crash of 2008. I'd suggest that anyone who would ask that question simply check out this news item. It's not merely that Verschleiser appears to be a titanically entitled asshole of the Let-Them-Eat-Cake variety; it's also that this is a guy who was personally named in a number of major lawsuits involving exactly the sorts of tawdry behaviors that caused the crash -- like knowingly dumping "sack of ****" mortgages on the market, or betting against your own clients after sticking them with millions' worth of defective products.

So this guy, who made the news both for his professional unscrupulousness and for his personal assholedom, is the guy that Goldman picks to head its global mortgage operation.

As the Russians say: submitted without commentary.

Sabrina

16th March 2012, 10:18

http://www.rollingstone.com/politics/blogs/taibblog/j-p-morgan-chases-ugly-family-secrets-revealed-20120313
13 March Rolling Stone

J.P. Morgan Chase's Ugly Family Secrets Revealed

In a story that should be getting lots of attention, American Banker has released an excellent and disturbing exposé of J.P. Morgan Chase's credit card services division, relying on multiple current and former Chase employees. One of them, Linda Almonte, is a whistleblower whom I've known since last September; I'm working on a recount of her story for my next book.

One of the things we were promised by the lawmakers who passed the Dodd-Frank reform bill a few years back is that this would be a new era for whistleblowers who come forward to tell the world about problems in our financial infrastructure. This story now looms as a test case for that proposition. American Banker reporter Jeff Horwitz did an outstanding job in this story detailing the sweeping irregularities in-house at Chase, but his very thoroughness means the news may have ramifications for Linda, which is why I'm urging people to pay attention to this story in the upcoming weeks.......
She has been repeatedly harassed and has gone through all sorts of personal hardship as a result of this incident. She filed a whistleblower claim with the SEC as part of the new whistleblower program created by Dodd-Frank, but so far there's been no progress there.

full story at the link

modwiz

16th March 2012, 10:20

ViralSpiral

16th March 2012, 13:54

Not an official banker - well, perhaps in G*d credits http://www.millerfilm.com/spacelinks/wink_emoticon.bmp, but definitely high profile

Archbishop of Canterbury Rowan Williams is stepping down at the end of the year, calling an end to a tumultuous decade as leader of a global Anglican Communion Source (http://www.huffingtonpost.com/2012/03/16/archbishop-rowan-williams_n_1352856.html)

RunningDeer

16th March 2012, 14:32

cellardoor

16th March 2012, 16:53

Rowan-Williams-resigns-archbishop-canterbury

http://www.guardian.co.uk/uk/2012/mar/16/rowan-williams-resigns-archbishop-canterbury

The archbishop of Canterbury, Dr Rowan Williams, is to resign and return to academia as master of Magdalene College, Cambridge.

Williams, 61, will leave at the end of December in time to start his new role next January.

His time in office has been marked by a slowly growing schism in the worldwide Anglican church, which he has failed to heal. Williams has been attacked by conservatives for his liberal views on homosexuality and by liberals for failing to live up to these principles.

But he has been respected on all sides for his gifts as a preacher of great eloquence and flashes of clarity.

Ed Miliband, the Labour leader, tweeted: "Rowan Williams will be sorely missed as archbishop of Canterbury; did what he said he'd do – challenge the imagination of our country."

Williams's generally leftwing politics have led him to clash with the government, most notably when he guest-edited an issue of the New Statesman last year, which was taken by Conservative MPs as a declaration of hostilities.

The prime minister, David Cameron, said: "I would like to thank Rowan Williams for his dedicated service as archbishop of Canterbury. As a man of great learning and humility he guided the church through times of challenge and change. He sought to unite different communities and offer a profoundly humane sense of moral leadership that was respected by people of all faiths and none."

The bookmakers' favourite to succeed him is the Ugandan-born archbishop of York, John Sentamu, whose energy is widely admired, but who has upset some with a reputed forceful manner.

The other name frequently mentioned is the bishop of London, Richard Chartres, who is opposed to the ordination of women, but has been increasingly quiet. Both men are older than Williams.

None of the younger candidates has yet made their mark on the world outside the church, though Graham James, the bishop of Norwich, and Nick Baines, the bishop of Bradford, are two names most often mentioned.

Williams, who was confirmed in December 2002 as the 104th archbishop of Canterbury and spiritual leader of the 77-million-strong Anglican communion, told the Press Association that occupying the post had been an enormous privilege.

He described the Church of England as a "great treasure" that was still a place where many people sought inspiration and comfort in times of need. "I would like the successor that God would like," he said.

"It is a job of immense demands and I would hope that my successor has the constitution of an ox and the skin of a rhinoceros, really.

"But he will, I think, have to look with positive, hopeful eyes on a church, which for all its problems is still, for so many people, a place to which they resort in times of need and crisis, a place to which they look for inspiration.

"I think the Church of England is a great treasure. I wish my successor well in the stewardship of it."

In a statement issued by Lambeth Palace, Williams added: "It has been an immense privilege to serve as archbishop of Canterbury over the past decade, and moving on has not been an easy decision.

"During the time remaining there is much to do, and I ask your prayers and support in this period and beyond."

He added that he was grateful for all the support he and his wife, Jane, had received.

"I am abidingly grateful to all those friends and colleagues who have so generously supported Jane and myself in these years, and all the many diverse parishes and communities in the Church of England and the wider Anglican communion that have brought vision, hope and excitement to my own ministry," he said.

"I look forward, with that same support and inspiration, to continuing to serve the church's mission and witness as best I can in the years ahead."

The timing of his retirement has nothing to do with gay marriage. But his children have both left school, and he will have served all through the Queen's diamond jubilee. By leaving now he makes time for his successor to prepare for the next Lambeth Conference, a worldwide gathering of Anglican bishops due in 2018. The last one was marked by a schism after the US Anglican church ordained an openly gay bishop, Gene Robinson.

Williams planned to heal this schism by getting all constituent churches of the Anglican communion to sign up to a treaty or covenant which would stop them from ordaining openly gay clergy without central consent. But for the covenant to mean anything, it would have to be approved by a majority of the dioceses of the Church of England. Seventeen have so far rejected it, and only 11 approved. It seems likely that five more will reject it in voting this weekend, which would kill the scheme entirely.

The archbishop of York, John Sentamu, said: "It is with great sadness that I received the news that the archbishop of Canterbury will be stepping down at the end of this year.

"Our partnership in the gospel over the past six years has been the most creative period of my ministry. It has been life-giving to have led missions together, gone on retreats and prayed together.

"In his company I have drunk deeply from the wells of God's mercy and love and it has all been joyful. He is a real brother to me in Christ.

"The last decade has been a challenging time for the Church of England and the Anglican communion.

"Thankfully, Archbishop Rowan is a remarkable and gifted leader who has strengthened the bonds of affection. Despite his courageous, tireless and holy endeavour, he has been much maligned by people who should have known better. For my part he has been God's apostle for our time.

"His stepping down to pursue something he dearly loves – teaching and writing – is received with gratitude, as this will continue to be a blessing to the Church.

"I am delighted that he is not going far away and will continue to offer service to the Church of England and the wider church in its witness to our society. May God's blessing continue to be showered upon him."

Williams will continue to carry out all the duties and responsibilities of the archbishop of Canterbury, both for the Church of England and the Anglican communion, until the end of the year, Lambeth Palace said.

The Crown Nominations Commission (CNC) would consider "in due course" the selection of a successor.

Williams's return to academia will mark the end of more than 20 years as a bishop and archbishop. He was consecrated bishop of Monmouth in 1991 and elected archbishop of Wales in 1999.

His departure comes amid tensions within the Anglican communion over the issue of homosexuality.

The Church of England general synod also looks likely to give final approval in July to legislation introducing female bishops, with the threat of further walkouts by traditionalists.

Williams's predecessor, Lord Carey, held the post of archbishop of Canterbury for 11 and a half years and retired at 66 in 2002

write4change

16th March 2012, 17:30

Goldman Sachs story confirms my worst fears. Face changes but immorality deepens.

Sabrina

16th March 2012, 18:40

http://www.ft.com/cms/s/0/f5fef054-6f5a-11e1-9c57-00144feab49a.html#axzz1pJ3MMS6U
UK
March 16, 2012
Hector Sants to quit FSA in June

Hector Sants has bowed to growing pressure and resigned as chief executive of the Financial Services Authority after five years in the job, further depleting the ranks of senior financial regulators in the UK.

Mr Sants, who had lost the confidence of some senior politicians and financial services company bosses in recent months, had also grown impatient with the process of regulatory reform that would have made him one of three deputy governors of the Bank of England.

The former Credit Suisse banker had originally planned to remain in his job until mid-2013. However, delays in the legislative process to restructure the FSA, and merge its core bank regulatory function into the Bank of England, had extended the likely timeframe by a year, testing his patience, friends said.
Mr Sants, who will step down in June, had resigned once before, in February 2010, before being persuaded by chancellor George Osborne to stay and oversee the creation of the new Prudential Regulatory Authority within the Bank of England.

Critics said criticism from senior politicians was also threatening Mr Sants’ ability to stay in his job. Michael Fallon, an influential member of the Treasury Select Committee, told Scotland’s Sunday Herald newspaper a fortnight ago that he had “deep reservations about Hector Sants getting the PRA role”. He added that it was “fair to say other members of the committee share my reservations”, although committee chairman Andrew Tyrie on Friday praised Mr Sants’ “complete commitment and dedication to public service”.

Mr Sants was due to appear before the TSC in a “pre-appointment hearing” in the coming months - a prospect that Mr Sants did not relish, according to friends.

Some bank and insurance company executives have also been critical of Mr Sants, over his reinvention of the FSA as a tough-nut regulator. “It’s gone from supine to power-crazed with nothing in between,” said one.

Most commentators gave positive assessments of Mr Sants on Friday. “I think the City will be genuinely dismayed about Hector’s resignation,” said James Smethurst, Partner at Freshfields. “This again highlights the difficulty for the FSA in retaining senior staff [at] a time of really unprecedented regulatory upheaval.”

The government overhaul of regulation has unsettled FSA staff, prompting a string of top-level executives to leave. Margaret Cole, head of conduct regulation, recently resigned, following earlier departures by Sally Dewar, Jon Pain and Tom Heurtas.

Mr Sants’ prospective role as head of the PRA will be taken on by Andrew Bailey, his deputy. Mr Bailey, who hails from the BoE, is also expected to be named in due course as deputy governor.

Sabrina

16th March 2012, 18:59

Goldman Sachs story confirms my worst fears. Face changes but immorality deepens.

I'm not so sure. People are starting to wake up. The Goldman Sachs story is all over the main stream media. Think those in financial circles can see the panic behind the scenes and the amount share selling going on. There's far more scrutiny about now. I think it's going to be hard to operate in the same old way. I tend to agree with the article below - the shift is hitting the fan :).

http://beforeitsnews.com/story/1888/491/Critical_Mass_Approaching_-_The_Shift_Has_Hit_The_Fan.html

by Zen Gardner

The warnings and revelations of truth regarding current events that the alternative community is exposing are having a profound effect. This uncensored research is based on real history, news trends, accumulated information, knowledge of the occult such as ritual dates, numerology and other esoteric sciences as well as intuitive, conscious understandings.

The massive vibrational change of consciousness is palpable.

And it's getting to them. It's never been easy to quantify, but we're starting to get proof positive on a massive scale. One of the best examples is this Kony 2012 phenomenon that literally backfired right in the smug elites' faces. A young demographic comprised of millions worldwide latched on to the cause and then sussed it out almost immediately. Fantastic.

We need to take that awareness and apply that as direct knowledge on other fronts. The walls are coming down.

The wake up is approaching critical mass and starting to erupt in mainstream society. When impeachment proceedings are launched against Obama and war criminals Bush and Cheney can't travel outside the U.S. for fear of demonstrations and arrest, something big has shifted. When top banksters are resigning at an increasing rate and Timothy Geithner supposedly gets detained again and is rumored to have fingered Bush Sr. and Bill Gates, something's up.

The Power of Awareness

If everybody's screaming there's gonna be a nuclear hit on the London Olympics and it gets any kind of serious traction, they may just do it somewhere else. It's rare we'll ever know for sure, but when Killary says they're losing the info war, or Brzezinski says the global awakening is a threat, something's working, and well. And we've come a long way since then.

Being aware of not just the information but the vibrational changes is a huge advantage. The insiders on their side know about this too. Most of the stooges you see in the news don't. They're just hired thugs. We know it's working not just by observing information and events, but by intuitive conscious awareness and the thrilling crescendo of awakened lives we're seeing and hearing from everyday.

Their ranks know something's happening because it's impacting their plans and putting them on the defensive. Imagine someone trying to make a wave pattern in one end of a swimming pool trying to push all the floating items in a certain direction. Then in jumps person after person in the other end and they start playing and splashing around. You think Mr. Wavepattern Controller will feel the effects? Oh yeah, and he won't be too happy about all these unpredictable waves swishing around the pool now, would he?

Cosmically it's much more profound than that, but you get the idea.

So....everyone in the pool! Start making all the waves you can! Every drop counts!

Sabrina

16th March 2012, 19:13

Perhaps a lot more than we know...

~~~~~~~~

The Securities Exchange Act of 1934 requires that publicly traded companies must report to the SEC whenever a member of the Board or certain officers resign. Also, the SEC has a database named EDGAR that is open to the public. After a little research, what was discovered is that corporations must report said resignations on Form 8-K, Item 5.02. From there, it was a simple matter of searching only Form 8-Ks within a specific range of dates, and including the boolean search terms "Resigns" and "Resignation".

I felt this would at least offer us a baseline comparison to see if there is truly an uptick in resignations, or if it just appears that way. I think you will be interested in the results.

From the start of 2008 to the second quarter of 2011 the resignations remained steady @ about 2000 per quarter. Suddenly in the 3rd quarter of 2011 they increased by 50% to 3000 for that quarter. (That's an extra 1000). Then in the 4th quarter they jumped to 7000. (That's an additional extra 5000 resignations). Now without the full quarter results for the first quarter of 2012 they are up to 16,000. (That's an extra 14,000 resignations & increasing fast).

That's a total of 20,000+ extra resignations that no one is reporting in news papers & nothing of course in the major media!

~~~~~~~~

viking

Yes thanks for that Viking. That's certainly substantially more than the usual musical chairs of people changing jobs. So critics can't argue that it's just the usual churn. And that's only SEC figures - and not getting a public airing as you say. Tangible energetic shift you could argue....

¤=[Post Update]=¤

Not all getting it their own way.

http://www.mirror.co.uk/news/uk-news/former-lloyds-boss-eric-daniels-763344

By Graham Hiscott Comments 16 Mar 2012 UK
Former Lloyds boss Eric Daniels denied £800,000 bonus

The former chief executive, who oversaw 30,000 job losses, was among four top people denied shares by the board of directors
Taxpayer-rescued Lloyds bank has refused to hand former boss Eric Daniels an £800,000 bonus.

The former chief executive, who oversaw 30,000 job losses, was among four top people denied shares by the board of directors.

A source said: “It’s in the interest of shareholders.

Sabrina

16th March 2012, 19:24

http://www.nytimes.com/roomfordebate/2012/03/15/does-morality-have-a-place-on-wall-street/saving-the-street-from-itself
15 March USA New York Times Opinion
Saving the Street From Itself

Robert Reich, the former Secretary of Labor, is Chancellor's Professor of Public Policy at the University of California at Berkeley.

If Greg Smith believes what he’s experienced is something new, he doesn’t know history. In 1928, Goldman Sachs and Company created the Goldman Sachs Trading Corporation, which promptly went on a speculative binge, luring innocent investors along the way. In the Great Crash of 1929, Goldman’s investors lost their shirts but Goldman kept its hefty fees.

If Smith believe such disregard of investors is unique to Goldman, he doesn’t know the rest of Wall Street. In the late 1920s, National City Bank, which eventually would become Citigroup, repackaged bad Latin American debt as new securities which it then sold to investors no less gullible than Goldman Sachs’s. After the Great Crash, National City’s top executives helped themselves to the bank’s remaining assets as interest-free loans while their investors and depositors were left with pieces of paper worth a tiny fraction of what they paid for them.

The problem isn’t excessive greed. If you took the greed out of Wall Street all you’d have left is pavement. The problem is endemic abuse of power and trust. When bubbles are forming, all but the most sophisticated investors can be easily duped into thinking they’ll get rich by putting their money into the hands of brand-named investment bankers. Moreover, finance has become so complex that investors don’t even know when they’re being taken for a ride, and so can’t possibly hold a brand-name bank responsible for their losses – or for gains that are a fraction of what they might otherwise have been.

If you took the greed out of Wall Street all you’d have left is pavement.
That’s why we have regulations. After millions of investors lost everything in 1929, the federal government stepped into the breach with the Securities Acts of 1933 and 1934 and the Banking Act of 1933, sponsored by Senator Carter Glass and Representative Henry Steagall. But starting in the 1970s and 1980s, Wall Street made sure these and the regulations issued under them were steadily watered down – which contributed to the junk-bond and insider trading scandals of the 1980s, the dot-com scams of the late 1990s and early 2000s, the Wall-Street enablers of Enron and other corporate looters, and the wild excesses that led to the crash of 2008.

Wall Street’s shenanigans have convinced a large portion of America that the economic game is rigged. Yet capitalism depends on trust. Without trust, people avoid even sensible economic risks. They think that if the big guys cheat in big ways, they might as well begin cheating in small ways. And when they think the game is rigged, they’re easy prey for political demagogues with fast tongues and dumb ideas.

The Street has only itself to blame. It should have welcomed new financial regulation as a means of restoring public trust. Instead, it lobbied intensely against the new Dodd-Frank Act and refused to resurrect Glass-Steagall. The cost of such cynicism has leached deep into America, finding expression in Tea Partiers and Occupiers and millions of others who think the Street has sold us out.

Sabrina

16th March 2012, 19:37

http://www.zerohedge.com/news/terminated-cbo-whistleblower-shares-her-full-story-zero-hedge-exposes-deep-conflicts-impartial-

15 March USA

Terminated CBO Whistleblower Shares Her Full Story With Zero Hedge, Exposes Deep Conflicts At "Impartial" Budget Office

Earlier today, we suggested that in the aftermath of the Greg "Muppets" Smith NYT OpEd, contrary to assumptions by Jim Cramer, a bevy of potential whistleblowers would step up to tell their tale of fraud and corruption across all walks of life - from Wall Street to, far more importantly, Washington, consequences be damned. This was paralleled by an alleged JPM whisteblower describing to the CFTC the firm's supposedly illegal activities in the precious metals space, which while we initially dismissed, we now admit there may be more to the story (stay tuned), even though we still have our doubts. What we are 100% certain of, however, is that yet another whistleblower has stepped up, this time one already known to the general public, and one that Zero Hedge covered just over a month ago: we refer to the case of former CBO worker, Lan T. Pham, who, as the WSJ described in early February, "alleges she was terminated [by the CBO] after 2½ months for sharing pessimistic outlooks for the banking and housing sectors in 2010" and who "alleges supervisors stifled opinions that contradicted economic fixes endorsed by some on Wall Street, including research from a Morgan Stanley economist who served as a CBO adviser. As part of the review, Sen. Grassley's staff is examining whether Wall Street firms or others exert influence that compromises the office's independence." (full story at link)

Sabrina

16th March 2012, 19:58

Sabrina

16th March 2012, 20:35

We've had resignations, we've got arrests - what colour hat does George wear? - will channel an answer shortly...

http://www.washingtonpost.com/blogs/reliable-source/post/live-george-clooney-protestors-arrested-outside-sudan-embassy/2012/03/16/gIQAFOlRGS_blog.html

Posted at 03:01 AM ET, 03/16/2012
George Clooney arrested in D.C. outside Sudan embassy
By Aaron Leitko and James Buck
George Clooney, Martin Luther King III, several members of Congress and other activists were arrested by the U.S. Secret Service and taken away in plastic handcuffs outside the Sudan embassy on Massachusetts Avenue Friday morning.

The group was protesting the Sudanese hunger crisis, accusing President Omar al-Bashir of blocking food and humanitarian assistance from reaching hundreds of thousands of Sudanese.

avid

16th March 2012, 20:36

http://www.propublica.org/article/four-whistleblowers-who-sounded-the-alarm-on-banks-mortgage-shenanigans

Four Whistleblowers Who Sounded the Alarm on Banks’ Mortgage Shenanigans

According to one whistleblower suit, Bank of America allegedly denied qualified homeowners access to the government's loan modification program. (Mario Tama/Getty Images file photo)

by Cora Currier
ProPublica, March 15, 2012, 4:46 p.m.
7 CommentsRepublishEmailPrint

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Buried in the sweeping mortgage settlement with banks, for which final documents were filed this week, are five whistleblower cases that shed light on the litany of foreclosure abuses by the banks.

According to one suit, Bank of America allegedly passed bad loans on to the Federal Housing Administration. According to another, the bank allegedly denied qualified homeowners access to HAMP, the government's loan modification program.

The suits were all settled as part of the overall $25 billion mortgage deal. They were filed under the False Claims Act, which provides incentives for whistleblowers to come forward in cases in which someone has defrauded the government. Whistleblowers can net up to 25 percent of the total settlement from False Claims suits, and in some of these cases, the reward is in the millions.

Details are available for four of the cases; documents in a fifth, against JPMorgan Chase, have not yet been filed in Massachusetts. While the cases were settled as part of the overarching agreement, they still have to be accepted by the courts in which they were originally filed. In reaching the settlements, none of the banks admits or denies the lawsuits' allegations.

We've laid out the details of each case.

Countrywide Defrauded the FHA

Kyle Lagow worked at LandSafe, a contractor of Countrywide, which Bank of America bought in 2008. He brought a suit in 2009 alleging that the company systematically undermined the appraisal process for home loans in order to approve as many as possible:

Undermining the appraisal system (p. 27)

The result was bad loans passed on to the FHA for insurance, while Countrywide was later able to file millions in claims from the FHA. (Read the complaint, which has plenty of juicy details.)

Lagow alleged that much of the appraisal staff was not properly trained, and that many of the appraisals were done by a developer, KB Home, which had a stake in making sure the loans closed:

KB Homes uses its own appraiser (p. 33)

Countrywide pressured LandSafe to blacklist appraisers with whom KB Home "had too many issues." (KB Home did not respond to requests for comment.):

Challenging Appraisers (p. 40)

Lagow's complaints were ignored or challenged:

Lagow's appraisals are challenged (p. 40)

He also said he was fired for bringing the issue to Countrywide executives. Lagow's suit was settled for $75 million, and was a component of the FHA's $1 billion settlement with Bank of America over FHA insurance. Documents detailing his cut of the $75 million haven't yet been filed. Bank of America did not respond to requests for comment.

Rampant Robosigning at Bank of America, Wells Fargo, JPMorgan and Citi

Lynn Szymoniak, a lawyer, was facing foreclosure in 2008 when she received what she believed were fake documents from her bank. She began an investigation and eventually filed a false claim suit against the country's four largest mortgage servicers.

Szymoniak's suit is still sealed, but she told CBS' "60 Minutes" last year about a mystery woman, "Linda Green," who appeared to be the vice president of 20 different banks and whose signature varied on the thousands of mortgage documents she had supposedly signed. Szymoniak also discovered what she called a "sweatshop" company, Docx, which had forged signatures on thousands of mortgage documents. (The banks that Szymoniak named told "60 Minutes" that Docx was hired by subcontractors. The company has since been shut down.)

Her suit was settled for $95 million, and she will receive $18 million. JPMorgan Chase declined to comment, and Wells Fargo and Bank of America did not respond to our inquiries. A spokesman for Citi declined to respond to the specific allegations but said that Citi "is making every effort to ensure that no foreclosure goes forward based on an inaccurate or defective affidavit."

JPMorgan Chase Hid Fees from Veterans Program

Two employees at a Georgia mortgage broker alleged in a suit filed last summer that JPMorgan, along with Bank of America, Wells Fargo and Citigroup, scammed a program that is supposed to make it easier for veterans to get loans. The banks hid fees that would have disqualified loans from the program, lumping them with other items on the clients' bills, and then submitted fraudulent documents to the government for reimbursement under the veterans program:

Hiding fees on veterans' loans (p. 44)

Read their full complaint.

JPMorgan settled for $45 million. The two whistleblowers, Victor Bibby and Brian Donnelly, told Reuters that together they would receive $11 million. They also said they would continue their case against the other banks. JPMorgan declined to comment.

Bank of America Cut Qualified Homeowners Out of HAMP

Gregory Mackler worked at Urban Lending, a company contracted by Bank of America to handle HAMP requests. His suit, filed last summer, alleged that Bank of America actively sought to reduce the number of people who qualified for the government's loan modification program, HAMP, pushing instead the bank's often less affordable proprietary loan modifications. This approach saved Bank of America money but cost homeowners. (Read the complaint.)

Mackler's complaint describes many ways that Bank of America, through Urban Lending, allegedly disqualified homeowners for HAMP.

Payments were intentionally processed incorrectly so that they would be deemed late:

"Late" payments (p. 40)

Houses that were owner-occupied were declared not so based on "drive-by" inspections:

"Drive-by" assessments (p. 37)

In some instances, Countrywide started foreclosure proceedings on homeowners who had been told they were "under review" for HAMP modifications. (ProPublica has detailed many similar instances.) And the customer advocates assigned to HAMP customers didn't have access to the information that they needed:

Customer advocates hampered (p. 29)

When Mackler raised concerns with Bank of America executives, the suit alleged, he was ignored or told that Bank of America was "not of course interested":

"Back off" the issue (p. 31)

According to the suit, Mackler was fired "in retaliation" in March 2011. Bank of America did not respond to our requests for comment.

The suit was settled for $6.5 million, and Mackler's cut has not been finalized.

7 comments
Barry Schmittou
Yesterday, 5:12 p.m.
The Obama administration is treasonous for failing to prosecute anyone.

They also allowed Wachovia Bank to launder $378 billion for the murderous Mexican Drug cartels, and no one was prosecuted.

Obama also protects insurance companies that ignore life threatening medical conditions in four different types of insurance, and they rig bids to increase sales of these policies but no one is prosecuted !!

The Republicans seem to allow the same crimes but I was having too many surgeries during that time to document them as much.

The Obama administrations trolls who attack me should be sure to mention why it’s okay for Obama to ignore all the deadly corporate crimes they are ignoring as seen in the Court filing I posted at the following website. Please remember the Court told me only the Attorney General can stop the insurance companies from ignoring medical conditions and Obama’s AG will not take action :

http://www.obamadrugmurdersconnection.blogspot.com

val murphy
Yesterday, 6:46 p.m.
Actually Barry, it is the AG in the state where the policy is written not the federal AG who could address your concerns. Health, Home and Vehicle insurance are under the regulation of the state insurance regulatory agencies. President Obama did sign regulation that precludes health insurance companies from not covering pre-existing conditions. I would suggest call your state department of insurance and filing a complaint as well as contact your state AG to redress your issues.

Joe Collins
Today, 7:41 a.m.
Barry
I can promise you it won’t do any good. I’ve made several calls to The State of Texas AG and they never call you back. Written complaints are lost or at best you recieve a letter which says “Thanks for your comments.”
The only cases the AG’s can prosecute are very high profile cases which will bring them great publicity. Oh and the cases have to brought to them all wrapped up with a bow on top. Just like the SEC.

John
Today, 10:21 a.m.
This would explain why they’re so interested in getting that settlement out of the way. If the whistleblowing cases pan out, the banks wouldn’t be in a very good position, so better to give a token apology before actual assets are at risk.

I assume that the whistleblower protections will magically evaporate shortly. I mean, between this and Bradley Manning…

Barry Schmittou
Today, 12:17 p.m.
Thank you for your kind comments. Please understand these are violations of Federal laws that are being protected by the Obama administration.

U.S. Magistrate Judge Bryant read the evidence and wrote to me saying I have “more than sufficiently alleged fraudulent abuse”.

Judge Bryant also wrote that the Federal 6th Circuit Court of Appeals Panel of Judges wrote this about enforcing criminal laws in Health insurance claims that are regulated by U.S. Title 29 :

“the enforcement of such provisions is the exclusive prerogative of the Attorney General”

The Attorney General and Secretary of Labor appointed and directed by Obama are very aware the patients can die while they wait for their case to get to Court and be resolved. They refuse to seek prosecution even though Barack Obama said the following at the National Prayer meeting in February 2012 :

“When I talk about making sure insurance companies aren’t discriminating against those who are already sick I do it because I know that far too many neighbors in our country have been hurt and treated unfairly over the last few years, and I believe in God’s command to love thy neighbor as thyself. For me as a Christian, it also coincides with Jesus’s teaching To whom much is given much is expected”

(end of quotes)

Letters I have received from Obama’s DOL Directors in Washington and Atlanta further prove the Federal nature of these crimes :

The Atlanta Regional Director of the DOL EBSA wrote the following after reviewing the quotes linked below where numerous U.S. Judges’ wrote that MetLife and doctors’ paid by MetLife ignore life threatening medical conditions :

“Please be assured that EBSA’s top priority is to protect the benefits of participants and to make sure that providers of those benefits obey the law.”

(Written on 12/10/2010 by DOL Regional Director RC Marshall)

On January 26, 2011 Department of Labor Director of Participant Response Ms. Sharon Watson sent a letter from Washington saying :

“As we previously indicated, we take the allegations you have made that MetLife has engaged in a pattern of fraudulent activities regarding your claim and other participants’ claims very seriously and have taken the information under advisement.”

Ms. Watson closed by saying :
“At this time, there is nothing more EBSA can do for you”

It took me four years to get the DOL to even acknowledge and respond to the evidence I submitted.

They responded when I placed a video on YouTube where the DOL agent repeatedly said “We can’t go against MetLife”.

The following website shows the quotes that Obama’s DOL and DOJ are ignoring. Numerous Federal Court Judges write that MetLife’s Doctors’ ignore life threatening medical conditions including brain lesions. Multiple Sclerosis, cancer and cardiac conditions of many patients, and a foot that a new mother broke in five places :

http://www.deadlyorganizedcrimes.blogspot.com

To see how MetLife’s attorneys also lie in multiple courts if the patient lives to have their case heard please see the Federal Judges quotes at :

http://www.lawyerslyingincourt.blogspot.com

This next website shows how MetLife Simultaneously Destroys 7 Laws Requiring Care, Skill, Diligence, Prudence and Safeguards!

http://www.sevenlawsviolated.blogspot.com

Links at the following website prove MetLife and two of their executives gave Obama huge contributions. Then the two executives signed page five of the DOJ’s agreement where no one was prosecuted for rigging huge bids to sell the exact same policies where MetLife is ignoring life threatening medical conditions when patients file claims. Please view Exhibit C of :

http://www.obamadrugmurdersconnection.blogspot.com

That’s about five percent of the evidence I’ve presented to Obama’s Directors, Republican Senator Grassley and leaders of both parties.
Additionally, the website above shows evidence of Obama protecting corporations that commit multiple crimes incuidng Wachovia Bank Laundering $378 Billion for the murderous drug cartels and no one was prosecuted.

That’s enough money to fund the entire Afghanistan war twice, and no one was prosecuted !!!!!!

Leaders of both parties continue to ignore the evidence while falsely proclaiming they are serving God as seen in the quotes I posted above that Obama said at the National Prayer meeting. Obama is willfully enabling the destruction of thousands of lives every year and that’s why I continue to pray God will help us all !

James Tennier
Today, 1:27 p.m.
Terribly sorry to see AGs cave at DofJs insistence. Strangely Nevada’s Catherine Cortez-Masto did not personally sign “The Settlement”? One more display (Eric Holder) of the Presidents inability to hire qualified “help.”

I still view banks as a cancer slowly consuming their host, us.

FLEETWOOD
50 minutes ago
Someday I would like to see a study of the number of bank robberies with a gun or threat, from 2006 - 2010 with total dollars stolen, and number of people convicted and years sentenced. Then with a chart, compared to dollars stolen by the banking industry, (they were using an ink pen), number of people convicted and years sentenced. Should be interesting. I feel sorry for the homeowners and the massive number of hours they have needed to exhaust on their fights with the banks and government.

The 'thot plickens'...
I am giving up on this as there is so much corruption it's hard to find the 'uncorrupting' of the real corruption! Rotten to the core then. The videos of the supposedly 'fail-safe' voting machine are a total joke. 900 dead folk voted in one constituency!!! Ron Paul has been trashed everywhere - votes fiddled with, votes not 'arrived' - good grief! I expect that is a global 'problem' where there is severe lobbying and severe hacking of voting....
Are most folks still watching 'got talent', 'dancing on..' etc Fluoride is working then isn't it? >>:-(((

modwiz

16th March 2012, 20:41

Goldman Sachs story confirms my worst fears. Face changes but immorality deepens.

It confirms their arrogance and contempt. It further shows that they are beyond redemption. They unclog their noses in our general direction and bare their arses at us while they taunt us some more. The fall of Blankfein and his ilk will be as hard as it is now unavoidable. They are not untouchable as they believe they are. When you are only 1% of the population and your criminality is exposed, your fate in inevitable with time being the only variable.

modwiz

16th March 2012, 20:53

ThePythonicCow

16th March 2012, 21:08

Doing the rounds at the moment. I'd better dust down the TV set then, and get the popcorn. Who knows as they say...

Imminent Televised Event: Mass Arrests of 10,000 Global Cabal Members - 2012

http://www.youtube.com/watch?v=6eKhTUU35X4
This particular video is discussed in the thread Imminent Televised Event (A Youtube prediction by "visionarypeace") (http://projectavalon.net/forum4/showthread.php?42536-Imminent-Televised-Event--A-Youtube-prediction-by-visionarypeace--)

Sabrina

17th March 2012, 12:11

Following on from thread 301 from the Facebook Global Resignations site:

Banking & Financing:(Week 11 {so far}: 35 resignations)

3/15/12 (DENMARK) Sparekassen Faaborg boardmember Steen Grønved Nielsen resigns
http://tinyurl.com/6rd3m74

3/15/12 (USA) HomeStreet Bank holding company HomeStreet Inc EVP and CFO David Hooston to exit
http://tinyurl.com/7uhtxvx

3/15/12 (UK) RBC Capital Markets head of SSA syndicate desk Noel Williams resigns
http://tinyurl.com/7zcf4z8

3/15/12 (UK) Novia London sales manager Dave Chassell quits
http://tinyurl.com/7gx6sn2

3/15/12 (Not Specified) Prosper (finance) CEO Chris Larsen steps down
http://tinyurl.com/6lhu8xx

3/15/12 (USA) Walton Area Chamber of Commerce president and CEO Kitty Whitney resigns
http://tinyurl.com/7b2j722

3/15/12 (UK) The Royal British Legion’s (fund) director of corp. communications Stuart Gendall resigns
http://tinyurl.com/7bhtysl

3/15/12 (IRELAND) President of Sinn Fein USA (fund) Larry Downes steps down
http://tinyurl.com/7uqnwcg

Governments:(Week 11 {so far}: 23 resignations)

3/15/12 (USA) U.S. Codex (codex alimentarius!) manager Karen Stuck to retire
http://tinyurl.com/7nyj8h7

3/15/12 (CHINA) Party secretary of Chongqing Bo Xilai removed after probe
http://tinyurl.com/6v8g52e

3/15/12 (BULGARIA) Economy Minister Traicho Traikov resigns
http://tinyurl.com/78gmqzh

3/15/12 (BULGARIA) Health Minister Stefan Konstantinov resigns
http://tinyurl.com/78gmqzh

3/15/12 (CYPRUS) Finance Minister Kikis Kazamias steps down
http://tinyurl.com/6offowu

3/15/12 (USA) State Senator George Bunting to retire
http://tinyurl.com/7njljcd

3/15/12 (SCOTLAND) Glasgow City councillor Shaukat Butt resigns
http://tinyurl.com/7dlkgx5

Arrests & Investigations:3/15/12 (SWAZILAND) Finance minister Majozi Sithole faces arrest
http://tinyurl.com/6t3uc7r

3/15/12 (USA) Ohio Judge Steven Terry found guilty of fraud, to resign post
http://tinyurl.com/6stvjzf

3/15/12 (TAIWAN) Probe starts on President Ma Ying-jeou, former Premier Wu Den-yih and former Agriculture Minister Chen Wu-hsiung in an alleged cover-up of H5N2 avian flu outbreaks
http://tinyurl.com/7bj6r66

Sabrina

17th March 2012, 12:16

http://www.punchng.com/news/sec-probe-resign-shareholders-tell-otteh/
Nigeria 17 March

Shareholders under the aegis of the Progressive Shareholders of Nigeria have called for the resignation of the Director-General, Securities and Exchange Commission, Ms. Arunma Otteh, in view of the startling revelations on misappropriation of funds.

Reacting on behalf of the group, their National Chairman, Mr. Boniface Okozie, said the act setting up SEC made it its duty to protect the interest of the shareholders but lamented that the contrary had been the case.

Sabrina

17th March 2012, 12:19

CYprus 17 March
http://www.cyprus-mail.com/

THE departure of Finance Minister Kikis Kazamias from the Cabinet has opened a new front between the government and opposition over the reappointment or not of Central Bank Governor Athanasios Orphanides.

DISY number two Averof Neophytou yesterday went so far as to say that if Orphanides was not reappointed when his term finishes at the end of next month, it could prove disastrous for the country.

Speaking to the state broadcaster, Neophytou argued that Cyprus and the banking system needed Orphanides now more than ever. Putting a new guy in the top seat of the supervising authority when the incumbent’s term ends on April 30 could prove “catastrophic” for the country, he warned.

DreamsInDigital

17th March 2012, 12:20

Sabrina, just wanted to thank you for your dedication to this thread. It's been very helpful in so many ways.

Daozen

17th March 2012, 14:21

3/15/12 (USA) U.S. Codex (codex alimentarius!) manager Karen Stuck to retire
http://tinyurl.com/7nyj8h7

She did a superb job in running that office, including operating, communicating, outreach and strategizing. We'd like to clone her if we could. I think she's well thought of internationally as well."

:eek:

Sabrina

17th March 2012, 18:29

This is from the 9 Feb Financial Tyranny blog by David Wilcock (Divine Cosmos). May be connected with some of the job changes? S.

IS THE SEC CRACKING DOWN ON THIS?

WILCOCK: Furthermore, I've heard that the SEC has been heavily cracking down on those who were abusing the system, particularly in the last two years.

This is why new people are being invited in at lower entry levels. The system needs people to hold these positions in order to function, as currently designed, and many have been quietly weeded out.

Sabrina

17th March 2012, 18:39

17 March
http://news.yahoo.com/goldman-person-leaked-apple-intel-secrets-lawyer-232929726.html

Goldman person leaked Apple, Intel secrets: lawyer

NEW YORK (Reuters) - A person at Goldman Sachs Group Inc, who has not been identified or charged in a broad U.S. insider-trading probe, was caught on a wiretap leaking secrets about Intel Corp and Apple Inc, a lawyer for accused former Goldman board member Rajat Gupta said in court on Friday.

Lawyer Gary Naftalis, in a heated exchange with U.S. prosecutor Reed Brodsky during a pre-trial hearing, said the Goldman person leaked confidential information about the two companies to Raj Rajaratnam, the Galleon Group hedge fund founder convicted of insider-trading charges last year....

Sabrina

17th March 2012, 18:44

http://www.miningweekly.com/article/great-western-ceos-exit-all-part-of-the-plan-analyst-2012-03-16
16 March
TORONTO (miningweekly.com) – Great Western Metals, which plans to sell $80-million in convertible bonds to build a rare earths facility in South Africa, said on Friday Jim Engdahl will step down as CEO.

“My stated objective was to position the company for rapid growth with an integrated model and on a fully funded basis. This has now been achieved,” said Engdahl, who has served in the role since March 2006.......
Engdahl said it was mainly the strategic importance of heavy rare earths that led US president Barack Obama to take China to the World Trade Organisation (WTO), along with the EU and Japan, for restricting exports of the group of 17 elements. The heavy rare earths are used in defence technology, such as guided missiles.

Sabrina

17th March 2012, 18:47

Guardian (Media) UK 17 March

James Murdoch gives up another directorship

James Murdoch has given up another directorship. He will not seek re-election to the board of auction house Sotheby's, according to a filing with the Securities and Exchange Commission (SEC).

The statement says that Murdoch informed the board on 14 March of his intention explaining that it will enable him "to focus on his core responsibilities" as deputy chief operating officer of News Corp.

Rupert Murdoch's youngest son was a Sotheby's director for two years. His move follows demands for Murdoch's resignation from some Sotheby's shareholders in the wake of the phone hacking scandal.

James Murdoch, 39, resigned from the board of GlaxoSmithKline in January and he also resigned as executive chairman of News International last month.

But he remains non-executive chairman of BSkyB - at least, for the moment.

Sources: Reuters/Financial Times/SEC

Sabrina

17th March 2012, 18:53

http://www.telegraph.co.uk/news/worldnews/asia/china/9144837/China-sacks-one-of-the-countrys-most-powerful-politicians-Bo-Xilai.html
17 March
China sacks one of the country's most powerful politicians Bo Xilai
China's Communist Party replaced one of the country's most powerful politicians on Thursday after weeks of speculation following a trusted aide fleeing to a US consulate, a move that set off a public scandal affecting the country's looming once-a-decade leadership transition.

The move to replace Bo Xilai appears to effectively end the public career of one of China's most highly ambitious and unusually flamboyant leaders, whose professional tribulations had dominated political discussions in recent weeks.
Once considered a candidate for a seat on the party's all-powerful Politburo Standing Committee when new members are selected during this fall's major leadership transition, Bo was replaced as Chongqing city Communist Party secretary by Vice Premier Zhang Dejiang, the official Xinhua News Agency said Thursday in a one-sentence report.

Bo's removal will likely spur further competition for seats on the Politburo Standing Committee. But it should also put to rest lingering speculation over his fate that had prompted near-obsessive attention from China watchers and overshadowed the just-concluded annual session of the National People's Congress, China's legislature.

Zhang, Bo's replacement in Chongqing, is an economics specialist who served for many years in the vibrant provinces of Zhejiang and Guangdong.
It wasn't clear if Bo had resigned or been forced out and there was no immediate word on whether Bo remained on the party's 25-member Politburo.

14 March - Telegraph - UK

China's Wen Jiabao calls for 'urgent' political reform
China must change its political system or it could once again face a catastrophe on the scale of the Cultural Revolution, said Wen Jiabao, the country’s premier.......
Mr Wen warned that the new problems emerging in Chinese society, including a huge wealth gap, endemic corruption and a public distrust of the government, could only be solved with “more economic and political structural reform”.

Sabrina

17th March 2012, 19:18

03/16/2012 Spiegel - Germany

http://www.spiegel.de/international/europe/0,1518,821752,00.html

New Role for German Finance Minister?
Merkel Lobbies for Schäuble to Head Euro Group

German Chancellor Angela Merkel is reportedly pushing for her finance minister to be the next head of the Euro Group, the informal body that governs Europe's common currency. But Wolfgang Schäuble could face resistance from France over fears that Germany is becoming too powerful

More here on The Slog 17 March:

http://hat4uk.wordpress.com/

RunningDeer

18th March 2012, 14:08

Sabrina, I just figured out why I like this thread. :thumb: It brings me hope and the knowing that things will be 'righted' eventually. And it's all found in one place. Thank you for that. :clap2:

Sabrina

18th March 2012, 16:57

http://vaticaninsider.lastampa.it/en/homepage/the-vatican/detail/articolo/inchiesta-vatileaks-vaticano-becciu-13557/
16 March
Vatican Insider

In an interview with the director of Vatican daily broadsheet “L’Osservatore Romano”, the deputy Secretary of State stated that an inquiry into the leaks of top-level confidential documents alleging corruption and mismanagement, has begun in the Holy See

Sabrina

18th March 2012, 17:09

http://www.menafn.com/qn_news_story_s.asp?storyid=1093494307
Jordan - 18 March
Chairman of Jordan Phosphate Mines resigns on Sat citing company interests (company involved into investigations into alleged corruption).

Sabrina

18th March 2012, 17:17

http://www.telegraph.co.uk/news/worldnews/africaandindianocean/maldives/9066746/Maldives-president-resigns-after-police-and-army-mutiny.html
18 March
Maldives president resigns after police and army mutiny

The Maldives' first democratically-elected president resigned on Tuesday following a coup attempt by police officers and army troops to plunge the tropical island paradise into turmoil.

President Mohamed Nasheed announced he was standing down in a televised press conference in the capital Male in which he said he was not willing to use force against protesters or call in a foreign power to prop up his government.

Sabrina

18th March 2012, 17:29

Facebook's Global Resignations latest list for 16 March:

Banking & Financing:(Week 11 {so far}: 43 resignations)

3/16/12 (Not Specified) Investorfirst CFO and company secretary Ariel Sivikofsky resigns
http://tinyurl.com/7jdshty

3/16/12 (MALAYSIA) Amanah Raya Bhd (trust) managing director Datuk Ahmad Rodzi Pawanteh steps down
http://tinyurl.com/7wbujpm

3/16/12 (UK) Non-exec chairman at Towry (investment & fin. advice) Glyn Jones steps down
http://tinyurl.com/83g3y8b

3/16/12 (GERMANY) Chief risk officer (CRO) of Deutsche Bank Hugo Bänziger steps down
http://tinyurl.com/7pmal9k

3/16/12 (USA) Henderson Global Investors Inc. head of the International Opportunities Fund Iain Clark steps down
http://tinyurl.com/7kfxz3j

3/16/12 (USA) EVP and CCO of Heritage Bank of Commerce Margaret Incandela resigns
http://tinyurl.com/6wcaqaz

3/16/12 (USA) Genworth Financial board member J. Robert Kerrey resigns to campaign for senate seat
http://tinyurl.com/7566f74

3/16/12 (UK) CEO of the FSA (Financial Services Authority) Hector Sants to leave
http://tinyurl.com/7av7v5n

Governments:(Week 11 {so far}: 28 resignations)

3/16/12 (UK) Archbishop of Canterbury Rowan Williams to resign, return to academia
http://tinyurl.com/78gmwsy

3/16/12 (CANADA) Liberal MLA Harry Bloy resigns from B.C. cabinet after email leak
http://tinyurl.com/7v7zr3l

3/16/12 (BULGARIA) Deputy head of State Agency for National Security Ivan Drashkov resigns
http://tinyurl.com/7jomw55

3/16/12 (USA) Republican Senator Pam Galloway resigns from state Senate
http://tinyurl.com/7s9dsn6

3/16/12 (USA) Senior counsel and legal advisor Amy Levine leaves FCC (Federal Communications Commission)
http://tinyurl.com/6ol9nn8

Companies & Businesses:(Week 11 {so far}: 63 resignations)

3/16/12 (UK) Chief executive Peter Bolton King of NFoPP (National Federation of Property Professionals) resigns
http://tinyurl.com/72lyw6d

3/16/12 (AUSTRALIA) Moly Mines (mining) COO Derek Fisher unexpectedly steps down
http://tinyurl.com/7l9349t

3/16/12 (PERU) Bear Creek Mining Corporation CFO Brad Blacketor resigns
http://tinyurl.com/7yvqvoq

3/16/12 (USA) Major tech industry CEO of HP’s Vertica division Chris Lynch resigns
http://tinyurl.com/7w32pdx

3/16/12 (USA) Miramax (film) CEO Mike Lang resigns
http://tinyurl.com/84924rs

3/16/12 (USA) Executive director of the American Academy of Periodontology Alice DeForest retires
http://tinyurl.com/7o6btra

3/16/12 (USA) NextEra Energy CEO Lewis Hay III to step down in july, to retire in 2013
http://tinyurl.com/7mfjdjj

3/16/12 (USA) Patterson-UTI Energy Inc. (oil) president and CEO Doug Wall to retire this year
http://tinyurl.com/6majgtc

3/16/12 (USA) Chief technology officer James Barton of TiVo resigns
http://tinyurl.com/86r9c4g

3/16/12 (CANADA) ProSep Inc. (oil & gas) CFO Claude Samson resigns
http://tinyurl.com/7ndxxw7

3/16/12 (USA) Symantec’s Channel chief Randy Cochran resigns
http://tinyurl.com/6szatvo

There's a noticeable amount of resignations in the mining world. Sab

Sabrina

18th March 2012, 17:35

http://dealbook.nytimes.com/2012/03/17/twelve-more-partners-leave-dewey-law-firm/?ref=business
New York TImes 18 March
Twelve More Partners Leave Dewey Law Firm
BY PETER LATTMAN

Twelve partners at Dewey & LeBoeuf resigned late Friday, the latest in a wave of departures for the beleaguered law firm.

The lawyers, who are leaving to join Willkie Farr & Gallagher, represent insurance companies in a variety of matters, from mergers and acquisitions to stock and bond offerings. Insurance law is a practice area for which Dewey is well known.

New York-based Dewey has lost 31 of its 300 partners since January, including the 12 who left on Friday. The firm has gotten into financial difficulties after extending lucrative pay guarantees to its top producers. Many partners have had their compensation deferred or slashed after Dewey posted tepid financial results last year.

The firm’s problems come at a challenging time for the legal industry, which has yet to recover from the steep economic downturn. And the cost of top legal talent has risen, with many large firms extending multimillion-dollar, multiyear guarantees to their biggest producers.

Limor Wolf

18th March 2012, 20:31

More than a month ago, I posted about an article published on the financial edition of the biggest newspaper in Israel:

"Senior Economists in Israel are resigning, an escape or a coincidence?
Israel's chemicals manufacturing company CEO, Akiba Mozes, announced yesterday morning that he is resigning after 37 years at the company and 13 years in his specific role.Moses is not alone.Leumi Bank CEO, Galia Maor has resigned on Sunday after 20 years, 16 of them as the general manager of the bank. Shlomo Yanai,the CEO of the giant pharmaceutical company -Teva,has resigned the next day,after five years in the job."

http://projectavalon.net/forum4/showthread.php?38307-Senior-economists-in-Israel-are-resigning-an-escape-or-a-coincidence

I think it fits this thread as well

Daozen

18th March 2012, 23:32

There's a noticeable amount of resignations in the mining world. Sab

I noticed that myself. I'm sure the mining industry is up to all sorts of shenanigans, and some firms are helping make the DUMBS.

Sabrina

19th March 2012, 09:48

http://www.bbc.co.uk/news/business-17426707

Financial spreadbetting firm WorldSpreads has appointed special administrators following the discovery of accounting irregularities.

The company said in a statement that as at close of business on Friday 16 March, the board of directors believed there was a shortfall of some £13m in clients' money.

The announcement follows the suspension of WorldSpreads' shares on Friday.

On Wednesday, chief executive Conor Foley resigned.

Mr Foley, who co-founded WorldSpreads in 2000, was leaving to pursue other interests, the company said.

His departure comes two weeks after chief financial officer Niall O'Kelly resigned on the day the group issued a profit warning.

Shortfall in accounts
In a statement released on Sunday evening, the Financial Services Authority (FSA) said WorldSpreads had become aware of accounting irregularities on Friday, 16 March.

"Following this it quickly became apparent that the company was unable to continue in business and the directors and their advisers concluded that the best course of action, in order to mitigate losses for clients, would be to place the company into special administration," the FSA said.

It added that while the joint special administrators would review the client cash holdings positions and return as much cash as possible to clients, "any shortfall in the client money accounts will impact the amount of money that can be returned".

WorldSpreads said on Monday that it had appointed KPMG as special administrators.

"Gross amounts owed to clients are approximately £29.7m, whereas the total cash balances available to the company are approximately £16.6m," it revealed.

It said a further statement would be made as and when appropriate.

And Reuters this morning (19 March):

http://uk.reuters.com/article/2012/03/19/worldspreads-idUKL6E8EJ0CX20120319?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews

Sabrina

19th March 2012, 09:58

(sorry - there is a graph but am too resignedly technically challenged today to post it - but bet Paul or another bright spark Avalonian can! - still doesn't explain everything in my opinion, but of course valid - Sab.)

http://shutking.blogspot.co.uk/2012/03/mystery-behind-global-mass-resignations.html

SUNDAY, MARCH 18, 2012

The Mystery Behind Global Mass Resignations in the Capital Formation and Political Arena That Has Put a Wet Blanket Over Our Worldwide Recession is No Mystery
By Nicholas Contompasis

The implementation of Dodd-Frank occurred on September 19th 2011. Now, if you notice this chart, which tracks resignations within the banking and financial industry, you’ll see a great surge of executives bailing out in the fourth quarter of 2011 and it continues into the first quarter 2012. This is no mystery if you understand the penalties and reporting requirements this new Act enforces.

The mass exodus hasn’t stopped and continues to gain momentum as these executives realize that if they don’t quit they could end up in jail. Further indications show they could go to jail, even though they’ve resigned, depending on their political influence. Example, will former MF Global chief executive and former Governor Jon Corzine go to jail for his stealing of over a billion dollars? Of course he won’t! But, many who worked for him will.
Many conspiracy theorists on the internet are pushing ideas that these people are resigning for more farfetched reasons. But, anyone that’s been following this new strict Act understand that the capital formation industry is now under attack by an Act that was basically adopted by American socialists in congress during their two year majority rein (2008-2010) in all three branches of the U.S. government.
The Dodd-Frank Act comically was named after the two individuals who were more responsible for the derailing of our capitalist economy than any other politicians besides former President Bill Clinton. The naming of the Act is now seen by many in the capital formation industry as a whitewashing of their own fraudulent and treasonous acts. You could say they were saving their own hides by pointing the finger at everybody else.
To now, threaten former executives for merely following the rules of the road during this unprecedented era of growth is laughable. To now, at this critical point of economic uncertainty throw a wet blanket over the industry that has created more jobs globally over the past sixty plus years is a direct attack on our American way of life and could result in dire consequences.
But, it’s starting to happen and everybody’s disconnecting phones and leaving no forwarding address!!!

Taken from the Securities and Exchange Commission website -
“The Dodd-Frank Act
Background: Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act makes numerous changes to the registration and reporting and recordkeeping requirements of the Investment Advisers Act of 1940. Among these is the requirement that advisers to most private funds (hedge funds and private equity funds) register with the Commission. Historically, many of these advisers had been exempt from registration under the so-called “private adviser” exemption. The Dodd-Frank Act replaces this exemption with several narrower exemptions for advisers that advise exclusively venture capital funds and advisers solely to private fund with less than $150 million in assets under management in the United States. Foreign private advisers and advisers to licensed small business investment companies also are exempted.
The Dodd-Frank Act provides the Commission with the authority to collect data from registered investment advisers about their private funds for the purposes of the assessment of systemic risk by the Financial Stability Oversight Council. In addition, the Dodd-Frank Act modifies the allocation of responsibility for mid-sized advisers between state regulators and the Commission.
The definitional and transitional rules became effective on July 21, 2011. The implementing rules generally become effective on September 19, 2011.
On October 31, 2011, the SEC adopted rules (jointly with the CFTC for dually-registered advisers) requiring advisers to hedge funds and other private funds to report information for use in monitoring systemic financial risk.” http://www.sec.gov/spotlight/dodd-frank/hedgefundadvisers.shtml

Sabrina

19th March 2012, 10:10

The Fed is fighting a subpoena from lawyers in a civil lawsuit who want Chairman Ben Bernanke to testify about conversations he had in 2008 before Bank of America bought Merrill Lynch, Dan Fitzpatrick reports on Markets Hub.

http://www.youtube.com/watch?v=GtfFNhwzRUI&feature=player_embedded

Uploaded 13 March

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http://www.huffingtonpost.com/2011/09/15/john-mack-morgan-stanley-ceo_n_964352.html
15 March
John Mack, Morgan Stanley Chairman, Resigns; CEO James Gorman To Take Over Role

Morgan Stanley Chairman John Mack, whose sharp elbows and aggressive cost-cutting tactics earned him the nickname "Mack The Knife," will step down at year-end, handing the post to Chief Executive James Gorman.

Sabrina

19th March 2012, 10:13

http://www.euronews.com/2012/03/19/greece-s-pasok-party-elects-new-leader/
19 March

Greek finance minister Evangelos Venizelos is expected to resign from the government today after being elected leader of the socialist PASOK party.

The 55-year-old stood unopposed for the job after winning the backing of all the party’s most influential members.

He replaces George Papandreou who’d become increasingly unpopular over the imposition of austerity measures and who resigned as prime minister in November.

Speaking to supporters, Evangelos Venizelos said Greece had huge potential but it was up to the Greeks themselves to realise it.“It is in their own hands,” he said, “but that hard work was needed along with unity, stability, and decisiveness.”

Although it was an easy win for Venizelos his next challenge will be a general election pencilled in for the end of April or May. However analysts predict voters will punish PASOK for the massive budget cuts demanded by the EU and IMF in return for a 130 billion euro bailout package.

Daozen

19th March 2012, 12:04

(sorry - there is a graph but am too resignedly technically challenged today to post it - but bet Paul or another bright spark Avalonian can! - still doesn't explain everything in my opinion, but of course valid - Sab.

The Mystery Behind Global Mass Resignations in the Capital Formation and Political Arena That Has Put a Wet Blanket Over Our Worldwide Recession is No Mystery

http://2.bp.blogspot.com/-8ov3l7r0d0Q/T2Ys1YXSE-I/AAAAAAAABgY/P5Hk0tiPVgE/s400/ajkjdk.jpg

foreverfan

19th March 2012, 23:18

It's almost over. Where's my $125,000?

ThePythonicCow

20th March 2012, 01:43

The implementation of Dodd-Frank occurred on September 19th 2011. Now, if you notice this chart, which tracks resignations within the banking and financial industry, you’ll see a great surge of executives bailing out in the fourth quarter of 2011 and it continues into the first quarter 2012. This is no mystery if you understand the penalties and reporting requirements this new Act enforces.

Aha - that makes more sense - thanks!

write4change

20th March 2012, 01:56

I am not so sure about that. I have given a great deal of study to the Sarbanes-Oxly Act referred to often as SOX. It was passed in 2000 with a Senate Vote of 99-0. I think many CEO and CFO of these bie banks and corporations could have been nailed with it. What we had was no desire to prosecute under Bush. Now we are pretending we need new laws when enforcement of what we still have would do a lot of damage. I see no desire in the Obama administration to want to prosecute any one but whistle blowers. Those being taken out could answer to higher world courts IMHO. In the US, the banks still rule.

Daozen

20th March 2012, 12:05

Nicholas Contompasis makes an interesting point, that these resignations could be linked with the Dodd-Frank act. But that is a US only law that wouldn't explain gov resignations in Romania Bulgaria, Germany etc. Or Mining execs quitting in Oz.

He also says some dodgy things here:

To now, threaten former executives for merely following the rules of the road during this unprecedented era of growth is laughable. To now, at this critical point of economic uncertainty throw a wet blanket over the industry that has created more jobs globally over the past sixty plus years is a direct attack on our American way of life and could result in dire consequences.
But, it’s starting to happen and everybody’s disconnecting phones and leaving no forwarding address!!!

Unprecedented growth? Global job creation? I don't buy his argument.

Sabrina

20th March 2012, 12:06

http://www.huffingtonpost.com/2012/03/19/camorra-mafia-arrests_n_1364844.html?ref=world

19 March

Camorra Mafia Arrests In Naples, Italy, Include 16 Judges And $1.3 Billion In Seized Assests

In a huge anti-mafia bust, 16 judges have been arrested near Naples, Italy, according to the BBC, for allegedly being in cahoots with Italy's notorious Camorra crime syndicate. Corriere della Sera reports that assets seized as part of the raid are worth more than $1.3 billion including financial assets, stock holdings, bank accounts, land, real estate and vehicles.

Police allege that the judges accepted bribes to rule in favor of the Camorra in financial cases, the Australian Broadcasting Company reports, and one judge is said to have worked as an accountant for the crime family.

AGI notes that 47 people have been arrested in all, with 22 in jail, 25 under house arrest and an additional 13 people banned from living in the province of Naples. Thus far police have not released names of people implicated in the raid.

The Camorra family gained infamy for its extortion and drug trafficking exploits, the BBC writes, but police investigations have shed light on the reach of its criminal activity in real estate, hotel management and the food industry. According to a BBC documentary from 2011, the Neapolitan crime family is responsible for more than 3,000 deaths over the last three decades, operating as a pseudo-government that controls illicit drugs, business, politics and the garbage disposal industry.

Sabrina

20th March 2012, 12:09

Global Resignations Facebook site:

Worldwide resignations for March 19/18/17 (direct link to The List: http://tinyurl.com/7fdhsxz )

-> Not too big an update today, I'm sure it'll pick up again by mid-week.

- (Middle East) Finance head at SNR Denton Islamic resigns

- (Switzerland) Julius Baer bank's chairman steps down in a "surprise departure"

- (HK) China Development Bank HK branch CEO retires

- (US) SunTrust Bank president and CEO to retire

- (Sweden) AP6 (private equity) CEO steps down

- (Switzerland) Vice-chair of FINMA (Swiss Financial Market Supervisory Authority) to step down

- (Malaysia) Former Information Minister resigns from Umno (largest politcal party)

- (Armenia) Secretary of opposition party **Karine Hakobyan** quits

- (US) Democratic state Rep. *Mike McDonald* to retire

- (INDIA) Security Adviser to state gov. steps down

- (UK) BBC director-general to step down later this year

- (USA) Ford corporate secretary to retire

- (USA) Co-founder of cable network C-SPAN steps down

- (Netherlands) CFO of NXP Semiconductors to resign

- (Poland) CCO of Netia (telecom) resigns from board

- (Botswana) Director of Botswana Diamonds (mining) steps down

- (US) VP and group publishing director of American Media Inc. resigns

- (Jordan) Chairman of Jordan Phosphate Mines Company resigns

- (Philippines) Former exec of Legacy-owned banks arrested and arraigned

Sabrina

20th March 2012, 12:16

http://www.kaieteurnewsonline.com/2012/03/20/top-exec-resigns-from-aurora-gold-project/

Top exec. resigns from Aurora Gold Project
MARCH 20, 2012 | BY KNEWS | FILED UNDER NEWS

Claude Lemasson has resigned as President and Chief Operating Officer (“COO”) of the Guyana Goldfield Inc. (GGI) with effect from April 9th, a statement from the company said yesterday.
Lemasson was a public face of the Canadian company which announced last year that it was building Guyana’s largest goldmine facility in the coming years. It will also be building the country’s first underground mine.

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http://edition.cnn.com/2012/03/20/world/asia/cambodia-khmer-rouge-court/index.html
20 March
2nd international judge resigns from court trying Khmer Rouge crime

(CNN) -- An international judge has resigned from the special court set up in Cambodia to try people accused of committing atrocities under the Khmer Rouge in the 1970s, saying his Cambodian counterpart was obstructing efforts to investigate cases.
The resignation by Laurent Kasper-Ansermet, announced Monday, is the second departure of an international judge from the court in the past six months amid tensions with local officials.
His predecessor, Siegfried Blunk, resigned as international co-investigating judge in October, complaining that statements by Cambodian government ministers about two of the court's cases threatened to undermine proceedings.

Sabrina

20th March 2012, 12:20

http://www.sbs.com.au/news/article/1635531/PNG-govt-calls-on-judges-to-resign

PNG govt calls on judges to resign
19 March 2012 | 06:46:06 PM| Source: AAP
Papua New Guinea's Deputy Prime Minister Belden Namah has called on three judges, including the chief justice of the Supreme Court, to resign.

In a full-page press statement in the Port Moresby-based The National newspaper, Mr Namah accuses Chief Justice Sir Salamo Injia and Justices Nicholas Kirriwom and George Manuhu of "judicial corruption".

Mr Namah also calls for the resignation of the registrar of the Supreme and National courts.

The 361-word statement is the latest public salvo in an ongoing dispute between high-ranking officials of PNG's judicial system and elements of the national executive.

Police two weeks ago arrested Sir Salamo and court registrar Ian Augerea on allegations of misappropriating funds belonging to a deceased justice's estate, releasing them soon after.

The court then placed a permanent stay on the case, calling the police investigation an abuse of process because the funds were correctly handled.

Citing an email allegedly written by Justice Manuhu and shared among judges, Mr Namah said it showed justices agreed that Sir Salamo had acted incorrectly in handling the funds, but had banded together to publicly protect him.

Sabrina

20th March 2012, 12:25

http://www.thenews.com.pk/Todays-News-13-13293-Cabinet-to-resign-en-bloc-in-a-few-days
20 March
Cabinet to resign en bloc in a few days
ISLAMABAD: The federal cabinet will resign en bloc in a few days as soon the president and prime minister return from foreign trips towards the end of the month.Prime Minister Yusuf Raza Gilani will formally ask the members of cabinet to submit their resignations for the formation of a new cabinet in the wake of shuffling in the ranks of Senate where 54 new members replaced 50 old members last week after they completed their tenure. The shuffle has enhanced the strength of the ruling Pakistan People’s Party (PPP) in the upper house of parliament.

This will be the second time in four years of the government that the prime minister will be asking the members of federal cabinet to submit their resignations to a raise new cabinet.Sources told The News here on Monday that some important ministers would either be shown the door or would be shifted to less important ministries. Prime Minister Gilani does not want to shed any members of the cabinet, but the party leadership is pressing for changing faces. The decision with regards the proposal will be taken in a highly important meeting of the ruling alliance where all leaders of parliamentary groups belonging to the government would also be present. The whole exercise will be carried out immediately after the president and prime minister return from their visits to Tajikistan, South Korea and China respectively.

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http://www.ifrasia.com/pm-deutsche-bank-asia-pac-investment-bank-head-quits-reuters/21007036.article
20 March

P&M: Deutsche Bank Asia-Pac investment bank head quits - Reuters

Deutsche Bank head of corporate and investment banking in Asia Pacific Loh Boon Chye has resigned, according to two sources familiar with the matter.

In a memo to Deutsche staff, co-chief executive Anshu Jain confirmed the resignation and said the Singapore banker, credited as the architect of the bank’s markets business in Asia, would continue to chair a working group to manage its leadership transition in the region for two months.

One of the sources read out the memo to Reuters over the telephone. A Deutsche spokesman declined to comment.

Loh, 47, joined Deutsche in 1995 and, in 2002, became head of the global markets Asia unit he had helped build.

Known for his deep connections in Singapore financial services, Loh is a non-executive director on the country’s stock exchange board and began his career as an investment officer with the Monetary Authority of Singapore.

He is now likely pursue a career outside investment banking, according to one insider.

Loh’s resignation follows the departure of Asia-Pacific CE Rob Rankin, who has been promoted to a London role as co-head of corporate banking and securities.

Sabrina

20th March 2012, 12:29

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9153871/Vatican-Bank-faces-fresh-controversy.html

Vatican Bank faces fresh controversy

Thirty years after it was entangled in a scandal involving the mafia, money laundering and the mysterious death of the man nicknamed "God's banker", the Vatican bank faces fresh controversy.

The bank – formally known as the Institute for Works of Religion or IOR – has suffered the ignominy of having one of its accounts closed by JP Morgan after stone-walling requests for information.
The sanction came less than two weeks after the US State Department listed the Vatican as being potentially vulnerable to money laundering.
A Milan affiliate of JP Morgan said it will shut the account by the end of the month after revealing Vatican bankers had been "unable to respond" to requests for details about payments into the account.
A spokesman for JP Morgan in Milan declined to comment, citing client confidentiality.
The Milan branch had been seeking information since 2010, when the Vatican bank was accused by authorities in Rome of contravening money-laundering regulations.

In an unusual move, Ettore Gotti Tedeschi president of the Vatican bank, was placed under investigation and a judge in Rome ordered a freeze on €23m (£19.5m) held in one of the bank's accounts.
The scandal prompted the Vatican bank to initiate anti-money-laundering legislation, which is currently being debated by the Roman Catholic Church hierarchy.

The Vatican has a chequered history on financial transparency and propriety. Its financial past has included, most notoriously, its involvement in the bankruptcy of Italy's largest private bank, the Banco Ambrosiano, in 1982. Its president, Roberto Calvi, nicknamed "God's Banker", was found hanged beneath London's Blackfriars Bridge, with investigators unable to rule whether he had committed suicide or was murdered.
The Vatican bank was unavailable for comment.

Sabrina

20th March 2012, 12:34

http://www.independent.co.uk/news/business/news/ashcrofts-bcb-breached-rules-of-stock-exchange-7576948.html
19 March
Ashcroft's BCB breached rules of Stock Exchange (UK)
Bank did not reveal to AIM all directorships held by Conservative Party donor's son

BCB Holdings broke London Stock Exchange rules by failing to declare all the directorships held by Andrew Ashcroft, son of the Conservative party donor Lord Ashcroft, The Independent has discovered.

Mr Ashcroft replaced his father on the board of BCB Holdings, the peer's AIM-listed Caribbean banking business, last year and the company was required to disclose all other current and recent board memberships at that time.

Although it declared seven existing directorships and two more where he had sat on the board within the previous five years, public records from the Turks and Caicos Islands (TCI), where Mr Ashcroft is based, show that he had also been a director of another company that BCB Holdings did not reveal.

A document from the TCI's Financial Services Commission shows that Mr Ashcroft was appointed director of Reef Development Company Ltd on 7 September, 2010. His fellow board members were Peter Gaze and Phillip Osborne, two of Lord Ashcroft's long-time business associates and both board members of BCB Holdings.

Eighteen months ago, BCB Holdings was also revealed to have made incomplete disclosures of Mr Osborne's outside business interests, after an investigation by the BBC's Panorama programme

Sabrina

20th March 2012, 12:38

http://www.bbc.co.uk/news/business-17441930

Sun Hung Kai executive arrested over suspected bribery

A senior executive of Hong Kong construction firm Sun Hung Kai Properties, Thomas Chan Kui-yuen, has been arrested over suspected bribery.

Mr Chan, an executive director, is responsible for land acquisitions and project planning.

The firm confirmed the arrest by the Independent Commission Against Corruption, but gave no details of the allegations.

Sun Hung Kai Properties is one of Asia's biggest property developers. The firm said Mr Chan's arrest "has not affected and will not affect the normal business and operations of the group".

The property developer said it had set up a special committee to look into the investigation by the anti-corruption body and handle "all matters which may arise from and relate to such investigation".

The firm is run by Hong Kong's Kwok family, which is ranked as Hong Kong's third-richest with a net worth of $15.4bn (£9.7bn).

The company's shares fell more than 2% on the Hong Kong Stock Exchange on Tuesday.

Sabrina

20th March 2012, 12:43

http://news.sky.com/home/uk-news/article/16191913

BBC Chief Thompson To Quit This Autumn
19 March
BBC director-general Mark Thompson is to step down from his role at the broadcaster this autumn.

Mr Thompson announced the move in an email to staff at the corporation after a meeting with BBC Trust chairman Lord Patten.
He said: "This morning I told Lord Patten that I believe that an appropriate time for me to hand over to a successor and to step down as Director-General of the BBC would be the autumn of this year, once the Olympics and the rest of the amazing summer of 2012 are over."
Mr Thompson said he had discussed his leaving date with Lord Patten last year and said he wanted his successor to "have time to really get their feet under the table" before the next review of the BBC charter, before the end of 2016

(doesn't want to schedule disclosure :) )....

Sabrina

20th March 2012, 17:37

There's a thread on this via Jackovesk, but think it's worth including here to illustrate the amount of alleged hidden information and corruption coming out at the moment. S

http://www.brisbanetimes.com.au/queensland/cia-threatens-australian-coal-industry-palmer-20120320-1vhi7.html#ixzz1peJHpl8K
20 March
CIA threatens Australian coal industry: Palmer

Mining magnate Clive Palmer has accused the Australian Greens and Queensland environmental campaigners of "treason" in conspiring with US powers to destroy the nation's coal industry.

Mr Palmer was expected to give his response to the passing of the Gillard government's mining tax at a media conference called this afternoon, but the multi-billionaire was concerned only with perceived collusion between the United States' Central Intelligence Agency and the environmental lobby.
Mr Palmer turned his attention to a report by Greenpeace and other anti-coal groups, titled Stopping the Australian Coal Export Boom, which outlined an environmental campaign designed to disrupt and delay the expansion of the industry.

While brandishing a copy of the report this afternoon, Mr Palmer said it was the result of a CIA conspiracy involving the US-based Rockefeller Foundation.

"This is funded by the CIA," he said.
"You only have to go back and read ... the report to the US Congress that sets up the Rockefeller Foundation as a conduit of CIA funding.
"You only have to look at the secret budget which was passed by Congress last year - bigger than our whole national economy - with the CIA to ensure that.

"You only have to read the reports to US Congress where the CIA reported to the president that their role was to ensure the US competitive advantage - that's how you know it's funded by the CIA."

Mr Palmer argued descendants of US oil magnate John Rockefeller had bankrolled the Greenpeace report, in a bid to disrupt and damage the Australian coal industry. (full story at the link)

Solstyse

20th March 2012, 17:38

Thank you Sabrina for keep this all so up to date.
I check in with every new post you do.
Your hard work is appreciated.

Sabrina

20th March 2012, 17:57

http://news.ninemsn.com.au/article.aspx?id=8438140
20 March
Eureka Energy MD Peter Mills resigns

Oil industry executive Bill Bloking, who recently joined Eureka as an executive director, will take over Mr Mills' responsibilities until a full-time replacement is found.

Sabrina

20th March 2012, 18:01

(via Bankster Spotting - Facebook)

VATICAN CITY/MILAN, March 19 (Reuters) - JP Morgan Chase is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported.

The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering.

The bank, formally known as the Institute for Works of Religion (IOR), enacted major reforms last year in an attempt to get Europe's seal of approval and put behind it scandals that have included accusations of money laundering and fraud.

Italy's leading financial daily Il Sole 24 Ore reported at the weekend that JP Morgan Chase in Milan had told the IOR of the closing of its account in a letter on Feb. 15.

The letter said the IOR's account in Italy's business capital would gradually be phased out starting on March 16 and closed on March 30.

In Milan, JP Morgan Chase declined to comment and the Vatican also had no comment. It was not possible to contact IOR officials because Monday was a holiday in the Vatican.

Il Sole said JP Morgan Chase informed the IOR that the account was being closed because the bank's Milan branch felt the IOR had failed to provide sufficient information on money transfers.

The financial newspaper, which gave the number of the IOR account, said some 1.5 billion euros passed through it in about 18 months. It said the account was a "sweeping facility," meaning that it was emptied out at the end of each day with funds transferred to another IOR account in Germany.

The closure move by JP Morgan Chase, which was also reported by two leading general newspapers on Monday - Corriere della Sera and La Stampa - was a further blow to the IOR, whose image has been tarnished by a string of scandals.

In September, 2010, Italian investigators froze 23 million euros ($33 million) in funds in two Italian banks after opening an investigation into possible money-laundering.

The bank said it did nothing wrong and was just transferring funds between its own accounts. The money was released in June 2011 but Rome magistrates are continuing their probe.

"VATILEAKS" SCANDAL

The public image of the bank has also been harmed by the so-called "Vatileaks" scandal, in which highly sensitive documents, including letters to Pope Benedict, were published in Italian media.

Some of the leaked documents appear to show a conflict among top Vatican officials about just how transparent the bank should be about dealings that took place before it enacted its new laws.

The IOR, founded in 1942 by Pope Pius XII, handles financial activities for the Vatican, for orders of priests and nuns, and for other Roman Catholic religious institutions.

Last year, the Vatican adapted internal laws to comply with international standards on financial crime.

The 108-acre sovereign state surrounded by Rome now complies with the rules of the Paris-based Financial Action Task Force (FATF).

It also established an internal Financial Information Authority (FIA) along the lines of other countries and has committed to comply with international anti-money laundering standards and liaise with the group and law enforcement agencies.

The IOR was entangled in the collapse 30 years ago of Banco Ambrosiano, with its lurid allegations about money-laundering, freemasons, mafiosi and the mysterious death of Ambrosiano chairman Roberto Calvi - "God's banker".

The IOR then held a small stake in the Ambrosiano, at the time Italy's largest private bank and investigators alleged that it was partly responsible for the Ambrosiano's fraudulent bankruptcy.

Several investigations have failed to determine whether Calvi, who was found hanging under Blackfriars Bridge near London's financial district, killed himself or was murdered.

The IOR denied any role in the Ambrosiano collapse but paid $250 million to creditors in what it called a "goodwill gesture". (Reporting By Philip Pullella; Editing by Jon Boyle)

Sabrina

21st March 2012, 09:31

(and of course locals down there know which claims are true and which aren't in some cases) S.

http://uk.reuters.com/article/2012/03/20/uk-britain-politics-chippingnorton-idUKBRE82J0Q620120320

Wind of scandal sweeps British elite's rural haven

(Reuters) - In an idyllic corner of England, well-heeled neighbours pop over to each other's manor houses for drinks, ride horses together in the countryside and play the odd bit of tennis. A typical weekend for many members of the British upper classes.

But when the neighbours include the head of government, a powerful newspaper boss and a TV celebrity with a taste for fast cars, the whiff of scandal is unmistakable.

The small, quiet town of Chipping Norton has shot to fame since it emerged that Prime Minister David Cameron and former News International CEO Rebekah Brooks frequently socialised in the area, along with other rich and well-connected friends.

The phone-hacking scandal that led Rupert Murdoch to close the News of the World, and that cost Brooks her job at the helm of Murdoch's British newspapers, has also exposed many secrets of a group of friends now known as the "Chipping Norton set".

Nestled amid rolling fields and woods in Oxfordshire, a two-hour drive northwest of London, Chipping Norton is a typical picturesque English country town, low stone houses ranged around a broad market square lined with estate agents, pubs and grocery stores.

Local shopkeepers, bemused by the acres of newsprint devoted to the set in recent months, are happy to gossip about recent celebrity sightings at the butcher's or florist's, but mostly treat the town's newfound fame as a joke.

"I have lots of celebrity customers but unfortunately they're all getting arrested at the moment. I lost two customers last week," chuckled an antiques dealer, who did not wish to give his name lest he should offend his prized clientele.

Brooks and her husband Charlie, a racehorse trainer, were arrested at dawn on March 13 at their sprawling country home and questioned by police on suspicion of covering up evidence of illegal practices at the News of the World.

It was the latest development in an unending saga that has raised questions about the close relationships between the press and the cream of British politics.

HORSEGATE

These were epitomised by the tale of Raisa, a retired police horse loaned to Rebekah Brooks and once ridden by Cameron, as he finally admitted on March 2 after days of evading the question.

Not only did this confirm that his friendship with the disgraced Brooks went well beyond a neighbourly acquaintance, but it also conjured up the damaging vision of a prime minister enjoying elite country pursuits alien to most voters.

"I don't think I will be getting back into the saddle anytime soon," Cameron told reporters, trying to laugh it off.

But the revelation, dubbed "horsegate" by gleeful media, was the last thing Cameron needed after years of playing down his privileged background, an electoral liability at a time when his government is slashing state spending to reduce the deficit.

The wealthy son of a stockbroker, Cameron was educated at Eton, the most exclusive private school in Britain. His stylish wife, Samantha, is the daughter of a baronet.

Cameron has worked hard since he became leader of the Conservative party in 2005 to rid it of its reputation as the party of the wealthy, the hunting and fishing set. Endless newspaper articles on the gilded lives of the Chipping Norton set are unlikely to help him.

Some observers of British politics say the so-called set is only the establishment doing what it has always done.

"It's not a conspiracy. But that horse symbolises something about our society. It shows that the British establishment is still there and still has a lot of influence," said Ivor Gaber, professor of political journalism at City University in London.

He pointed out that Cameron's Labour predecessors, Tony Blair and Gordon Brown, had been equally assiduous in cultivating friendships with members of Murdoch's close circle.

"Murdoch's genius was to spot a winner, back a winner and change sides at the right time. Naturally Rebekah Brooks, his protégée, learnt that lesson," he said.

Both Brown and Cameron, then prime minister and leader of the opposition respectively, attended the 2009 elegant lakeside wedding of Rebekah and Charlie Brooks near Chipping Norton.

CAMELOT

"It's a story of continuity rather than change. Rebekah Brooks has moved effortlessly from one Camelot to another," said Catherine Mayer, Europe editor of the magazine Time, evoking the glamour of John and Jacqueline Kennedy.

"People in the public eye become friends with each other precisely because they are in the public eye. David Cameron felt safe around the Brookses. Ironically, that would have been one of the attractions," she said.

The proximity of the Cameron and Brooks country homes is a coincidence. Cameron bought a home in the secluded hamlet of Dean because it is in his parliamentary constituency of Witney, while Charlie Brooks, who also went to Eton and was friends there with Cameron's older brother, has family ties in the area.

But the intimacy between them and other members of the Chipping Norton set has astonished many Britons.

Among the talking points is a photograph of Cameron in a t-shirt chatting with TV celebrity Jeremy Clarkson as Alex James, the bassist from the band Blur, smiles in the background. It was taken at a food and music festival hosted by James last September at his Cotswolds farm, just west of Oxfordshire.

Clarkson, presenter of the BBC's motoring programme Top Gear, has a luxurious home on the outskirts of Chipping Norton, where he is credited with introducing Charlie Brooks to Rebekah.

CHRISTMAS PARTY

The TV star known for his politically incorrect outbursts is an unlikely but central member of the set. Guests at his 50th birthday party reported that Cameron made a surprise video appearance disguised as The Stig, a famous Top Gear character.

Elisabeth Murdoch, daughter of Rupert, and her husband Matthew Freud, head of an influential public relations firm, are also members of the set even though Clarkson has joked that to residents of Chipping Norton, the Freuds' multi-million-pound home in Burford, a few miles away, "is basically France".

The British media have also endlessly retold the tale of a 2010 Christmas party hosted by the Brooks and attended by Clarkson, the Camerons and James Murdoch, son of Rupert and then chairman of News International.

At the time, it was controversial because the government was considering News Corp's bid to take over the broadcaster BSkyB. Since then, the bid has been dropped, a casualty of the phone-hacking scandal.

Evidence is mounting that many of Cameron's own Conservative allies are unimpressed by the antics of the Chipping Norton set.

"It's all about lifestyle and power. Politically it's completely vacuous. It doesn't do him much credit," said one Conservative member of parliament, who did not wish to be named for fear of damaging his career prospects.

Back in quiet Chipping Norton, these debates were like the distant rumble of thunder when the sky overhead is blue.

Sakine Khosravi, owner of a boutique selling handcrafted items from Iran, spoke in glowing terms of "a lovely, tall, red-haired lady" who once came to select a rug. She learnt later that lady was Rebekah Brooks, but has never seen her again.

"I suppose people like that don't have time to go shopping like normal people," she said.

"They're too busy flying off to Milan or Paris in helicopters for coffee or breakfast," she joked.

Sabrina

21st March 2012, 09:57

http://www.realclearpolitics.com/news/ap/politics_topics/2012/Mar/21/new_zealand_cabinet_member_resigns_amid_scandal.html

March 21, 2012
New Zealand Cabinet member resigns amid scandal
Nick Perry
A top New Zealand politician resigned from his Cabinet post Wednesday amid a scandal in which he tried to help a friend who was seeking compensation for an accident.

Nick Smith said he was relinquishing his portfolios as minister for the environment, climate change and local government. Smith said he planned to remain in Parliament on the back bench, without major responsibilities.

An emotional Smith told Parliament on Wednesday that in 2010 and 2011 he had signed two inappropriate letters in the case of Bronwyn Pullar, who was trying to claim compensation after suffering a bicycle accident 10 years earlier. At the time, Smith oversaw the agency that runs the country's accident compensation scheme.

Smith said he made mistakes by not disclosing that he knew the woman in the first letter and by writing the second letter, a personal reference, on ministerial letterhead.

In the second letter, Smith described Pullar as a "long standing friend" who was a "dynamic, capable person who worked hard and achieved a lot" before her accident. He declined on Wednesday to elaborate on their relationship.

In a statement Wednesday, Prime Minister John Key said he accepted Smith's resignation with some sadness. "Dr. Smith has been a hard-working and diligent minister, but perceptions do matter and he knows he has let himself down," he said.

The Associated Press

¤=[Post Update]=¤

http://www.fujitsu.com/global/news/pr/archives/month/2012/20120321-03.html

Fujitsu Announces Executive Promotions, Appointments, and Resignations

Tokyo, March 21, 2012 — Fujitsu announced that the following executive promotions, new appointments, and resignations were approved at a Board of Directors meeting today and will take effect April 1, 2012.

Resignations:

Kazuo Ishida Corporate Senior Executive Vice President
Susumu Ishikawa Corporate Senior Vice President
Haruyuki Iida Corporate Vice President
Yuichi Sakai Corporate Vice President
Hidehiko Suzuki Corporate Vice President
Akihiko Murakami Corporate Vice President
Hideru Yamaguchi Executive Vice President
Satoru Hayashi Executive Vice President
Ryuuji Sugimoto Executive Vice President
Kenichi Itoh Executive Vice President
Aiichiro Inoue Executive Vice President

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Over 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.5 trillion yen (US$55 billion) for the fiscal year ended March 31, 2011. For more information, please see http://www.fujitsu.com

¤=[Post Update]=¤

http://www.4-traders.com/COMPAGNIE-FINANCIERE-TRAD-69557/news/COMPAGNIE-FINANCIERE-TRADITION-SA-Mr-Bournet-resigns-from-the-Board-of-Compagnie-Financiere-Tradit-14229032/

Compagnie Financiere Tradition SA : Mr Bournet resigns from the Board of Compagnie Financière Tradition SA
03/21/2012 | 03:40am
Compagnie Financière Tradition SA Press release Pierre-Yves Bournet resigns as Director
Compagnie Financière Tradition SA has reported the resignation of Mr. Pierre-Yves Bournet as a

Director on March 16, 2012.

With a presence in 27 countries, Compagnie Financière Tradition is a leading interdealer broker (IDB) in the international market. The Group provides broking services for a complete range of financial products (money market products, bonds, interest rate, currency and credit derivatives, equities, equity derivatives, interest rate futures and index futures) and non-financial products (energy and environmental products, and precious metals).

Compagnie Financière Tradition is listed on the SIX Swiss Exchange (CFT). For more information on our

Group, please visit our website at www.tradition.com.

Lausanne, 21 March 2012

¤=[Post Update]=¤

Not gone, but more corruption oozing out...

http://af.reuters.com/article/metalsNews/idAFL3E8EL3W220120321

Olympics-South Korea delegation head offers to resign

EOUL, March 21 (Reuters) - The head of South Korea's delegation to the London Olympics has offered to resign after he was placed under investigation by prosecutors over his business deals, the country's Olympic committee said on Wednesday.

Yu Kyung-sun, the chairman of local business group Eugene Corporation, offered to resign on Monday after a probe into allegations of embezzlement and tax invasion by senior executives at retailer Hi-Mart Co Ltd, in which Eugene Corp is a major shareholder.

"The resignation has not been accepted yet," a spokesman at the South Korean Olympic committee said.

Yu, 56, visited London as leader of the delegation earlier this month, according to local media. He has also been acting as an organising member of the 2014 Incheon Asian Games and 2018 Pyeongchang Winter Olympics. (Reporting By Jin Kyu Kang; Editing by Peter Rutherford; peter.rutherford@thomsonreuters.com; +65 6870 3817 Reuters; Messaging: peter.rutherford.reuters.com@reuters.net; Please double-click on the newslink:; for more Olympic stories)

Sabrina

21st March 2012, 10:05

http://www.klpos.com/foreign-news/3119-guatemalan-finance-minister-resigns

GUATEMALA CITY, March 21 -- Guatemalan Finance Minister Pavel Centeno has resigned, claiming he was subject to political manipulation to disrupt the legislative work.

He tendered his resignation on Tuesday, leaving the session of Congress where questions had been raised since Feb 16.

Speaking to reporters at the exit of the Legislative Palace, Centeno said: "A minister cannot be challenged within 15 days of assuming office. It is a waste of time and I came here to perform technical work, not political. This congress doesn't make any sense."

Centeno, who is challenged in Congress by the opposition bloc of the Libertad Democratica Renovada party, said: "It's a party that lost the elections and wants the process stalled. I'm not going to allow the state to have its time wasted. There is much to legislate and therefore I decided to resign."

"We have a number of pending legislation to be reviewed and approved, and they want to use me to block the work and especially the role of the central government", Centeno stressed, cited by Guatemalan News Agency (AGN).

The current administration of President Otto Perez Molina took office on Jan 14.

Centeno's resignation as Minister of Finance is the first casualty in his cabinet.

--BERNAMA-NNN-AGENCIES

Sabrina

21st March 2012, 10:10

http://www.nbc33tv.com/news/national-news/former-assistant-united-states-attorney-salvador-perricone-resigns-from-the-us-at
21 March
Former Assistant United States Attorney Salvador Perricone resigns from the U.S. Attorney's Office

NEW ORLEANS, LA — United States Attorney Jim Letten announced today that he has accepted the resignation of Assistant United States Attorney Salvador Perricone. Perricone submitted his resignation, retiring from the United States Attorney Office for the Eastern District of Louisiana effective close of business on March 19, 2012.

Former Assistant United States Attorney Perricone’s departure does not at all preclude the continuation of the investigation we requested by the Office of Professional Responsibility.

Speaking to this development, United States Attorney Letten stated:

"In the immediate wake of former AUSA Perricone’s departure, our partners in government and law enforcement and the citizens we serve must know that absolutely none of the comments, criticisms, or characterizations made were in any way reflective of my views or opinions – or those of the Department or this office or our people. To the contrary, we resoundingly reject the caustic criticisms and sentiments expressed in these message.

Sabrina

21st March 2012, 10:19

Perhaps we/they/everyone should draw up a 'they should resign' list.... it might be pretty long... S

Occupy protesters want New York police chief out
By AFP
Published Wednesday, March 21, 2012
About 50 Occupy Wall Street protesters marched in New York on Tuesday to demand the resignation of the city's police chief after a slew of arrests.

Several of the demonstrators knelt down, their mouths covered with tape and their hands tied behind their back in front of the headquarters of the New York Police Department in southern Manhattan.

NYPD chief Raymond "Kelly must resign," read a banner before the procession.

New York police arrested dozens of protesters at the weekend at Zuccotti Park in Manhattan's financial district, where about 600 activists had gathered to celebrate the six-month anniversary of the Occupy movement by massing on the square.

OWS said there were 90 arrests and five people were hospitalized after the police action. Many of those arrested were still held on Tuesday.

Sabrina

21st March 2012, 17:43

From the Facebook Global Resignations site today:

Worldwide resignations and arrests on March 20/19 (direct link to The List: http://tinyurl.com/7fdhsxz )

- (Italy) Police arrests 16 judges in mafia swoop alongside 31 others and finds $1.3 Billion

- (US) Co-head of distressed debt at Bank of America resigns

- (US) Former state senator resigns from board at Penseco Financial Services Corp.

- (US) Acquisition chief quits Lone Star (investment)

- (Nigeria) Chairman of House Committee on Capital Markets resigns due to allegations of bribery

- (Asia) Head of Deutsche Bank Asia-Pac quits

- (US) President and CEO of the ISU Foundation (fund) to step down

- (Brazil) HSBC Brazil CEO steps down

- (US) Federal Prosecutor resigns as Assistant United States Attorney amid scandal

- (Pakistan) Pakistan People's Party leader resigns from senate seat

- (NL) Prominent MP quits far-right Dutch party

- (US) Exec director of Rhode Island Republican Party resigns

- (US) Alpha Natural Resources (coal) chairman to step down

- (US) American Campus (ACC) board member resigns

- (Germany) CEO of Metro Group's Real to step down

- (US) President and COO of media sales at Cablevision resigns

- (AUS) Eureka Energy (oil & gas) managing director resigns

- South Korean Chef de Mission (Olympic Games) resigns because of corruption scandal

- (Southern Africa) Finance director at Strategic Natural Resources (mining) resigns

- (USA) Indianapolis Intl. Airport's CEO resigns amid spending controversy

- (Canada) Canada-based Guyana Goldfields Inc. (mining) COO resigns

Sabrina

21st March 2012, 17:46

via Bankster Spotting on Facebook

LONDON, March 16 (IFR) - Noel Williams, a director on RBC Capital Market's sovereign, supranational and agencies (SSA) syndicate desk, resigned from his position on Thursday after working at the Canadian bank for around 10 years, a source familiar with the situation said.

The source did not reveal the reason for the resignation, or whether Williams was taking up a similar role at another bank.

Sabrina

21st March 2012, 18:08

http://www.activistpost.com/2012/03/worldwide-banking-resignations-triple.html

Tuesday, March 20, 2012
Worldwide Banking Resignations Triple According to Revised Numbers: Why Now?

Brandon Turbeville
Activist Post

On March 6, 2012, I wrote an article entitled “Mass Banking Resignations Signal A Purging Has Begun?” where I included a list of banking directors, CEOs, and board members of both national and international financial institutions standing who have resigned from their post since September 2011. The data was collected and compiled by independent blog American Kabuki and posted online complete with a description of the individual, location, and link to the resignation announcement where it was covered in the mainstream media.

At the time my article was posted, the list had already topped 122. This prompted many, including myself, to question whether or not 122 was actually such a large number, given that there are many national and international institutions across the globe, as well as the fact that these resignations took place within a span of a period of about five months.

Certainly, the number seemed enormous.

Apparently American Kabuki had the same questions. Only a few weeks after the initial posting, the blogger posted a chart that included the number of resignations filed with the SEC, as required by the Securities Exchange Act of 1934, going back to 2008 and in to the fourth quarter of 2011. Tracing the resignations back to 2008 would, obviously, provide something close to a representative sample of the normal rate of resignation over a period of three years.

What these statistics revealed was a staggering increase in the number of resignations announced around the second and third quarters of 2011.

I included this chart, along with some commentary, in my article “Why Are Bankers Jumping Ship In Record Numbers, Financial Collapse Imminent?” Please see this article in order to understand the specifics of the statistics presented by American Kabuki’s research. Or, view American Kabuki’s own presentation here.

However, chart or no chart, the recently revised number regarding resignations from financial firms, banks, etc. seems to put many of the questions to rest.

Indeed, a recent post by American Kabuki now shows that the number of resignations stand at 358, almost triple the number originally posted.

The revised list of resignations will be included at the end of this article along with the links to the announcements.

With all of this in mind, and, if the research provided by American Kabuki is correct, then the only question really left for us to ask is “Why?”

Why are so many bankers, CEOs, fund managers, and investors resigning all at once? Why now?

One might be tempted to ask whether or not there is a coming investigation that these individuals are trying to avoid but, given the track record of the regulatory system, this is not our most likely option. Considering the current state of the economy, it might seem more logical to ask if these individuals are not trying to abandon ship before the collapse of the world financial system finally takes place.

Or it could be something entirely different. At this point, we simply do not know. Regardless, something big is obviously happening in the financial world and the forces behind it are acting on information that the general public is unaware of.

Sabrina

21st March 2012, 18:12

Two resignations for Deutsche
Frankfurt
http://www.securitieslendingtimes.com/securitieslendingnews/article.php?article_id=218024

21 March 2012
Deutsche Bank has lost two members of its group executive committee after rumours over the direction of the asset management business.

Asset management head Kevin Parker will step down from his role as a member of the bank’s committee this spring. The change will come into effect on May 31, the date of Deutsche’s annual general meeting.

Sabrina

21st March 2012, 18:17

http://www.americanbanker.com/people/bofa-mortgage-traders-resignations-john-mcniff-1047722-1.html
21 March
JPMorgan Chase & Co. (JPM) and Bank of America Corp., the two biggest U.S. banks, are cutting senior mortgage traders and salesmen amid a decline in the asset-backed securities market, people with knowledge of the moves said.

Raphael Gonzalez, JPMorgan's co-head of trading in subprime mortgages, and John Angelica, a securitized-products salesman, resigned from the New York-based bank within the past four weeks in exchange for severance packages that included all of their deferred stock awards, said the people, who declined to be identified because the terms are private. Roy Kim, who traded adjustable-rate mortgages, left on his own accord with a similar exit deal, the people said.

JPMorgan and Bank of America, based in Charlotte, North Carolina, are re-evaluating staffing on mortgage-trading desks amid pressure to cut expenses and stricter capital requirements tied to the assets. Some employees were offered severance packages allowing them to keep millions of dollars of deferred stock that otherwise may have been forfeited, the people said.

"When you start doing something like this, you're making a forward statement about the mortgage-backed security market — they are saying it isn't going to be as active," said Brad Hintz, an analyst covering banks at Sanford C. Bernstein & Co. in New York. "Firms are right-sizing for the fixed-income market of the future. We'll probably be seeing this in a lot of other Wall Street businesses as the regulations become clear."

Trading in securitized products at the 10 biggest global investment banks dropped to roughly $10 billion last year from about $17.5 billion in 2010, according to data from consultant Coalition Ltd.

Mortgage Bonds

The three JPMorgan executives left amid involuntary reductions in the past four weeks in the bank's securitized- products division, which trades and sells mortgage bonds, derivatives and other asset-backed securities, according to two of the people with knowledge of the matter. Jennifer Zuccarelli, a JPMorgan spokeswoman, said she couldn't comment on the departures, as did Gonzalez and Angelica. Contact information for Kim couldn't immediately be located.

The bank also dismissed about 5 percent of its equities traders and salesmen in New York yesterday and cut about 100 employees in its treasury and securities services division in January, according to three different people with knowledge of those moves.

Bank of America eliminated at least half a dozen traders and salesmen in its mortgage unit this week. John McNiff, a managing director who served as co-head of commercial mortgage securities trading, resigned, said people with knowledge of the moves.

Jackier, Eck

Managing directors Seth Jackier in mortgage sales and John Eck in asset-backed trading also opted to leave Bank of America, said the people. Michael Case, a director in commercial mortgage security banking, and salesmen John Livingstone and Michael L. Miller also departed, one of the people said.

"Areas like this that didn't come back as expected are the ones that companies are now evaluating," said Jeanne Branthover, managing director at Boyden Global Executive Search Ltd. in New York. "This isn't necessarily bad news" for people who may have been considering moving to other firms, she said.

Some Bank of America employees volunteered to resign in exchange for a so-called garden leave, a period of about 90 days in which they receive full salary and benefits while staying at home, as well as severance packages, the people said.

The bank also is cutting outside the U.S., dismissing almost a dozen workers at its Canadian capital-markets business as part of a global staff reduction, one person said. The move leaves the bank with almost 500 people at offices in Toronto, Montreal, Vancouver and Calgary, the person said.

Moynihan's Plan

Wall Street firms are firing staff and reducing pay as revenue wanes from trading and underwriting. More cuts are coming at Bank of America as part of Chief Executive Officer Brian T. Moynihan's efficiency plan, which may target as much as $8 billion in total annual savings. Moynihan, 52, already announced as many as 30,000 job cuts in retail banking and technology.

Bank of America lost market share last year to rivals including New York-based Morgan Stanley (MS) in the trading of equities, bonds, currencies and commodities, Matthew O'Connor, an analyst at Deutsche Bank AG, said in a Jan. 19 research note

Sabrina

21st March 2012, 18:26

http://www.baltic-course.com/eng/transport/?doc=54902

airBaltic board member and Chief Operations Officer Laila Odina, who was considered for the airline's CEO last fall, has handed in her resignation, the Pietiek.com portal reports.

According to Pietiek.com, no replacement has been found for Odina yet and her sudden resignation has shocked the airline. She will be replaced by correspondingly qualified specialist sought among the airline's employees

Quite a few airline resignations, as well as mining ones... S

¤=[Post Update]=¤

SGX: Accepts Lehman Brothers Pte Ltd's Resignation.
21 Mar 2012 17:39

Singapore Exchange has accepted the resignation of Lehman Brothers Pte Ltd as a Member of Singapore Exchange Derivatives Trading Limited, Singapore Exchange Derivatives Clearing Limited, Singapore Exchange Securities Trading Limited and The Central Depository Pte Ltd. LBPL does not have any outstanding financial obligations owing to SGX-DC and the CDP. LBPL ceases to be a Member of SGX-DT, SGX-DC, SGX-ST and the CDP with effect from 21 March 2012

Sabrina

21st March 2012, 20:41

http://www.reuters.com/article/2012/03/21/us-chevron-spill-idUSBRE82K0PL20120321
21 March

(Reuters) - A Brazilian federal prosecutor filed criminal charges on Wednesday against Chevron and drill-rig operator Transocean for a November oil spill, raising the stakes in a legal saga that is adding to Chevron's woes in Latin America and threatens to slow Brazil's offshore oil boom.

Prosecutor Eduardo Santos de Oliveira also filed criminal charges against 17 key executives and employees at Chevron and Transocean, owner of the world's largest oil rig fleet. Among the defendants is George Buck, 46, a U.S. national in charge of Chevron's operations in Brazil, the prosecutor's office said in a statement.

"The spilling of oil affected the entire maritime ecosystem, possibly pushing some species to extinction, and caused impacts on economic activity in the region," Santos de Oliveira, federal prosecutor in Campos de Goytacazes, Brazil, said in his filing. "The employees of Chevron and Transocean caused a contamination time bomb of prolonged effect."

Sabrina

22nd March 2012, 07:33

http://www.guardian.co.uk/media/2012/mar/21/rebekah-brooks-questioned-by-police
21 March UK
Rebekah Brooks questioned by police

The former News International chief executive attended Milton Keynes police station to answer police bail dating back to her arrest in July of last year

Rebekah Brooks, the former News International chief executive, has been questioned at Milton Keynes police station by police officers investigating alleged phone hacking at the News of the World and alleged corrupt payments made to public officials.

Rupert Murdoch's long time confidante was answering police bail dating back to her arrest in July of last year, when she was held on suspicion of conspiring to intercept communications and on suspicion of corruption allegations by officers from the Metropolitan police's Operation Weeting and Operation Elveden inquiries respectively.

Sabrina

22nd March 2012, 07:39

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9159547/McDonalds-chief-Jim-Skinner-to-quit.html

McDonald's chief Jim Skinner to quit
McDonald's chief executive Jim Skinner is quitting after almost a decade at the top of the world's largest fast food chain.
22 MARCH

The 67-year old will step down in June and be replaced by Don Thompson, currently chief operating officer and a company veteran.
Mr Skinner, who has been at the top of McDonald's since 2004, has been credited with reinvigorating the chain by expanding its menu and revamping many of its restaurants.

¤=[Post Update]=¤

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9158530/US-grip-on-World-Bank-challenged.html
22 MARCH
US grip on World Bank challenged
America's traditional grip on the presidency of the World Bank is expected to be challenged for the first time with the nominations for the post from Nigeria and Colombia.

The Nigerian finance minister, Ngozi Okonjo-Iweala, and former Colombian finance minister, Jose Antonio Ocampo, are reportedly being put forward to replace Robert Zoellick who is retiring.
Ever since the World Bank was established at the Bretton Woods conference after the Second World War, an American has always led it. The understanding also upholds the traditional that a European always heads the International Monetary Fund, created in the wake of the same conference.

Leaders of developing economies have called for a break in the tradition but have so far failed to get enough support from other countries.

Sources told Reuters that Mr Okonjo-Iweala and Mr Ocampo have gathered support from key countries such as South Africa and Brazil.
Mr Okonjo-Iweala was managing director of the World Bank until last year when he left to become Nigeria's finance minister. Mr Ocampo was the former under-secretary for economic and social affairs at the United Nations (UN).

Domenico Lombardi, a former World Bank board official now at the Brookings Institution in Washington, told Reuters: "The impressive credentials of both Ocampo and Okonjo-Iweala puts tremendous pressure on the White House to come up with a candidate of at least equivalent standing." He added: "This signals a big shift and really reflects a game change. This is the first time in history we have a truly contested election."

Washington is expected to announce its nominations as early as Friday. America is said to be keen to back a female candidate. The 25 members of the World Bank are expected to decide on the next president over the next month

Sabrina

22nd March 2012, 07:47

LATEST FROM GLOBAL RESIGNATIONS FACEBOOK SITE:

BANKING AND FINANCE
Week 12 {so far}: 19 resignations)

3/21/12 (GERMANY) Co-head Wolfgang Hammes of European financial-institution investment banking at Deutsche Bank AG (DBK) leaves
http://tinyurl.com/74ks8jk

3/21/12 (UK) Aviva Investor’s European equity head John Botham exits
http://tinyurl.com/7qwlc26

3/21/12 (CANADA) National Bank’s Ontaria, Atlantic region manager Mike Miller leaves
http://tinyurl.com/7kq4bdp

3/21/12 (UK) Royal Bank of Scotland Group’s global head of equity prime services Gregory Wagner resigns
http://tinyurl.com/6vz8f8k

3/21/12 (USA) Chief information officer Eric Dean resigns from Liquidity Services Inc.
http://tinyurl.com/7v2c4ku

3/20/12 (KUWAIT) National Investments Co. chairman Yousef Al Majid resigns
http://tinyurl.com/7maw3xx

3/20/12 (USA) Co-head of distressed debt at Bank of America Michael Guy resigns
http://tinyurl.com/75eml6v

3/20/12 (USA) Former state senator Robert J. Mellow resigns from board at Penseco Financial Services Corp.
http://tinyurl.com/6rxqeo9

3/20/12 (USA) Acquisition chief Dan Magder quits Lone Star (investment) to pursue other opportunities
http://tinyurl.com/6qm2rj4

3/20/12 (NIGERIA) Chairman of House Committee on Capital Markets Hon. Herman Hembe resigns due to allegations of bribery
http://tinyurl.com/7r6dk54

3/20/12 (ASIA) Head of Deutsche Bank Asia-Pac Loh Boon Chye quits
http://tinyurl.com/6muckmq

3/19/12 (USA) President and CEO of the ISU Foundation (fund) Dan Saftig to step down
http://tinyurl.com/7jvb24x

3/19/12 (BRAZIL) HSBC Brazil CEO Conrado Engel steps down
http://tinyurl.com/89uayoo

3/19/12 (MIDDLE EAST) Finance head at SNR Denton Islamic Sheikh Muddassir Siddiqui resigns to pursue advisory role
http://tinyurl.com/84avxch

3/19/12 (SWITZERLAND) Julius Baer bank’s chairman Raymond Baer steps down in a “surprise departure”
http://tinyurl.com/84gcl3z

3/19/12 (HONG KONG) China Development Bank HK branch CEO Di Weiping retires
http://tinyurl.com/7xcskmp

3/19/12 (USA) SunTrust Bank president and CEO Thomas Rueger to retire
http://tinyurl.com/7n2l6sr

3/19/12 (SWEDEN) AP6 (private equity) CEO Marianne Dicander Alexandersson steps down
http://tinyurl.com/7bnvygp

3/19/12 (SWITZERLAND) Vice-chair of FINMA (Swiss Financial Market Supervisory Authority) Monica Mächler to step down
http://tinyurl.com/7r9akho

GOVERNMENTS
Week 12 {so far}: 12 resignations)

3/21/12 (NEW ZEALAND) Local Government Minister Nick Smith resigns after allegations
http://tinyurl.com/7k8oh5p

3/21/12 (USA) South Caroline Rep. Thad Viers resigns from House of Representatives, ahead of indictment
http://tinyurl.com/7wleyr4

3/21/12 (CZECH REP) Education Minister Josef Dobes resigns (over budget cut refusal)
http://tinyurl.com/74dg8k6

3/21/12 (USA) State Rep. David Hawk resigns as chair of the House Conservation and Environment Committee, following arrest
http://tinyurl.com/7qtaomk

3/21/12 (GUATEMALA) Finance Minister Pavel Centeno resigns
http://tinyurl.com/6uq38an

3/20/12 (USA) Federal Prosecutor Salvador Perricone resigns as Assistant United States Attorney amid scandal
http://tinyurl.com/6ulgejx

3/20/12 (PAKISTAN) Pakistan People’s Party (PPP) leader Lashkari Raisani resigns from senate seat
http://tinyurl.com/6rua8ru

3/20/12 (NETHERLANDS) Prominent MP Hero Brinkman quits far-right Dutch party
http://tinyurl.com/7m6axxt

3/20/12 (USA) Exec director of Rhode Island Republican Party Patrick Sweeney resigns
http://tinyurl.com/6r26vao

3/19/12 (MALAYSIA) Former Information Minister Tan Sri Abdul Kadir Sheikh Fadzir resigns from Umno (largest politcal party in Malaysia), also resigns from other post
http://tinyurl.com/83dpzb4

3/19/12 (ARMENIA) Secretary of opposition party Karine Hakobyan quits
http://tinyurl.com/872g9go

3/19/12 (USA) Democratic state Rep. Mike McDonald to retire
http://tinyurl.com/89dfk7a

COMPANIES AND BUSINESS

Week 12 {so far}: 27 resignations)

3/21/12 (UAE) Chief executive Richard Bowker of multi-billion dollar railway developer Etihad Rail, resigns
http://tinyurl.com/8ayupjd

3/21/12 (ASIA) Managing director and deputy chairperson of Television Broadcasts Ltd. (TVB) Mona Fong steps down
http://tinyurl.com/6rm2wrm

3/21/12 (CHINA) 3SBio (pharmaceuticals) chairman Dan Lou to retire
http://tinyurl.com/6nv67zf

3/21/12 (CANADA) President of Volvo Penta Canada Chris Goulder steps down
http://tinyurl.com/6rnlysw

3/21/12 (KENYA) Telkom Kenya (telecom) deputy CEO Jane Karuku leaves
http://tinyurl.com/83tbghm

3/21/12 (USA) Dr. Thomas Cantwell to retire from board of Miranda Technologies Inc.
http://tinyurl.com/784kak5

3/21/12 (CHINA) China Mobile Ltd. chairman Wang Jianzhou retires
http://tinyurl.com/78khhen

3/21/12 (CANADA) Mountain Lake (gold exploration) CEO Gary Woods resigns, accused of stock manipulation
http://tinyurl.com/7s92nne

3/20/12 (USA) Alpha Natural Resources (coal) chairman Michael Quillen to step down
http://tinyurl.com/7q6jptq

3/20/12 (USA) American Campus (ACC) board member Joseph Macchione resigns
http://tinyurl.com/85vyx6n

3/20/12 (GERMANY) CEO of Metro Group’s Real hypermarkets chain Joël Saveuse to step down
http://tinyurl.com/79689le

3/20/12 (USA) President and COO of media sales at Cablevision David Kline resigns
http://tinyurl.com/7erc9ra

3/20/12 (USA) Maine State Housing Authority exec director Dale McCormick resigns
http://tinyurl.com/7jayyoc

3/20/12 (AUSTRALIA) Eureka Energy (oil & gas) managing director Peter Mills resigns
http://tinyurl.com/8xo87o3

3/20/12 (SOUTH KOREA) South Korean Chef de Mission (Olympic Games) Yu Kyung-sun resigns because of corruption scandal
http://tinyurl.com/6vkvrad

3/20/12 (SOUTHERN AFRICA) Finance director at Strategic Natural Resources Edward Cox resigns
http://tinyurl.com/85qbtwr

3/19/12 (USA) Indianapolis Intl. Airport’s CEO John Clark resigns amid spending controversy
http://tinyurl.com/7cyv3yj

3/19/12 (USA) IXIA (data/networking) CEO Atul Bhatnagar to resign
http://tinyurl.com/7ahal63

3/19/12 (CANADA) Canada-based Guyana Goldfields Inc. (mining) president and COO Claude Lemasson resigns
http://tinyurl.com/7o55y7p

3/19/12 (UK) BBC director-general Mark Thompson to step down later this year
http://tinyurl.com/7h9kqpa

3/19/12 (USA) Ford corporate secretary Peter Sherry to retire
http://tinyurl.com/88oqom2

3/19/12 (USA) Co-founder of cable network C-SPAN Brian Lamb steps down after 34 years
http://tinyurl.com/86wtbhb

3/19/12 (NETHERLANDS) CFO of NXP Semiconductors Karl-Henrik Sundström to resign
http://tinyurl.com/7yuhtxu

3/19/12 (POLAND) CCO of Netia (telecom) Grzegorz Esz resigns from board
http://tinyurl.com/7gmrn3g

3/19/12 (BOTSWANA) Director Andre Fourie of Botswana Diamonds (mining) steps down
http://tinyurl.com/7lpl5kf

3/19/12 (USA) VP and group publishing director of American Media Inc. (media group) Diane Newman resigns
http://tinyurl.com/6tvagsq

3/19/12 (USA) Co-CEO of Jacada Ltd. (software/data) Tom Clear resigns
http://tinyurl.com/89jg5af

Sabrina

22nd March 2012, 07:57

Sabrina

22nd March 2012, 08:10

Not resigning, but shutting down - a sign of the times...

March 20 (Bloomberg) -- Royal Bank of Scotland Group Plc, Britain's biggest state-owned lender, will shut some operations in South Korea, Indonesia and Singapore after failing to find a buyer for the businesses.
20 March

The U.K. lender will today begin closing the cash equities, equity capital markets and corporate finance units in Korea, as well as the cash equities operations in Indonesia and Singapore, Yuk Min Hui, a spokeswoman for RBS in Hong Kong, said in an e- mailed response to queries. About 70 people will be affected.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/03/20/bloomberg_articlesM1646H6TTDS001-M16H1.DTL#ixzz1ppassNsF

Sabrina

22nd March 2012, 08:31

VARIOUS MINING RESIGNATIONS (some info. already posted by putting them together).

PRESS RELEASES 3/15/2012 6:05:07 AM | Marketwire News
Moly Mines Reports Resignation

March 15, 2012 - 06:05:07 AM
TORONTO, ONTARIO--(Marketwire - March 15, 2012) - Moly Mines Limited (ASX:MOL)(TSX:MOL) The Board of Moly Mines advises that Dr Derek Fisher has resigned as the Company's Managing Director and Chief Executive Officer.

On behalf of all shareholders, the Board thanks Derek for his contribution and dedicated service to the Company since its incorporation in 2003. Derek leaves the Company with a profitable iron ore mine, a strong management team and cash reserves. The Board wishes him the best in his future endeavors.

The Company advises the appointment of the Company's Chief Operating Officer Mr Collis Thorp as acting Chief Executive Officer. The Board will conduct an executive search for a new Chief Executive Officer to continue the success of the Spinifex Ridge Iron Ore Mine and expand the Company's mining interests. ........(so no new CEO in place - S).

and

High River Gold : Announces Resignation of Chief Executive Officer
03/06/2012 | 10:59am
TORONTO, ONTARIO--(Marketwire - March 5, 2012) - High River Gold Mines Ltd. ("High River" or the "Company") (TSX:HRG) announces the resignation of Konstantin Sobolevskiy as a Chief Executive Officer of the Company effective March 5, 2012. The Company's Board of Directors will be meeting to appoint a new Chief Executive Officer. The Company wishes to thank Mr. Sobolevskiy for his service.

and

http://thestockvine.com/northcore-resources-terminates-option-on-j6l1-rare-earth-property-and-director-resignation

Northcore Resources Terminates Option on J6L1 Rare Earth Property and Director Resignation (Gordon Henriksen - Director)

and
20 March

http://www.kaieteurnewsonline.com/2012/03/20/top-exec-resigns-from-aurora-gold-project/

Claude Lemasson has resigned as President and Chief Operating Officer (“COO”) of the Guyana Goldfield Inc. (GGI) with effect from April 9th, a statement from the company said yesterday.

Lemasson was a public face of the Canadian company which announced last year that it was building Guyana’s largest goldmine facility in the coming years. It will also be building the country’s first underground mine.

and
Irish Times - 14 March

Boardroom clash leads to Rusal resignation
in a dispute between two of its wealthy Russian owners over whether the firm should focus solely on the lightweight metal or also keep a foothold in other mining ventures.

Viktor Vekselberg resigned by sending an open letter to the board criticising the company’s management, which is controlled by another Russian industrialist, Oleg Deripaska.

Earth Angel

22nd March 2012, 14:00

not a banker but equally responsible for destroying the people.......CEO of McDonalds retires earlier than expected
http://finance.yahoo.com/news/mcdonalds-ceo-jim-skinner-retire-003025275.html

Pagan

22nd March 2012, 14:22

http://truththeory.com/2012/03/21/worldwide-banking-resignations-triple-according-to-revised-numbers-why-now/

modwiz

22nd March 2012, 14:28

HONG KONG, March 22 | Thu Mar 22, 2012 12:18pm IST

(Reuters) - Deloitte Touche Tohmatsu confirmed on Thursday that it has resigned as auditor for Daqing Dairy Holdings Ltd, its second resignation from a Hong Kong-listed Chinese company in recent days.

The decision comes a week after Deloitte resigned as auditor of childrens wear maker Boshiwa International Holdings .

and Reuters Canada:

The news has sparked fears this could be the start of a much wider and deep-rooted problem at Chinese companies listed in Hong Kong, after a series of scandals at U.S.-listed mainland companies last year that has unnerved some of the big auditors.

"We see a trend there, and it may spread ahead of the earnings seasons as auditors are taking quite a cautious approach on reviewing those earnings, in particular under pressure from relevant regulators," said Linus Yip, chief strategist at First Shanghai Securities. "It alarms the market ... and alerts investors to the potential risk of investing in these

In China the kind of criminality that is called business in the Anglo-American-Israeli world is usually solved with a bullet to the back of the skull. As harsh as it seems, the parasitic businessmen and women of the Western world, and those who follow their model, would be deterred by nothing less than real prison time. Depending on the money involved, the Chinese method might prove superior. These banksters and the corporate CEO ilk are predators, plain and simple. These aren't wolves taking some livestock here and there, these are rapacious psychopathic predators that will take whole herds and leave us to fight over the cow pies.

Let us hope there is real change happening under the surface and these resignations are the ripples of that stirring.

Sabrina

22nd March 2012, 18:06

http://www.businessweek.com/news/2012-03-21/bofa-s-mcniff-said-to-resign-from-mortgage-trading-unit
Bloomsberg News 21 March

JPMorgan Joins BofA in Cutting Senior Mortgage Traders

JPMorgan Chase & Co. (JPM) and Bank of America Corp., the two biggest U.S. banks, are cutting senior mortgage traders and salesmen amid a decline in the asset-backed securities market, people with knowledge of the moves said.

Raphael Gonzalez, JPMorgan’s co-head of trading in subprime mortgages, and John Angelica, a securitized-products salesman, resigned from the New York-based bank within the past four weeks in exchange for severance packages that included all their deferred stock awards, said the people, who declined to be identified because the terms are private. Roy Kim, who traded adjustable-rate mortgages, left on his own accord with a similar exit deal, the people said.

JPMorgan and Bank of America, based in Charlotte, North Carolina, are re-evaluating staffing on mortgage-trading desks amid pressure to cut expenses and stricter capital requirements tied to the assets. Some employees were offered severance packages allowing them to keep millions of dollars of deferred stock that otherwise may have been forfeited, the people said.

“When you start doing something like this, you’re making a forward statement about the mortgage-backed security market -- they are saying it isn’t going to be as active,” said Brad Hintz, an analyst covering banks at Sanford C. Bernstein & Co. in New York. “Firms are right-sizing for the fixed-income market of the future. We’ll probably be seeing this in a lot of other Wall Street businesses as the regulations become clear.”

Trading Decline
Trading revenue from securitized products at the 10 biggest global investment banks dropped to roughly $10 billion last year from about $17.5 billion in 2010, according to data from consultant Coalition Ltd.

The three JPMorgan executives left amid involuntary reductions in the past four weeks in the bank’s securitized- products division, which trades and sells mortgage bonds, derivatives and other asset-backed securities, according to two of the people with knowledge of the matter. Jennifer Zuccarelli, a JPMorgan spokeswoman, said she couldn’t comment on the departures, as did Gonzalez and Angelica. Contact information for Kim couldn’t immediately be located.

The bank also dismissed about 5 percent of its equities traders and salesmen yesterday and cut about 100 employees in its treasury and securities services unit in January, according to three people with knowledge of those moves. Andy Taylor, the bank’s head of commercial mortgage bond trading, was shifted to run the loan-trading book. Justin Perras, a company spokesman, confirmed Taylor’s move.

Bank of America eliminated at least half a dozen mortgage traders and salesmen this week. That included John McNiff, a managing director who served as co-head of commercial mortgage securities trading, said people with knowledge of the moves.

Jackier, Eck
Managing directors Seth Jackier in mortgage sales and John Eck in asset-backed trading also opted to leave Bank of America, said the people. Michael Case, a director in commercial mortgage security banking, and salesmen John Livingstone and Michael L. Miller also departed, one of the people said.

Some Bank of America employees volunteered to resign in exchange for a so-called garden leave, a period of 90 days in which they receive full salary and benefits while staying at home, and severance packages including stock, the people said.

¤=[Post Update]=¤

via Bankster Spotting/Facebook

Bank of America Corp.’s John McNiff, a managing director who served as co-head of trading in commercial mortgage securities, resigned yesterday amid the latest staff cuts, said two people with knowledge of the move.

Managing directors Seth Jackier in mortgage sales and John Eck in asset-based trading also are leaving the Charlotte, North Carolina-based company, said the people, who asked for anonymity because the departures are private. Michael Case, a director in commercial mortgage security banking, and salesmen John Livingstone and Michael L. Miller also departed this week, one of the people said.

Bank of America told employees yesterday about cuts in global banking and markets as Chief Executive Officer Brian T. Moynihan adjusts to lower revenue. While most reductions were in equities, the company also culled personnel in fixed income, one person said. Departures included Steven Milunovich, the veteran stock analyst, people with knowledge of the matter have said.

¤=[Post Update]=¤

http://citizensvoice.com/mellow-resigns-from-bank-board-1.1288421#ixzz1prpHEJu6
21 March

Former state senator Robert J. Mellow has resigned from the board of directors of Penseco Financial Services Corp., parent company of Penn Security Bank & Trust, one the region's largest community banks.

According a document filed with the Securities & Exchange Commission on Tuesday, Mellow, 69, resigned from the Scranton-headquartered bank effective March 15.

A longtime legislator, Mellow was charged last week by U.S. attorney's office with conspiring to commit mail fraud by using Senate resources and public-paid staff members to perform political fundraising and campaign work between 2006 and 2010 and conspiring to file a false federal income tax return for 2008.

¤=[Post Update]=¤

Via Bankster Spotting/Facebook

Bank of America Corp.’s John McNiff, a managing director who served as co-head of trading in commercial mortgage securities, resigned yesterday amid the latest staff cuts, said two people with knowledge of the move.

Managing directors Seth Jackier in mortgage sales and John Eck in asset-based trading also are leaving the Charlotte, North Carolina-based company, said the people, who asked for anonymity because the departures are private. Michael Case, a director in commercial mortgage security banking, and salesmen John Livingstone and Michael L. Miller also departed this week, one of the people said.

Bank of America told employees yesterday about cuts in global banking and markets as Chief Executive Officer Brian T. Moynihan adjusts to lower revenue. While most reductions were in equities, the company also culled personnel in fixed income, one person said. Departures included Steven Milunovich, the veteran stock analyst, people with knowledge of the matter have said.

Sabrina

23rd March 2012, 09:11

The World's Largest Banks 2012
by Bankster Spotting on Thursday, March 22, 2012

The list below shows the largest banks in the world based on market capitalization as of January 20, 2012. Industrial & Commercial Bank of China (ICBC) is the largest bank in the world by market capitalization value. Chinese banks occupy the top positions. The People’s Republic now has 4 of the top 7 banks, including the top 2.

Rank
Bank
Country
Market cap ($b, 20/1/2012)

1. Industrial & Commercial Bank of China (ICBC) China = 240.95
2. China Construction Bank, China = 195.85
3. Wells Fargo & Co, US = 160.72
4. HSBC Holdings, UK = 150.90
5. Agricultural Bank of China, China = 141.73
6. JP Morgan Chase, US = 140.95
7. Bank of China. China = 128.80
8. Itau Unibanco, Brazil = 88.17
9. Citigroup, US = 86.67
10. Commonwealth, Australia = 82.62
11. Royal Bank Canada, Canada = 76.56
12. Bank of America, US = 71.77
13. Toronto-Dominion Bank, Canada = 70.53
14. Banco Santander, Spain = 67.32
15. Westpac, Australia = 65.77
16. itsubishi UFJ Financial, Japan = 64.25
17. Banco Bradesco, Brazil = 63.91
18. Sberbank of Russia, Russia = 59.36
19. ANZ Banking, Australia = 58.48
20. Bank of Nova Scotia, Canada = 58.16
21. Standard Chartered, UK = 57.68
22. National Australia Bank, Australia = 56.04
23. US Bancorp, US = 54.85
24. BNP Paribas, France = 54.21
25. Goldman Sachs Group, US = 53.53
26. UBS, Switzerland = 52.00
27. Bank of Communications, China = 48.11
28. China Merchants Bank, China = 45.15
29. Sumitomo Mitsui Financial, Japan = 43.62
30. BBVA, Spain = 42.98
31. Banco do Brasil, Brazil = 42.19
32. Barclays, UK = 42.07
33. Deutsche Bank, Germany = 39.17
34. Bank of Montreal, Canada = 37.93
35. Mizuho Financial Group, Japan = 35.82
36. Morgan Stanley, US = 35.49
37. Banco Santander (Brasil), Brazil = 34.97
38. Lloyds Banking Group, UK = 34.76
39. Nordea Bank, Sweden = 33.57
40. China Citic Bank, China = 31.40
41. PNC Financial Services, US = 31.37
42. Credit Suisse Group, Switzerland = 31.29
43. Canadian Imperial Bank of Commerce (CIBC), Canada = 30.76
44. Intesa Sanpaolo, Italy = 29.00
45. BOC Hong Kong. Hong Kong = 28.13
46. Shanghai Pudong Development Bank, China = 27.76
47. Bank of New York Mellon, US = 25.80
48. Royal Bank of Scotland, UK = 25.17
49. Hang Seng Bank, Hong Kong =24.49
50. State Bank of India,India = 24.48

Sabrina

23rd March 2012, 09:18

http://www.sureshmehrotra.com/today.html#next102
March 2012

India
Ramchandra H Patil has ceased to be a Director of Tata Power Company w.e.f. March 20, 2012.

Vathsala Ranganathan has resigned as Director of Shriram EPC

Bua Singh has resigned as Director of Broadcast Initiatives.

J Srinivas Rao and N Madhu Sudhana Reddy Independent Directors of Croitre Industries have resigned.

Pravin D. Desai, Company Secretary of Excel Crop Care Ltd has resigned from the company w.e.f. March 21, 2012.

Rakesh Bhardwaj, Company Secretary of Haryana Capfin Ltd has resigned w.e.f. March 15, 2012.

Sabrina

23rd March 2012, 18:33

http://www.huffingtonpost.com/2012/03/23/jim-yong-kim-world-bank_n_1374923.html

WASHINGTON — President Barack Obama on Friday nominated Dartmouth College president and global health expert Jim Yong Kim to lead the World Bank, an unconventional pick that could help to quell criticism in the developing world of the U.S. stranglehold on the international organization's top post.

Obama said Kim, a Korean-born physician and pioneer in the treatment of HIV, AIDS and tuberculosis, has the breadth of experience on development issues needed to carry out the financial institution's anti-poverty mission.

"It's time for a development professional to lead the world's largest development agency," Obama said Friday morning during a Rose Garden ceremony.

Obama was joined by Kim, Treasury Secretary Timothy Geithner and Secretary of State Hillary Clinton, who first recommended that Obama consider Kim for the World Bank post.

Sabrina

23rd March 2012, 19:07

(also thread on this via The One)

http://uk.reuters.com/article/2012/0...82M0Y320120323

LONDON | Fri Mar 23, 2012 6:02pm GMT
(Reuters) - A former Russian banker is in a critical condition after being shot several times near London's financial district, police sources said on Friday.

German Gorbuntsov was entering a block of flats close to Canary Wharf in east London on Tuesday evening when a gunman opened fire. His condition was described as critical but stable.

London's Metropolitan Police said detectives were treating the attack as attempted murder, but no arrests had been made so far. A suspect was seen running away from the incident.

"The shooting is not thought to be gang related or linked to any other incidents," police said in a statement.

The London Evening Standard newspaper said on its website that Gorbuntsov, who used to own banks in Russia and Moldova, had been shot by a man with a submachine gun in a suspected assassination.

He was understood to be under armed police guard in hospital, the paper reported.

¤=[Post Update]=¤

http://www.reuters.com/article/2012/...8E7HJN20120309

WASHINGTON/MOSCOW, March 9 | Fri Mar 9, 2012 12:35pm EST
(Reuters) - An FBI investigation into possible criminal violations by Rupert Murdoch's News Corp of a U.S. law banning bribery of foreign officials has expanded to include an examination of the activities of former company holdings in Russia, according to a source close to the investigation.

As part of their inquiry, the FBI will seek to consult with Russian authorities, the source said.

While at this point it is not expected that a special FBI team will go to Russia to pursue the probe, the FBI's representative at the U.S. Embassy in Moscow, known as the "legal attache," is likely to be involved, the source said.

The company's activities in Russia are being looked at as part of a broader FBI investigation into possible violations by News Corp of the U.S. Foreign Corrupt Practices Act - an inquiry fueled by allegations that journalists for Murdoch newspapers in Britain for years systematically made questionable payments to public servants, including police and military officials, in return for story tipoffs.

The goal of the FBI's inquiry in Russia is to see if there is evidence of a "pattern and practice" of legally-questionably activity across multiple News Corp properties "in more than one venue," said the source close to the inquiry.

A second source familiar with the inquiry said that just because the FBI was investigating FCPA issues did not mean U.S. charges will ever be brought. The source said the outcome of U.S. investigations is likely to be heavily influenced by the results of Scotland Yard investigations in Britain.

A spokesman for Murdoch's News Corp in New York declined to comment.

In a written statement, News Outdoor Russia, the country's largest billboard company, in which Murdoch held a controlling interest until last summer, said that it had no first hand information about any FBI investigation.

"With reference to recent reports appearing in the media that within the scope of the investigation into News Corp. operations, the FBI is inquiring about cases of corruption in News Outdoor Russia, the Company states that it has received neither verbal nor written communications from the FBI. Neither has the Company received inquiries from Russian law enforcement agencies," the company said.

News Outdoor added that it "has and continues to operate in accordance with the laws of jurisdictions relevant to its operation, including those applicable to Russian operating companies and subsidiaries of U.S. listed publicly-traded companies."

Information that the FBI investigation had expanded to Russia first surfaced earlier this week in a story published by the Wall Street Journal, now part of Murdoch's global empire. The paper said the inquiry was focused on whether on News Outdoor Russia, had paid bribes to local officials in return for permission to install billboards at choice locations.

FORMER RUSSIAN EXEC

Sergei Zheleznyak, a former News Outdoor executive who now serves as member of the Russian state Duma from President-elect Vladimir Putin's United Russia party, said that when he was with the firm, he was not aware of any corrupt schemes.

"We perfectly understood that we were under scrutiny by both Russian law enforcement agencies and those of our partners. In that sense we could not allow any deviation from legal practices. It would not have been acceptable," Zheleznyak, who held senior management positions at News Outdoor from 2001-2007, told Reuters.

"We had informed all our staff about anti-corruption practices. The company had no interest in using corrupt schemes because it would have damaged our business reputation. Since the company received international loans and was part of an international firm it (using corrupt schemes) would have been plain stupid," he said.

¤=[Post Update]=¤

http://www.itv.com/news/story/2012-0...hot-in-london/

23 March
Banker 'believed he would be killed' in Russia
A Russian newspaper has claimed that the banker shot in London on Tuesday believed he would be killed if he returned to Russia.

Kommersant reports that German Gorbuntsov was involved in the investigation into a 2009 assassination attempt on another banker, Alexander Antonov.

Mr Gorbuntsov's lawyer, Vadim Vedenin, told Kommersant that his client gave a testimony to Russian police implicating two of his former business contacts in the Antonov case.

Gorbuntsov has also been named in anti-corruption investigations in Moldova. However, Gorbuntsov's Moldovan lawyer told Kommersant he didn't think the London shooting could be linked to Moldova since Gorbuntsov told him "several times" that he believed he would be killed if he returned to Russia.

foreverfan

24th March 2012, 15:02

Sabrina

24th March 2012, 20:36

http://politicalvelcraft.org/2012/03/23/breaking-united-states-new-hero-vladimir-putin-russia-issues-arrest-warrant-for-rothschild-henchman-leftist-savior-george-soros/

Breaking -> United State’s New Hero ~ Vladimir Putin: Russia Issues International Arrest Warrant For Rothschild Henchman & Leftist Savior George Soros!

Putin Issues Arrest Warrant for Financial Terrorist George Soros!!

Financial terrorist and Hungarian bank dick, Convicted Felon George Soros… Russian Intelligence has fingered Soros for using cross-collateralized compounded Swedish and Danish foreign currency derivatives for the purpose of an attack on the Russian stock market..

Soros’ use of these cross-collateralized compounded derivatives utilizing Luxembourg banks violates the terms of the Basil II European Union banking agreement.

The thing that should give pause to the Heads of State Western is like Putin did in freeing Russia from those who wanted to bring the total economic and social collapse and beat up in jail all those who have tried.

Are they influencing Lubawitschern Putin? The fact is that Putin is loyal to Russia and its people, and never allow anyone, even when he is in command in that nation, to sell out his country and into the clutches of the NWO lasciarela. For this he ordered to issue an international arrest warrant against George Soros, who has been caught red-handed as he prepared to send financial aid to what is called opposition in Russia, which recently made the streets in dozens of thousands of people telling lies and misinformation-cheating during the elections.

Now Mr. Soros has little room to continue his dirty games with the speculation that has devastated the entire global financial system, in collaboration Rothschild / Rockefeller and other jackals.

Putin’s speech, which was officially issued by the Russian authorities.

Today it is made public the following statement by the Russian Federation and its Prime Minister Vladimir Putin, has been asked for an arrest warrant against the International Terrorist Finance, the Hungarian currency-Mogul George Soros, the Russian secret services have found that Soros was using foreign currency derivatives with other Danes to start an attack against the Russian Currency Shares in the market.

Political Vel Craft In Russia’s Pravda: Obama The Chicken Is Being Plucked!
It should be noted that Soros was using these derivatives with the help of Luxembourg banks, which is forbidden after the contract was made by the EU called Basel II.

Both the IMF (International Monetary Fund) and European Union have issued an Interpol “Red Notice” which is not only against the immediate arrest of Soros, but also against the Sharks on Finance, Bush, Clinton, criminal organization, Marc Rich and his firm, which is located in Switzerland, the Commodities Broker-Richfield, which is why the Russian Premier Putin has recently met the Chef of the Federal Reserve Bernanke Bermard making clear that the Russian Federation will not accept that such use is made of people like Soros and Rich to commit criminal acts of the derivatives market and Finance, which led to social destabilization across the globe.

Putin will be done and start the hunt for these criminals and their accomplices Bankers Rothschild, Rockefeller.

Turkey does not go down to the will of the West.

The turkey is not associated with the embargo that the U.S. / Israel and the EU have decided to take against Iran, has stated that the turkish government spokesman, adding that since the decision when the embargo will not be officially given by ‘ UN, Turkey will continue to import oil from Iran, since both states have agreed in the contracts they have in common, the spokesman continued his speech, stating that the EU states that have passed the Embargo you are penalized for their own to please the U.S. government without thinking that the reactions of citizens would be contrary to their decisions, this leads to moodiness and social problems (they’re seeing), Iran itself has decided to cut oil supplies to the EU immediately even if they decided that the embargo should be implemented within 6 months from the declaration.

Turkey itself has commercial contracts with Iran, which also consist of providing material for the maintenance of its nuclear plants that are used for electricity and how it is spread by the Western media who write under pressure governments US / Israeli that control them 100%, that Iran is almost ready to build its atomic and therefore always to serve their master without thinking such catastrophic consequences may ensue, to consider that the Obama administration had agreed that the Turkey remained on good terms with Iran, since when “probably” a threat by the Israeli government to influence the upcoming elections for the presidency, has persuaded him to change course.

The Israeli government made the request of the Greek government of Israeli troops to be stationed with the adjacent military airport on the island of Cyprus, makes it clear that diplomacy has no place in the ranks of the Israeli government, for them, there is only violence under the guise of a threat does not exist and with which they would like to take the absolute domination in the Middle East.

http://translate.google.com/translat…a.com/?p=40178

Satan To Distance Self From Convicted Felon: George Soros Democrat Leadership! VIOLATES NUREMBERG PEACE PRINCIPLES
Obama Born Again? 2 1/2 Years Of Deception & A $2.8 Million Law Tab In Blocking Eligibility Lawsuits! But Wait, Why Did Barry Lie On His 2004 Senate Papers?
.P.S. At this hour the government of Greece is ready to leave the European Union and try to save their nation similar to that which took place in Iceland.

P.P.P.S. This is a direct warning to the privately owned, criminal Federal Reserve:

Any attempt to ‘bail out’ Goldman Sachs and J.P. Morgan and their bogus credit claims against the nation of Greece using U.S. Taxpayers money will lead to a major response by the U.S. Military.

In closing, a direct message to alleged pResident Barack Hussein Obama-Soetoro:

When you signed the TREASONOUS, UN-Constitutional National Defense Authorization Act (NDAA), which permanently shredded the U.S. Constitution, you declared war on the American People and forfeited any chance of an alleged re-election.

Sabrina

24th March 2012, 20:41

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/03/20/bloomberg_articlesM16MLR6K511001-M16OS.DTL

Bank of America's Guy Quits as Co-Head of Distressed Debt
March 20 (Bloomberg) -- Michael Guy resigned as Bank of America Corp.'s co-head of distressed sales and trading for Europe, the Middle East and Africa after three years in the job.

Guy, who was based in the London office, said in a phone interview that while he's not retiring, he has "no intention of taking a role in another investment bank."

Alex Parry, a spokeswoman for Bank of America in London, declined to comment.

Guy, 45, started his career in 1989 trading high-yield and convertible bonds in New York at JPMorgan Chase & Co. He joined the London office of Donaldson, Lufkin & Jenrette in 1998, two years before the firm was bought by Credit Suisse Group AG.

At DLJ, Guy worked with high-yield market veteran Bennett Goodman, now senior managing director and co-founder of New York-based GSO Capital Partners LP, the credit-investment unit of Blackstone Group LP.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/03/20/bloomberg_articlesM16MLR6K511001-M16OS.DTL#ixzz1q4Keq8oo

¤=[Post Update]=¤

http://online.wsj.com/article/BT-CO-20120319-704369.html
UPDATE: China Development Bank HK Branch CEO Retires - Source

-China Development Bank HK Branch Chief Executive Di Weiping retires, says a person familiar with the situation

--Liu Hao, bank's deputy head of international department, to replace Di, the person says

Sabrina

24th March 2012, 20:48

http://www.businessinsider.com/heres-the-memo-that-could-finally-send-a-wall-street-bigshot-jon-corzine-to-jail-2012-3
24 March
Here's The Memo That Could Finally Send A Wall Street Bigshot -- Jon Corzine -- To Jail

There was a major development yesterday in the nation's collective desire to send at least one Wall Street bigshot to jail after the financial crisis.
Normally, after a financial collapse and crash like the one we had, Wall Streeters are rounded up in packs, vilified, and incarcerated.
This time, however, no bigshot has been so much as charged with anything, let alone sent to jail.

(The reason for this, which no regulator or Congress-person will admit, is because the vast majority of what happened in the years leading up to the financial crisis was legal, courtesy of silly laws championed by the industry and enacted by Congress. But Congress can't admit that, so Congress instead blames prosecutors and regulators for being too wimpy.)

But now it has become clear that at least one crime was committed at a major Wall Street bank.
MF Global used customer funds to pay off non-customer debts while frantically trying to save itself.
That's illegal.

So the question is whether the government will be able to prove that MF Global knew it was misusing customer funds when it did it (I'm not an attorney, but as with other financial crimes, I believe that, to be considered a crime, this action has to be intentional--the "perp" has to know what he or she is doing and know that it's wrong. If you know more, please add your thoughts below.)

New evidence turned up by government investigators suggests that MF Global did know what it was doing. It also suggests that, more importantly, MF Global's CEO, Jon Corzine, personally ordered MF Global to transfer client funds.

In the memo below, Congressional investigators describe the chain of events and evidence in these findings.
In reading the memo, it seems clear that at least some executives at MF Global knew that what they were doing might be wrong: The assistant Treasurer, Edith O'Brien, was apparently reluctant to sign a letter attesting that the transfer did not involve client funds.
The letter also makes clear what Mr. Corzine's defense will probably be:

Financial firms are allowed to transfer money from customer accounts as long as there is enough "excess" cash in those accounts to cover regulatory requirements. So, Mr. Corzine's defense will presumably be that he thought there was enough "excess" cash in the customer account that $175 million could be transferred out of it without breaching the level required by regulators.

If that is, in fact, what Mr. Corzine thought, that's a perfectly reasonable defense.
Anyway, this new evidence will make next week's Congressional hearing into the MF Global collapse much more exciting.
Read the memo and see what you think:
MF Memo

see it at the link

¤=[Post Update]=¤

http://iowastatedaily.com/news/article_1973aab2-7220-11e1-92e6-001871e3ce6c.html
19 March USA
ISU Foundation president steps down, Labh Hira named interim president

Dan Saftig, president and chief executive officer of the ISU Foundation, announced Monday that he will be stepping down from his position.
Saftig had been president of the Foundation, which is a private nonprofit organization, since July 1, 2003.
"I think anytime you have a new head of an organization, especially a new president of a university, that person needs to create their own teams," said Marla Franklin, chairwoman of the ISU Foundation, on why Saftig may have decided to leave the position.

Sabrina

24th March 2012, 20:56

From Global Resignations Facebook from 20 March:

Tally :Totals for all three categories (since Jan 02):

Banking & Financing – 286
Governments – 128
Companies etc. – 224

Total: 638

Banking & Financing:(Week 12 {so far}: 30 resignations)

3/23/12 (GLOBAL) Peter Weibel to resign from board of directors of both Credit Suisse Group AG and Credit Suisse AG
http://tinyurl.com/6rj82cw

3/23/12 (UK) Chairman of Phoenix Group (parent company of Ignis Asset Management) Ron Sandler to step down
http://tinyurl.com/822j8v4

3/23/12 (USA) Managing director of international equities Rob Hyden leaves Goldman Sachs
http://tinyurl.com/7rlphct

3/23/12 (USA) Houston Area Chamber of Commerce exec director Sharon Horbyk resigns
http://tinyurl.com/83wqfk2

3/22/12 (HONG KONG) Bank of Communications VP Wang Bin resigns
http://tinyurl.com/8xocant

GOVERNMENTS
3/23/12 (UK) Church of Scotland senior official Dr Steven Mallon resigns after audit
http://tinyurl.com/6ssvoh4

3/23/12 (USA) Jacksonville Transportation Authority exec director Michael Blaylock to leave
http://tinyurl.com/77ktlwm

3/22/12 (BOSNIA and HERZEGOVINA) Presidency member Zeljko Komsic resigns from Social Democratic party as VP
http://tinyurl.com/7a447qg

3/22/12 (POLAND) Deputy Minister of Administration and Digitisation Piotr Kolodziejczyk resigns along with two others
http://tinyurl.com/82ke8rr

3/22/12 (USA) University of Arkansas at Pine Bluff chancellor Lawrence A. Davis Jr. resigns amid controversy
http://tinyurl.com/7eu9fuy

3/22/12 (USA) President of University of Maryland Susan Aldridge suddenly resigns
http://tinyurl.com/7y5n2kg

3/22/12 (USA) University of Illinois president Michael Hogan resigns
http://tinyurl.com/6lnwqwu

3/21/12 (USA) Florida Rep. Erik Fresen resigns as chairman of Miami-Dade Republican Party
http://tinyurl.com/7xw28xp

3/21/12 (USA) State Rep. Roger Eddy resigns Illinois House seat
http://tinyurl.com/7j7dsr5

3/21/12 (NEW ZEALAND) Local Government Minister Nick Smith resigns after allegations
http://tinyurl.com/7k8oh5p

3/21/12 (USA) South Caroline Rep. Thad Viers resigns from House of Representatives, ahead of indictment
http://tinyurl.com/7wleyr4

3/21/12 (CZECH REP) Education Minister Josef Dobes resigns (over budget cut refusal)
http://tinyurl.com/74dg8k6

3/21/12 (USA) State Rep. David Hawk resigns as chair of the House Conservation and Environment Committee, following arrest
http://tinyurl.com/7qtaomk

3/21/12 (GUATEMALA) Finance Minister Pavel Centeno resigns
http://tinyurl.com/6uq38an

3/20/12 (USA) Federal Prosecutor Salvador Perricone resigns as Assistant United States Attorney amid scandal
http://tinyurl.com/6ulgejx

3/20/12 (PAKISTAN) Pakistan People’s Party (PPP) leader Lashkari Raisani resigns from senate seat
http://tinyurl.com/6rua8ru

3/20/12 (NETHERLANDS) Prominent MP Hero Brinkman quits far-right Dutch party
http://tinyurl.com/7m6axxt

3/20/12 (USA) Exec director of Rhode Island Republican Party Patrick Sweeney resigns
http://tinyurl.com/6r26vao

3/22/12 (UK) Henderson Global Investors head of global equities Neil Rogan steps down
http://tinyurl.com/83h3zg9

3/22/12 (USA) Top exec Mark Jaccom leaves Colliers International (commercial real-estate brokerage)
http://tinyurl.com/6pdo9gd

3/22/12 (USA) President of Wilshire Associates (asset management) Lawrence Davanzo resigns
http://tinyurl.com/82zno8n

3/22/12 (EUROPE) Bank of America Corp. chairman of global banking and markets Andrea Orcel steps down to join UBS AG
http://tinyurl.com/6tllhmm

3/22/12 (EUROPE) Bank of America Corp. head of European division Jonathan Moulds quits
http://tinyurl.com/6tllhmm

3/22/12 (USA) President and CEO of the Financial Services Roundtable Steve Bartlett to step down
http://tinyurl.com/7j7hh6y

3/21/12 (GERMANY) Co-head Wolfgang Hammes of European financial-institution investment banking at Deutsche Bank AG (DBK) leaves
http://tinyurl.com/74ks8jk

3/21/12 (UK) Aviva Investor’s European equity head John Botham exits
http://tinyurl.com/7qwlc26

3/21/12 (CANADA) National Bank’s Ontaria, Atlantic region manager Mike Miller leaves
http://tinyurl.com/7kq4bdp

3/21/12 (UK) Royal Bank of Scotland Group’s global head of equity prime services Gregory Wagner resigns
http://tinyurl.com/6vz8f8k

3/21/12 (USA) Chief information officer Eric Dean resigns from Liquidity Services Inc.
http://tinyurl.com/7v2c4ku

COMPANIES & BUSINESSES
3/23/12 (CHINA) ChinaCast Education Corp. director Michael Santos resigns
http://tinyurl.com/7pmgwfl

3/23/12 (USA) President Rohit Thukral of Churchill Downs Inc’s Twinspires.com (wagering/betting) resigns
http://tinyurl.com/7sxegx9

3/23/12 (USA) Amgen Inc. (biotech/pharma) CEO Kevin Sharer to step down
http://tinyurl.com/7hb2wen

3/23/12 (USA) Wendy’s (fast food chain) COO Steve Farrar to retire
http://tinyurl.com/82c4tg3

3/23/12 (GLOBAL) Shine International (TV) COO Martin Rakusen to exit
http://tinyurl.com/6qxxtve

3/22/12 (GLOBAL/NL) VimpelCom Ltd. (global telecom provider) head of Europe and N. America division Ossama Bessada to leave
http://tinyurl.com/88jyusc

3/22/12 (USA) Associated Press CEO Tom Curley to step down
http://tinyurl.com/7fzvh3f

3/22/12 (CHINA) CNOOC Ltd (oil) joint company secretary Jiang Yongzhi resigns
http://tinyurl.com/8yzb3u3

3/22/12 (SWITZERLAND) Editor in chief of Swiss newspaper NZZ Urs Holderegger resigns for personal reasons
http://tinyurl.com/7opzzug

3/22/12 (USA) Online Resources Inc. (3D-printing) CFO Catherine A. Graham resigns
http://tinyurl.com/7oe28g3

3/21/12 (USA) McDonald’s chief executive Jim Skinner to retire
http://tinyurl.com/7×6ajq6

3/21/12 (UAE) Chief executive Richard Bowker of multi-billion dollar railway developer Etihad Rail, resigns
http://tinyurl.com/8ayupjd

3/21/12 (ASIA) Managing director and deputy chairperson of Television Broadcasts Ltd. (TVB) Mona Fong steps down
http://tinyurl.com/6rm2wrm

3/21/12 (CHINA) 3SBio (pharmaceuticals) chairman Dan Lou to retire
http://tinyurl.com/6nv67zf

3/21/12 (CANADA) President of Volvo Penta Canada Chris Goulder steps down
http://tinyurl.com/6rnlysw

3/21/12 (KENYA) Telkom Kenya (telecom) deputy CEO Jane Karuku leaves
http://tinyurl.com/83tbghm

3/21/12 (USA) Dr. Thomas Cantwell to retire from board of Miranda Technologies Inc.
http://tinyurl.com/784kak5

3/21/12 (CHINA) China Mobile Ltd. chairman Wang Jianzhou retires
http://tinyurl.com/78khhen

3/21/12 (CANADA) Mountain Lake (gold exploration) CEO Gary Woods resigns, accused of stock manipulation
http://tinyurl.com/7s92nne

3/20/12 (USA) Alpha Natural Resources (coal) chairman Michael Quillen to step down
http://tinyurl.com/7q6jptq

3/20/12 (USA) American Campus (ACC) board member Joseph Macchione resigns
http://tinyurl.com/85vyx6n

3/20/12 (GERMANY) CEO of Metro Group’s Real hypermarkets chain Joël Saveuse to step down
http://tinyurl.com/79689le

3/20/12 (USA) President and COO of media sales at Cablevision David Kline resigns
http://tinyurl.com/7erc9ra

3/20/12 (USA) Maine State Housing Authority exec director Dale McCormick resigns
http://tinyurl.com/7jayyoc

3/20/12 (AUSTRALIA) Eureka Energy (oil & gas) managing director Peter Mills resigns
http://tinyurl.com/8xo87o3

3/20/12 (SOUTH KOREA) South Korean Chef de Mission (Olympic Games) Yu Kyung-sun resigns because of corruption scandal
http://tinyurl.com/6vkvrad

3/20/12 (SOUTHERN AFRICA) Finance director at Strategic Natural Resources Edward Cox resigns
http://tinyurl.com/85qbtwr

Sabrina

24th March 2012, 21:02

http://the2012scenario.com/2012/03/freedomizerradio-freedom-reigns-mass-arrests-for-the-cabal/?utm_source=rss&utm_medium=rss&utm_campaign=freedomizerradio-freedom-reigns-mass-arrests-for-the-cabal

Freedomizerradio: Mass Arrests for the
Cabal, NESARA and more 21 March

Discernment Avalonians - may or may not resonate! :)

Sabrina

24th March 2012, 21:06

http://eclinik.wordpress.com/2012/03/24/massive-arrests-have-started-mafia-organizations/

Massive Arrests Have Started 1.0: The Mafiosi
Posted by eClinik on March 24, 2012 in Solutions
The borderline between a doctor, politician, priest, banker and a Mafioso is very thin; the distinction between them is rather blurry. They just differ in their packaging, and methods of bleeding you dry. But they are all the same. Suckers that must be rid out.

Instead of putting all of them together in one roof, we decided that on this page we will compile the arrests made against the Mafiosi first before going to the other professions. These arrests are mostly from this year and a short look back to major arrests last year that made the current roundups possible…
see link for full story

Sabrina

24th March 2012, 21:10

Japan Securities Regulators Raid AIJ Office Over Missing Funds -NHK
22 March
Wall St Journal

RunningDeer

24th March 2012, 21:12

Sabrina

24th March 2012, 21:15

http://www.miamiherald.com/2012/03/19/2701895/poland-seizes-100-million-in-fake.html

Poland seizes $100 million in fake US bonds
19 March
THE ASSOCIATED PRESS
WARSAW, Poland -- Eight people are to be questioned on counterfeiting charges on Monday after they were found with $100 million in fake U.S. treasury bonds in their possession, Polish authorities say.

The Central Anti-Corruption Bureau, a state agency, said the suspects - three Poles, two Italians, two Ukrainians, and a Moldovan woman - were arrested on Sunday afternoon in regions around Krakow and Lublin, in southern and eastern Poland.

A spokesman for the bureau, Jacek Dobrzynski, said the suspects were taken by surprise in Sunday's raid. He said the value of the fake bonds was a record seizure for the bureau.

The suspects are to be questioned by prosecutors in Lublin on Monday.

No other details were immediately available, and it wasn't clear if any fake bonds in the scam made it to the market.

RunningDeer

24th March 2012, 21:22

Sabrina

24th March 2012, 21:24

http://www.rte.ie/news/2012/0324/mahon.html
24 March
Bertie Ahern resigns from Fianna Fáil ireland

Former Taoiseach Bertie Ahern has announced that he is resigning from Fianna Fáil - just days before the party's National Executive meets to consider expelling him.

In an article written for tomorrow's Sunday Independent newspaper, Mr Ahern said the tabling of a motion to expel him "deeply saddened" him.
Current party leader Micheál Martin announced he was to propose the motion on Thursday, after the publication of the final report of the Mahon Tribunal.
In his article, Mr Ahern said the last thing he wanted to do was to be a source of political division in the party, which is why he decided to tender his resignation.

He stresses that this is a political decision, and not in any way an admission of wrongdoing.

The article reiterates his rejection of the Tribunal's findings, and confirms he is considering options for vindicating his good name.

Sabrina

24th March 2012, 21:27

Another Curacao Minister resigns from office
WRITTEN BY STAFF REPORTER 23 MARCH 2012 PUBLISHED IN TIMES 3

WILLEMSTAD, Curacao - The island of Curacao has seen yet another Minister in their three party coalition government resign.

DreamsInDigital

24th March 2012, 21:30

etm567

24th March 2012, 21:33

Sorry to go off topic here, but I do not know where to ask....

Does anybody know what happened to Viking?|

Thank you,

ETM

Sabrina

24th March 2012, 21:35

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/9163784/James-Murdoch-severs-final-NI-ties.html
24 March
James Murdoch severs final NI ties
James Murdoch has finally severed all ties with News International, quitting the boards of Times Newspapers Holdings and two other holdings companies associated with the troubled newspaper group.

News International in February, relenting to sustained pressure from shareholders of its parent company, News Corporation.
However, filings with Companies House reveal that he has also quietly resigned as a director of Times Newspapers Holdings, an influential board established to ensure the editorial independence of The Times and The Sunday Times newspapers.

In addition, he has surrendered his directorships of News Corporation Investments and News International Publications Limited - two subsidiaries of NI Group Limited.

The move is expected to pave the way for a sale of News Corporation's British newspapers, which also include the Sun and the Sun on Sunday, as it battles to prevent the contagion spreading to its US interests as well.

America's Federal Bureau of Investigation and Department of Justice are already investigating News Corporation for potential breaches of the Foreign and Corrupt Practices Act. The Murdoch empire is braced for intense public scrutiny in the US next week, as a documentary about the phone hacking due to air on PBS brings the scandal to a wider American audience.

Chase Carey, chief operating officer of News Corp, earlier this month admitted he had held talks with executives about selling or spinning the papers off following the hacking row. He told US investors that "there certainly is an awareness" that it would be worth more without them.

http://www.telegraph.co.uk/culture/tvandradio/bbc/9164128/BBC-to-make-fresh-claims-of-Rupert-Murdoch-firm-law-breaking.html
24 March
BBC to make fresh claims of Rupert Murdoch firm law-breaking
Rupert Murdoch is braced for further damaging allegations against his News Corporation empire in a BBC documentary that alleges one of his companies broke the law to “bring down” a commercial rival.

The Panorama documentary, which will be broadcast on Monday, makes allegations against NDS, a former News Corporation subsidiary that provides encryption software for many of Mr Murdoch’s television stations.

According to a trailer on the BBC website, the documentary, titled Murdoch’s TV Pirates, “examines the role of former senior police officers in recruiting people to break the law — in order to bring down Murdoch’s commercial rival.”

After learning of the documentary, lawyers for News Corporation sent a letter to media organisations that read: “The allegation which the BBC appears to be broadcasting on Monday is that News Corporation has been involved in illegal activities designed to cause the collapse of a business rival … this allegation is serious, defamatory, false and highly damaging.”
The BBC refused to discuss the specific allegations made in the show.
However, it is expected to examine allegations made by the pay-TV company Canal+, which date back to 2002.

Sabrina

24th March 2012, 21:41

Sabrina

24th March 2012, 21:47

I'm really digging that last article about Putin issuing international arrest warrants. Makes me want to do Russian happy dance. And funny enough I told some people that if Israel strikes Iran that turkey could not be trusted and would turn on the us. Knew I was right about that. Great job as always Sabrina. :)

On looking at this further, am not sure if this is via Tom Heneghan - and am then not sure of accuracy of all of this - in so much as we can be sure of the accuracy of anything nowadays whether it is msm or alternative media - must remember to use intuition BS meter... much better in these rising energies...

Sabrina

24th March 2012, 21:54

Sorry to go off topic here, but I do not know where to ask....

Does anybody know what happened to Viking?|

Thank you,

ETM

I don't know - just looked at an old thread and he is down as retired after 21 March - don't know how that happened then. Would be sad to see him go. And he didn't make a big song and dance about going. Very strange. Perhaps we should start a Viking thread. Perhaps I will. S:

DreamsInDigital

24th March 2012, 21:56

yes but this resonates with me, I might be wrong? but this is very typical of Putin.

RunningDeer

24th March 2012, 22:03

RunningDeer

24th March 2012, 22:08

ThePythonicCow

25th March 2012, 05:56

Does anybody know what happened to Viking?|

Perhaps we should start a Viking thread.
For the benefit of other readers - Sabrina did start such a thread - here: Where is Viking? (http://projectavalon.net/forum4/showthread.php?42882-Where-is-Viking).

belisa12

25th March 2012, 15:58

Many thanks for your post Sabrina.Itś very iportant and useful

Sabrina

25th March 2012, 21:30

http://www.bbc.co.uk/news/uk-politics-17503116

25 March UK
Conservative Party co-treasurer Peter Cruddas has resigned after secretly filmed footage showed him apparently offering access to the prime minister for a donation of £250,000 a year.

He made the claim to Sunday Times reporters posing as potential donors.

He said £250,000 gave "premier league" access, including dinner with David Cameron and possibly the chance to influence government policy.

Mr Cameron said the claim was "completely unacceptable"

more at link

Sabrina

25th March 2012, 21:41

http://order-order.com/2012/03/23/murdochs-lawyer-say-stop-the-front-page/
UK
Murdoch’s Lawyers Say “Stop the Front Page”
This lawyer’s letter has just been sent out to media organisations:

Not for Publication
Private and Confidential

Dear Sirs

BBC Panorama

We act for News Corporation.

We understand that the BBC is due to broadcast a Panorama programme on Monday 26 March 2012, in which serious and defamatory allegations may be made against our client. We say this, not because any allegations have been put to our client prior to broadcast, but because the BBC is publishing on its own website the following synopsis of the programme:

“As Rupert Murdoch faces accusations of law-breaking and corruption at his British tabloid newspapers, Panorama reveals fresh hacking allegations at the heart of News Corporation’s pay-TV empire. The investigation examines the role of former senior police officers in recruiting people to break the law – in order to bring down Murdoch’s commercial rival.”

The allegation which the BBC appears to be broadcasting on Monday is that News Corporation has been involved in illegal activities designed to cause the collapse of a business rival. We write to put you on notice that this allegation is serious, defamatory, false and highly damaging; we urge your paper not to republish it, especially in circumstances where our client has not been given the opportunity to respond.

Yours faithfully

PSB Law LLP

Panorama’s ratings should be good…

at March 23, 2012 at 4:04 pm

¤=[Post Update]=¤

Anna Bligh resigns from Queensland parliament
AAP
Sunday, March 25, 2012
© The Cairns Post Australia

Anna Bligh has quit politics saying the Bligh brand is so tarnished Labor has no hope of rebuilding if she remains in the Queensland parliament.
Her resignation as the member for South Brisbane means the decimated party will get the chance to try to parachute a new leader into the seat.

¤=[Post Update]=¤

http://www.stateofglobe.com/2012/03/25/wave-of-banking-resignations-likely-foreshadows-financial-collapse/

Wave of Banking Resignations Likely Foreshadows Financial Collapse
by HANS CHRISTIAN FÆRDEN on 25. MARCH 2012

I regularly read the interesting website Activist Post, and found the latest article by Brandon Turbeville to be an important article to the readers of State of Globe too. – Hans Christian Faerden, editor State of Globe

On March 20, 2012, I wrote an article entitled “Worldwide Banking Resignations Triple According To Revised Numbers: Why Now?” which listed the latest banking, CEO, and financial institution resignations as compiled by independent blog, American Kabuki. At the time of the writing of that article, the list of resignations had reached a total of 358.

This was in fact the third article I had written on the subject; the second being a discussion on the statistics provided by American Kabuki regarding the average number of resignations in years past compared to those currently being announced which, if the information is correct, skyrocketed in late 2011.

In all three of the articles in which I addressed this topic, I ended the piece by asking the obvious question — “Why?”

Why are so many bankers, board members, and CEOs suddenly resigning from their posts? More specifically, why are they resigning now?

Unfortunately, as of this writing, these questions remain unanswered. In fact, there is not even a hint as to why this mass exodus is occurring. Nevertheless, let us briefly consider a few possibilities.

Initially, one might suspect that these individuals, acting on some sort of insider information (which they are obviously doing), are exiting the ranks of institutions that will soon be the focus of a massive investigation by relevant authorities. One might logically suspect that the rats are jumping ship to save their own skins which will be all the more in danger if they remain in their positions when the investigation begins.

However, although this may be one of the first reasons for such resignations that come to mind, upon further examination, one finds some major holes in this theory.

For instance, if one has been part of a major crime (as the vast majority of these institutions have been), it is not likely that the mere prospect of being retired or employed by another institution would prevent prosecution once that crime has come to light.

In fact, one might be better served by remaining on board so as to be in an even better position by which to cover up evidence and confound the investigators. That is, if one did not think the effort completely hopeless. Keep in mind, many individuals who were in a position to provide or deny evidence regarding the record put options on American Airlines, United Airlines, and Morgan Stanley Dean Witter shortly before 9/11, would not have been able to remain stone silent if they had not remained in their position so that they could be deputized during the investigation.

Of course, if one did find a cover-up to be impossible, it is also likely that one would resign in “protest,” being “appalled” at the corruption witnessed inside the institution. Yet, with that in mind, it should be noted that there have been very few “protest” resignations announced in the latest wave of departures.

It is almost universally recognized that large banking institutions are rife with corruption, fraud, and predatory practices. The 2008 housing crisis is case in point. Here, large institutions were intentionally giving loans that were nothing more than ticking time bombs to recipients whom they knew would never be able to repay them. Indeed, it was found that the majority of these loans were completely fraudulent from the start with the borrowers being fooled into accepting them. Not only that, but the 2008 housing crisis was merely a smokescreen cover for the larger crisis of derivatives looming above them – another banker-engineered scam that is threatening to bring down the world economy at some point in the near future. (See Webster G. Tarpley’s excellent book, Surviving The Cataclysm to understand the full extent to which derivatives threaten the world economy.)

But it was the agencies such as the SEC, who are tasked with policing such behavior, that allowed much of this criminality to continue over and over for decades. Punishments have been minute where they have been meted out at all, and the transfer of wealth from the average American to the coffers of the large international banks has been facilitated by no other institution more so than the Federal government.

The Federal Reserve, itself a cartel of private international banks, stood to gain nothing by acting in the interests of the American people, and they have acted in obvious knowledge and accordance with this fact.

Therefore, with such massive levels of corruption in every regulatory agency tasked with policing private banks, it seems there is little concern that a real, large-scale, investigation with real, large-scale repercussions for the criminals being investigated will actually occur. Obviously, if there is no looming investigation, then our first supposition regarding the resignations begins to lose its steam.

That is, of course, unless the information provided by individuals like David Wilcock and Benjamin Fulford turns out to be true. Likewise for the lawsuits filed by Neil Keenan and Joseph Riad.

However, having mentioned the looming derivatives bubble, there is also the suggestion that many of those resigning are simply bailing out before the rocket ship they rode to riches crashes back down to earth, taking all of the little people with it.

Whether it is what now seems to be the foregone conclusion of WW3 in the Middle East, derivatives, IMF shock therapy, simple default, subversion, societal unrest, or even natural disasters, one thing is almost for certain – the house of cards known as the “economy” is going to fall.

There is little doubt that many of the individuals now cashing in their chips would be in a position to know when that collapse is coming, and others may see it coming simply by watching the signs of the times. Whether it’s the attitude of “Get out while you can,” or “Our work here is done,” there seems to be a growing trend of aristocrats rushing for the exits while the rest of us stand around in amazement wondering just what is going on.

But there is also the possibility that the resignation stampede is not a stampede at all, but something much more orderly. While an economic collapse seems imminent, perhaps the banking lords are neither abandoning ship nor rearranging the deck chairs on their sinking vessel — perhaps they are simply rearranging the corporate structure.

Perhaps many of those who have recently announced their resignation are not pulling out of the game entirely, but merely warming the bench for a return when the next play is called for them. Simply put, what if those who are now resigning are only waiting to take up new positions in some other institution?

Going one step further, however; what if, in addition to an economic collapse, there is also a coming merger that will make some of their current positions obsolete? Remember, we have been hearing calls for world government structures and mechanisms of “global governance” for some time.

Much like the snowballing number of resignations in recent months, we have also been hearing a flurry of calls for a world banking system that will control not just world finance but the monetary and fiscal policies of every nation on the planet.

Of course, I am not claiming that any of these ruminations are definite answers to why so many resignations have occurred in such a short period. I am merely presenting some of the more heavily pondered suggestions with reasons for why they might be true (or not).

The truth is, as I stated earlier, that we simply do not know the reason why. At this point, we can only speculate that something significant is taking shape. Yet the fact is also that, whatever the cause, those resigning their positions do know the reasons why, even if they only know their own personal reasons. This information would likely be very helpful to those of us who are not part of the elite global cabal.

Please feel free to leave your suggestions in the comments section below as to why you think so many resignations have recently been announced.
Read other articles by Brandon Turbeville here.

Sabrina

25th March 2012, 21:48

http://en.trend.az/regions/met/arabicr/2006656.html

25 March

Eight members of Egypt's constituent assembly tasked with drafting a new constitution resigned on Sunday to protest what they see as the unfair distribution of assembly seats to those of Islamist orientations, Ahram Online reported.

Among those who submitted their resignations were five members of the Egyptian Social Democratic Party: psychiatrist Ehab El-Kharrat, MP Ziyad Bahaa El-Din, physician Mohamed Abu El-Ghar, MP Emad Gad, and former finance minister Hazem El-Beblawi.

The remaining three are members of the liberal Free Egyptians party: The head of the party Ahmed Said, the former Capital Market Authority director Hany Sery El-Din and Basel Adel .

Liberal MP Amr Hamzawy is also expected to resign after conducting an informal poll on his Facebook page in which he asked supporters whether he should remain in the assembly.

Those who resigned object to the fact that the 100-member assembly is largely dominated by Islamists, with members of the Muslim Brotherhood's Freedom and Justice Party (FJP) and the Salafist Nour Party comprising roughly 70 per cent of assembly members.

¤=[Post Update]=¤

http://www.ddinews.gov.in/sol.htm
26 March

Solomon Islands embattled Prime Minister Snyder Rini resigned shortly before a scheduled vote of no confidence against him, saying he no longer had the support of parliament.

''I have no alternative but to tender my resignation as prime minister of the Solomon Islands,'' Rini told parliament in the capital Honiara, which was rocked by rioting and looting a week ago when Rini was elected.
News of Rini's resignation was greeted with celebrations on the streets of the capital Honiara with people cheering and driving cars down the main street honking horns.

Political protests last week against Rini spiralled into widespread looting, targeting the tiny Chinese business population in the capital, Honiara, before the arrival of Australian and New Zealand troops to restore peace.

¤=[Post Update]=¤

President accepts the resignation of Dr Ahmed Ali Maniku
25 March 2012,
Maldives

President Mohamed Waheed has accepted the resignation of Dr Ahmed Ali Maniku from the post of Minister of State for Education.
In the letter sent to Dr Ali Maniku accepting his resignation, President Waheed thanked him for his valuable services.

Sabrina

25th March 2012, 21:58

http://www.ifrasia.com/hdfc-bank-dsouza-named-ecm-head/21007326.article

HDFC Bank: D'Souza named ECM head
IFR Asia 739 - March 24, 2012

HDFC Bank, India’s second-largest private-sector bank, has appointed Donald D’Souza as its head of equity capital markets in the investment banking division. D’Souza will be responsible for building the ECM business, which includes origination and execution of capital-raising mandates.

Standard Chartered: Phan to head structured equity
IFR Asia 739 - March 24, 2012

Standard Chartered Bank has appointed Steven Phan as MD, global head of structured equity, based in Hong Kong. He will report to Ed Steel, global head of equity derivatives trading, and to Raghavan Rajagopalan, global co-head of structuring for financial markets. Prior to joining Standard Chartered, Phan was the MD and global head of investments, access and solutions group at HSBC, based in London.

¤=[Post Update]=¤

BOCI: Nicholson quits after five years
IFR Asia 736 - March 3, 2012

After just over five years at Bank of China International, Marshall Nicholson, managing director, global head of equity capital markets and vice-chairman of investment banking, has left the firm.

¤=[Post Update]=¤

Nomura: Reshuffle continues
17 February 2012

Japanese broker Nomura has announced another round of changes to its senior management as part of its drive to cut US$1.2bn of costs this year.

¤=[Post Update]=¤

http://finance.blogrange.com/

Kuwait names new central bank governor

Sunday, March 25th, 2012 | Finance News
DUBAI, United Arab Emirates (AP) — Kuwait is promoting the central bank's deputy governor to the institution's top spot following the resignation of its long-serving leader last month, the finance minister announced Sunday.

Sabrina

25th March 2012, 22:02

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9166291/Barclays-settles-swap-mis-selling-case.html
25 March UK
Barclays settles swap mis-selling case

Barclays has averted an embarrassing courtroom showdown over allegations its staff mis-sold complex financial products to small businesses by settling a key legal case just weeks before a trial.

The bank last week agreed to settle a claim that it had mis-sold an interest rate swap to Wand Property in the latest sign that banks are looking to defuse the outcry that was triggered by a Telegraph investigation.
The Newport-based landlord claimed that the product it had been sold was inappropriate, complex and expensive. The interest rate swap cost the firm tens of thousands of pounds as rates fell to historic lows.
The trial was due to start at Bristol Mercantile Court on April 16 and had become the focus of intense interest as regulators, investors and analysts attempt to grasp the scale of the mis-selling claims British banks are facing.
Among damaging revelations expected at the trial were several emails sent by Barclays employees in which they were alleged to have discussed how they took advantage of their small business customers.
Barclays had vigorously defended itself in the case, hiring top barrister Sonia Tolaney QC to fight the allegations.

Sabrina

26th March 2012, 07:54

http://www.dailymail.co.uk/news/article-2120307/Russian-banker-shot-London-street-seeking-political-asylum-Britain.html
26 March

Russian banker shot down in London street was seeking political asylum in Britain

German Gorbuntsov, 45, feared he would be forced back into the clutches of enemies in Russia
There are fears for the safety of his wife Larisa as the financier's would-be assassin remains at large

A Russian businessman machine-gunned in London was preparing to claim political asylum in Britain for himself and his family.
German Gorbuntsov’s business visa, which had allowed him to live here legally since 2008, expires next year.
It is thought the 45-year-old financier, who was in hiding in London, feared he would be forced to return to Russia and into the clutches of his many enemies.
full story at link

Sabrina

26th March 2012, 08:09

http://www.nationofchange.org/wall-street-confidence-trick-interest-rate-swaps-are-bankrupting-local-governments-1332571419
26 March

Wall Street Confidence Trick: The Interest Swaps That Are Bankrupting Local Governemtns (USA)

The “toxic culture of greed” on Wall Street was highlighted again last week, when Greg Smith went public with his resignation from Goldman Sachs in a scathing oped published in the New York Times. In other recent eyebrow-raisers, LIBOR rates—the benchmark interest rates involved in interest rate swaps—were shown to be manipulated by the banks that would have to pay up; and the objectivity of the ISDA (International Swaps and Derivatives Association) was called into question, when a 50% haircut for creditors was not declared a “default” requiring counterparties to pay on credit default swaps on Greek sovereign debt.

Interest rate swaps are less often in the news than credit default swaps, but they are far more important in terms of revenue, composing fully 82% of the derivatives trade. In February, JP Morgan Chase revealed that it had cleared $1.4 billion in revenue on trading interest rate swaps in 2011, making them one of the bank’s biggest sources of profit. According to the Bank for International Settlements:

[I]nterest rate swaps are the largest component of the global OTC derivative market. The notional amount outstanding as of June 2009 in OTC interest rate swaps was $342 trillion, up from $310 trillion in Dec 2007. The gross market value was $13.9 trillion in June 2009, up from $6.2 trillion in Dec 2007.

For more than a decade, banks and insurance companies convinced local governments, hospitals, universities and other non-profits that interest rate swaps would lower interest rates on bonds sold for public projects such as roads, bridges and schools. The swaps were entered into to insure against a rise in interest rates; but instead, interest rates fell to historically low levels. This was not a flood, earthquake, or other insurable risk due to environmental unknowns or “acts of God.” It was a deliberate, manipulated move by the Fed, acting to save the banks from their own folly in precipitating the credit crisis of 2008. The banks got in trouble, and the Federal Reserve and federal government rushed in to bail them out, rewarding them for their misdeeds at the expense of the taxpayers.

How the swaps were supposed to work was explained by Michael McDonald in a November 2010 Bloomberg article titled “Wall Street Collects $4 Billion From Taxpayers as Swaps Backfire”:
full story at link

ThePythonicCow

26th March 2012, 08:39

I'll wager, Sabrina, that you did not realize, when you set out to document these resignations, how much work you signed yourself up for :).

Thanks!

Sabrina

26th March 2012, 20:44

Keeps growing...

http://americankabuki.blogspot.co.uk/p/131-resignations-from-world-banks.html

"Some big names on Wall Street are eager to step out of the spotlight after enduring years of financial-crisis turbulence and negative attention from politicians and protesters, said Peter Ressler, the chief executive of RMG Search."
UPDATE 3/25/12, Thanks to my assistant Sophie we have another update for you. I'll try to get this out twice a week or at least once a week. The trend is still strong it seems.

Gabriel at http://www.facebook.com/MassResignations is tracking Insurance, Government and Healthcare Resignations.

Love and Peace, American Kabuki

450 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS
I don't mind if you re-blog this listing. Save yourself the wear and tear on your karma and do me the favor of including http://americankabuki.blogspot.com in your reposting. Thanks to all who have caught minor errors. Special thank to Gabriel at Facebook Global Mass Resignations for some resignations I did not find in my searches.

Abreviations used:
CEO = Chief Executive Officer
CFO = Chief Financial Officer
CIO = Chief Investment Officer
COO = Chief Operating Officer
EVP = Executive Vice President
CRO = Chief Risk Officer
INC = Incorporated (can be private held or publically traded shares)
PLC = Public Limited Company (publicly traded shares can be listed or unlisted on stock market)
LTD = Limited Company (privately held)
LLC = American version of LTD, but can have a shareholder/member that is an INC, often hybrids of both
AG = German version of PLC
AB = Swedish version of PLC
SA = Society Anonymous in various latin languages - same as PLC
NV = Dutch version of PLC
BV = Dutch version of LTD
LP = Limited Partners (partnership with limited liability)
REIT = Real Estate Investment Trust

Click here to scroll to latest additions to list, then scroll up.

9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-UP
http://goo.gl/NdW7q
9/06/11 (BELGIUM) Dexia confirmed that its CEO Stefaan Decraene had left the company. Its exposures to sovereign debt in the PIIGS nations are larger than its core Tier 1 capital.
http://goo.gl/vuhvd
9/09/11 (GERMANY) European Central Bank (ECB) governing board member Jürgen Stark, who has resigned
http://goo.gl/t83S4
9/09/11 (US OR) Chief investment officer for the Oregon State Treasury Ron Schmitz resigns.
http://goo.gl/nZ88q
9/12/11 (HONG KONG) HSBC Group Hang Seng Bank Non-Executive Director Mark McCombe resigns
http://goo.gl/mCTgi
9/12/11 (US PA) First Commonwealth Financial Corp, Exec. vice president/strategic resources Thaddeus J. Clements resigns
goo.gl/6ZMXF
9/14/11 (USA NJ) Columbia Bank CEO Raymond G. Hallock Announces Retirement
http://goo.gl/UjUZY
9/14/11 (NEW ZELAND) AMP NZ Office Limited (ANZO), Mark Verbiest has resigned as a director. His resignation arises due to his desire to devote the necessary time and energy to his prospective new role as Chairman of Telecom, assuming the Telecom demerger is sanctioned by Telecom shareholders.
http://goo.gl/LjSI0
9/15/11 (USA NY) Morgan Stanley, Chairman John Mack resigns
http://goo.gl/jWWv7
9/18/11 (JORDAN) Central Bank governor Faris Sharaf resigns over policy
http://goo.gl/8yU5N
9/19/11 (US MS) COO of Parkway Properties (REIT) William Flatt Resigns
goo.gl/Y3kr4
9/20/11 (SCOTLAND) SCOTTISH WIDOWS (RETIREMENT INVESTMENT SAVINGS FUND) There could be no Scottish representative on the board of Lloyds Banking Group, owner of Bank of Scotland, in future after it announced the departure of Lord Sandy Leitch, the chairman of Scottish Widows and group deputy chairman.
http://goo.gl/Dx8qs
9/20/11 (JAPAN) BLife Investment Corporation (Diawa House Asset Management) Director Masaomi Yamadaira resigns
goo.gl/EYOau
9/21/11 (AUSTRALIA & NZ) JP Morgan Australia and New Zealand Worldwide Securities Services CEO Jane Perry resigned
http://goo.gl/Qx0Va
9/23/11 (Singapore) Executive board director Rohit Bhagat has tendered his resignation to the board of BlackRock (Singapore) Limited and BlackRock Asset Management North Asia Limited.
http://goo.gl/Nksjb
9/25/11 (SWITZERLAND) UBS CEO Oswald Gruebel quits over £1.5bn rogue trader crisis
http://goo.gl/WCeqB
9/25/11 (USA CA) Douglas E. Tow, Executive Vice President and Chief Credit Officer, will retire from the Company http://goo.gl/24aAU
9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012
http://goo.gl/7dNiD
9/29/11 (UK) Barclays, Head of UK & European Retail Banking Deanna Oppenheimer resigned.
http://goo.gl/o63jO
9/29/11 (USA NM) New Mexico Pension Fund Director Terry Slattery Resigns
http://goo.gl/BzLn4
9/30/11 (SINGAPORE) AIMS AMP CAP INDUSTRIAL REIT, Ms Tang Buck Kiau resigned.
http://goo.gl/VGxjv
9/30/11 (ICELAND) Alternate board member of Iceland State Financial Investments Thórdís Bjarnadóttir resigns
goo.gl/0c2em
10/01/11 (USA MO) Federal Reserve Bank of Kansas City President Thomas M. Hoenig retired on Oct. 1, 2011
http://goo.gl/B8WK7
10/03/11 (INDIA) The of Euram Bank Asia, president Arun Panchariya, has resigned after being implicated in a stock trading scandal in India.
http://goo.gl/yh2bF
10/03/11 (GHANA) Intercontinental Bank Ghana Limited, Managing Director and CEO Albert Mmegwa resigned.
http://goo.gl/Vc252
10/03/11 (USA FL) Quantek Opportunity Fund, portfolio manager Javier Guerra. Arbitration awarded $1 million damages to Aris Multi-Strategy Fund. Quantek Asset Management made false statements to Aris.
http://goo.gl/udpBA
10/05/11 (UK) UBS co-chief François Gouws of global equities had resigned after last month’s revelation of a $2.3 billion loss from unauthorized trading.
http://goo.gl/OuUjr
10/05/11 (UK) UBS co-chief Yassine Bouhara of global equities had resigned after last month’s revelation of a $2.3 billion loss from unauthorized trading.
http://goo.gl/OuUjr
10/10/11 (BELGIUM) Dexia (Franco-Belgian bank) its chairman Jean-Luc Dehaene will give up his role on the board of Dexia's Belgian division, which is being sold to the Belgian state as part of a rescue deal, the group said on Monday.
http://goo.gl/vyldE
10/11/11 (UK) BlackRock, head of sterling portfolios and manager of the Corporate Bond fund, Paul Shuttleworth, has resigned after 11 years at the firm.
http://goo.gl/FMBjw
10/11/11 (UK) Dynamic Funds, portfolio manager David Taylor has resigned.
http://goo.gl/GZCt5
10/11/11 (CHINA) China Construction Bank Non-Executive Direct Sue Yang resigns for personal reasons.
http://goo.gl/ip8Un
10/13/11 (UK) Cogent Partners co-head research department Katita Palamar resigned.
http://goo.gl/TVLWO
10/13/11 (UK) Cogent Partners co-head research department Bill Farrell resigned.
http://goo.gl/TVLWO
10/13/11 (US OR) MBank CEO Rex Brittle resigns
goo.gl/D48Vh
10/14/11 (USA TX) Deutsche Bank Investment Advisor Griffin Perry resigns, SEC regulations prevented him from campaigning for his father Rick Perry's Presidential campaign.
http://goo.gl/R0PgH
10/23/11 (USA) Fairholme Capital Management LLC, Director Charles Fernandez stepped down for personal reasons. Fairholme Fund has lost 26 percent of its net asset value due to bets that have backfired on AIG Inc, Bank of America Corp and Florida-based landowner and developer St Joe Co.
http://goo.gl/vzTbY
10/24/11 (ICELAND) Icelandic State Financial Investments board members of Icelandic State Financial Investments have resigned following “outside interference” with their Sept. 30 decision to hire Pall Magnusson, the former political adviser to the island’s industry minister, as chief executive officer. [names and positions have been requested from the reporter on 3/9/12]
http://goo.gl/lEpz2
10/24/11 (SINGAPORE) Keppel Corporation Limited, Teo Soon Hoe will resign from his role as group finance director Jan 1.
http://goo.gl/l90be
10/26/11 (INDIA) Beed District Bank (Coop Bank) CEO B S Deshmukh arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
http://goo.gl/CXL7Z
10/26/11 (INDIA) Beed District Bank (Coop Bank) former CEO A N Kulkarni arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
http://goo.gl/CXL7Z
10/26/11 (US VA) The Federal Home Loan Mortgage Corporation, CEO Charles E. Haldeman will retire in 2012
goo.gl/CF4SF
10/27/11 (USA NY) Keefe, Bruyette & Woods Inc (KBW) CEO John Duffy stepped aside. Duffy has prostate cancer.
http://goo.gl/i1s3E
10/27/11(US WA) Pacific International Bank CEO Woosung "Edward" Park abruptly resigns
goo.gl/nJgkI
10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns
http://goo.gl/fdd9v
10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns
http://goo.gl/yWX9R
10/31/11 (EUROPEAN COMMUNITY) European Central Bank President Jean-Claude Trichet, resigns.
http://goo.gl/ygG59
11/01/11 (INDIA) Beed District Bank (Coop Bank More directors resign [research still being conducted on the names]
http://goo.gl/HD8BQ
11/02/11 (UK) Lloyds Banking Group chief executive, António Horta-Osório, is to take leave of absence on health grounds for six to eight weeks, the BBC has reported. (STILL OUT AS OF 2/24/12 - DEFACTO RESIGNATION)
http://goo.gl/3L9gE
11/03/11 (POLAND) Nordea Bank Poland, Wlodzimierz Kicinski resigned from as President of the Management Board of Nordea Bank Poland as of the 10th of November.
http://goo.gl/oKUVZ
11/04/11 (USA NY) MF Global, Jon Corzine, stepped down as chairman and CEO, hired criminal attorney to represent him.
http://goo.gl/tUaVY
11/04/11 (SWITZERLAND) Hyposwiss Private Bank Ltd., Director Hans Bodmer resigns from the Board
goo.gl/5ydhv
11/07/11 (SINGAPORE) Singapore Mercantile Exchange (SMX), CEO Framroze Pochara quits.
http://goo.gl/eum87
11/08/11 (SINGAPORE) The Singapore Fund, Inc, Austin C. Dowling has resigned as Director of the Fund
http://goo.gl/bCUhI
11/09/11 (USA NY) HSBC Israeli desk, managing director Issac Doueck resigned.
http://goo.gl/zuCJE
11/09/11 (ISRAEL) HSBC Israeli desk, senior representative Simon Hakim resigned.
http://goo.gl/zuCJE
11/09/11 (SWITZERLAND) HSBC Israeli desk, head of Israel Dan Sagi resigned.
http://goo.gl/zuCJE
11/09/11 (USA NY) HSBC Israeli desk, ????? resigned.
http://goo.gl/zuCJE
11/09/11 (USA NY) HSBC Israeli desk, ????? resigned.
http://goo.gl/zuCJE
11/10/11 (EUROPEAN COMMUNITY) European Central Bank Lorenzo Bini Smaghi resigned from the European Central Bank’s Executive Board.
http://goo.gl/Invjc
11/11/11 (HONG KONG) Goldman Sachs' Asia Pacific co-head Yusuf Alireza is retiring from the investment bank after 19 years
http://goo.gl/pejs3
11/10/11 (INDIA) UBS The head of India operations at UBS AG , Manisha Girotra, has resigned
http://goo.gl/3aTh2
11/15/11 (USA NY) Icahn Enterprises LP, senior managing director of health-care investing, Alex Denner, has resigned.
http://goo.gl/X1A4i
11/16/11 (EUROPEAN COMMUNITY) International Monetary Fund Europe, director Antonio Borges resigns for personal reasons.
http://goo.gl/55CqZ
11/17/11 (NETHERLANDS) Syntrus Achmea (pensions manager), CIO Marjolein Sol is resigning.
http://goo.gl/Xqxsr
11/17/11 (INDIA) Nomura India's investment banking head Nipun Goel resigns
goo.gl/RaK9X
11/17/11 (INDIA) Nomura India's Capital market division head Indraneil Borkakoty resigns
goo.gl/RaK9X
11/17/11 (INDIA) Nomura India's executive director Shubham Majumder resigns
goo.gl/RaK9X
11/18/11 (US WA) President and Chief Executive Officer of the Federal Home Loan Bank of Seattle Steven R. Horton retires
goo.gl/cjJJD
11/18/11 (US MD) Legendary mutual fund manager Bill Miller CIO of Legg Mason Capital Management and portfolio manager of LM Value Trust resigns
goo.gl/YO4CJ
11/18/11 (ICELAND) Horn Invest hf., Director of the Board of Guðrún Ragnarsdóttir resigned
goo.gl/k54sv
11/18/11 (ICELAND) CEO of Landsbankinn Steinthór Pálsson resigned from the Board of Horn Invest hf.
goo.gl/k54sv
11/18/11 (SCOTLAND) Scottish Widows Investment Partnership Limited (SWIP) Private Equity Fund, wish to announce the resignation of John Brett from the Board of Directors of the Company, for business reasons.
http://goo.gl/MLsp8
11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://goo.gl/OiDiq
11/23/11 (GERMANY) CEO of Clearstream Banking AG, Frankfurt Andreas Wolf resigns and leaves the boards of Clearstream International S.A., Luxembourg and Deutsche Börse Group
goo.gl/FE2TB
11/23/12 (USA SC & NC) Bank of the Carolinas, CFO Eric Rhodes resigns for personal reasons. Bank of the Carolinas was delisted from the NASDAQ on 3/9/12
http://goo.gl/oytcD
11/24/12 (IRELAND) AXA Rosenberg Management Ireland Limited, director Simon Vanstone resigns.
http://goo.gl/x5Fl6
11/28/11 (LATVIA) Latvia’s chief banking regulator, Irena Krumane, said she resigned today, a week after the state took over Latvijas Krajbanka AS (LKB1R), the Baltic News Service reported. The bank regulator suspended operations at Krajbanka, a subsidiary of Lithuania’s Bankas Snoras AB, on Nov. 21 and said around 100 million lati ($191.8 million) was missing. The Lithuanian government seized Snoras on Nov. 16 saying assets reported on the lender’s balance sheet were missing.
http://goo.gl/mUvLF
11/29/11 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorp. and Seneca National Bank
http://goo.gl/XncOc
11/29/11 (NORWAY) Carnegie ASA’s co-head of investment banking in Norway, Cato Holmsen, has resigned
http://goo.gl/utIfy
11/29/11 (FRANCE) AXA Real Estate Investment Managers, Global head of business development, strategy and research for Kiran Patel, has handed in his resignation. Patel was with the firm for 11 years.
http://goo.gl/iGjB6
11/30/11 (LITHUANIA) Lithuania Central Bank, Governor Vitas Vasiliauskas fired Kazimieras Ramonas, head of the banking supervision department, after seizing Bankas Snoras AB, the country’s third-biggest deposit bank.
http://goo.gl/EiqUC
11/31/11 (AUSTRALIA) Commonwealth Bank CEO Sir Ralph Norris Australia's highest-paid banker, quits
goo.gl/UBSmh
12/01/11 (SRI LANKA) Sri Lanka's Securities and Exchange Commission (SEC) head Indrani Sugathadasa resigned.
http://goo.gl/6qzny
12/02/11 (PAKISTAN) NIB Bank, Singapore forced resignation of CEO Khawaja Iqbal Hassan, for mismanagement
http://goo.gl/ojDcu
12/03/11 (USA SC) South Carolina's $25 billion pension fund chief investor Robert Borden resigned. Borden's resignation comes as the SC Retirement System faces a $13 billion deficit, prompting state lawmakers to call for a massive overhaul of the system.
http://goo.gl/ypK2G
12/05/11 (BERMUDA) HSBC Bermuda Ltd, chairman of the board and director John Campbell resigns
http://goo.gl/peFGD
12/05/11 (BERMUDA) HSBC Bermuda Ltd, CEO Philip Butterfield retires
http://goo.gl/peFGD
12/06/11 (USA ) Western Liberty Bancorp CFO George Rosenbaum has resigned.
http://goo.gl/ozuwB
12/08/11 (USA) Fidelity Global Special Situations Fund, manager Jorma Korhonen resigned.
http://goo.gl/a7Rhw
12/08/11 (INDIA) Nomura's co-head of equity-linked solutions Neeraj Hora, resigns
http://goo.gl/WYcjR
12/09/11 (France) Executive board director of Kléline Abdallah Hitti resigned. Kléline is an electronic banking arm of the Group BNP PARIBAS .
http://goo.gl/NpLqc
12/12/11 (Papua New Guinea) Bank South Pacific (BSP) chairman Kostas Constantinou resigned as a director of the Board of Bank of South Pacific Limited and its subsidiaries.
http://goo.gl/6NiyY
12/14/11 (MAURITIUS) African Alliance Africa Pioneer Fund I (the "Fund"), Portfolio Manager Paul David Austin Clark resigned
http://goo.gl/YiagF
12/14/11 (USA NY) Goldman Sachs global head Milton R. Berlinski retiring at the end of the year
http://goo.gl/Xj0l4
12/14/11 (IRELAND) AfricanAlliance I's portfolio manager Paul David Austin Clark resigns
goo.gl/xhMkw
12/15/11 (UK) Coutts [private bank] Senior private banker James Fleming resigns
http://goo.gl/ANN5B
12/19/11 (CANADA) Holloway Lodging Real Estate Investment Trust (a REIT) CEO Glenn Squires has resigned
http://goo.gl/8rAKb
12/19/11 (JAPAN) Citibank Japan CEO, Darren Buckley, resigns after Citibank was punished by regulators for the third time in seven years.
http://goo.gl/ScT47
12/19/11 (DENMARK) Danske Bank Peter Straarup, who will retire February 15
http://goo.gl/06c2b
12/19/11 (DENMARK) Danske Bank Eivind Kolding has resigned as Chairman of the Board of Directors and from the three board committees on which he served, He continues as member of Danske Bank’s Board of Directors until he assumes the position of Chairman of the Executive Board on 15 February 2012. On the same day, at the latest, Eivind Kolding will resign from the A.P. Moller-Maersk Group.
http://goo.gl/06c2b
12/20/11 (UK) Prudential (UK) Chairman Harvey McGrath has informed the Board of his intention to retire from the Board in 2012 once a successor has been found.
http://goo.gl/IPOzf
12/20/11 (USA MA) Century Bancorp, Inc., Director Roger S. Berkowitz resigned.
http://goo.gl/bbdeT
12/21/11 (USA MN) Voyager Bank, fired CEO trade accusations, New details have emerged in Voyager Bank's firing of its CEO in a court filing that accuses him of defrauding the bank of $15 million. The former CEO, Timothy Owens, has sued the bank for wrongful termination and accused the bank of defaming him.
http://goo.gl/3Q1Vg
12/23/11 (USA VA) Virginia National Bank (VNB) Chairman Mark Giles quits
http://goo.gl/dFDpH
12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Claire Gargalli quits
http://goo.gl/kowkW
12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Leslie Disharoon quits
http://goo.gl/kstLp
12/23/11 (USA VA) Virginia National Bank (VNB) Board Member Neal Kassell quits
http://goo.gl/NrrPZ
12/23/11 (USA) Third Avenue Value Fund, co-manager Marty Whitman is leaving.
http://goo.gl/iMe99
12/23/11 (US NV) Chief financial officer of Western Liberty Bancorp George Rosenbaum resigns
goo.gl/R9vey
12/31/11 (US CA) Wells Fargo Senior EVP Mark Oman retires
goo.gl/T0OFC
1/01/12 (US FL) OptimumBank Larry Willis left the board shortly after he was re-elected at the company shareholder meeting.
goo.gl/GDcFX
1/01/12 (SINGAPORE) Keppel's group finance director Teo Soon Hoe resigns
goo.gl/nfPWd
1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns
http://goo.gl/b6AoA
1/01/12 (ISRAEL) Israel's Bank Leumi CEO Galia Maor steps down after 16 years
http://goo.gl/xwlFt
1/03/12 (GREECE) Marfin Popular Bank Public Co Ltd, Mr Eleftherios Hiliadakis has resigned from the Board of Directors.
http://goo.gl/MuFa0
1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down
http://goo.gl/joExI
1/03/12 (USA WI) Michael Falbo, president and CEO of Southport Bank, has resigned just six months after accepting the position.
http://goo.gl/DP1uK
1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board
http://goo.gl/SKE7j
1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board.
http://goo.gl/bzZtQ
1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down
http://goo.gl/zvo1L
1/05/12 (USA NY) Blackstone/GSO Senior Floating Rate Term Fund and Blackstone/GSO Long-Short Credit Income Fund announced that John R. O’Neill has resigned.
http://goo.gl/ZiWGL
1/07/12 (UK) Arab Banking Corporation Intl. Bank (ABCIB) Manama, Bahrain: ABCIB announced retirement of CEO Nofal Barbar from its London office.
http://goo.gl/yF0Mm
1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns
http://goo.gl/5qsUu
1/09/12 (USA WASHINGTON DC) Whitehouse former banker and Chief of Staff William M. Daley resigned
http://goo.gl/34F0B
1/09/12 (USA NY) Morgan Stanley Chief Legal Officer Frank Barron retires.
http://goo.gl/XYCwJ
1/09/12 (SWITZERLAND) Temenos Group AG, provider of core banking software announced the resignation of Mark Austen as a member of the Board of Directors.
http://goo.gl/l6QzM
1/10/12 (LIECHTENSTIEN) LLB CEO and chairman Josef Fehr resigned .
http://goo.gl/a4gTh
1/10/12 (US DC) Fannie Mae (The Federal National Mortgage Association) Chief Executive Michael J. Williams resigns
goo.gl/8dver
1/10/12 (USA IN) Security Bank of Springfield, president and CEO Steve Cour has announced plans to retire at the end of June.
http://goo.gl/jFbYA
1/11/12 (KAZAKHSTAN) BTA Bank, CEO Marat Zairov resigns for health reasons.
http://goo.gl/yAHgr
1/11/12 (SWITZERLAND) La Banque Privée Edmond de Rothschild, CEO Claude Messulam resigns, replaced by Christophe de Backer, Claude Messulam to become a director of the bank holding company.
http://goo.gl/vWr3i
1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading Edward K. Eisler retires
http://goo.gl/i2TVk
1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading David B. Heller retires
http://goo.gl/i2TVk
1/13/12 (IRELAND) National Asset Management Agency, head of lending Graham Emmett is resigning
http://goo.gl/GN3h3
1/13/12 (USA DC) World Bank, Vice President for Africa, Oby Ezekwesili will retire from her position at the World Bank in May.
http://goo.gl/fiUsU
1/16/12 (UAE) Ajman Bank CEO Mubashar Khokhar resigns
goo.gl/FJuYd
1/17/12 (CANADA) Cumberland Private Wealth Management CIO John Wilson quit to join another money manager.
http://goo.gl/3JuNJ
1/17/12 (HONG KONG) Oversea-Chinese Banking Corporation Limited (OCBC Bank) CEO David Conner retires.
http://goo.gl/83Z1i
1/17/12 (UK) Morgan Stanley Intl, chairman Walid Chammah is retiring. An inside source speculated that it could mean that the company had suffered exposure to European sovereign debt woes under Chammah's purview.
http://goo.gl/e7vS7
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Ali Yousef Al Awwadhy resigned.
http://goo.gl/0PoIM
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Miss Anoud Fadhel Al Hathran resigned.
http://goo.gl/0PoIM
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Tarek Farid Al Othman resigned.
http://goo.gl/0PoIM
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Salem Ali Hassan Al Ali resigned.
http://goo.gl/0PoIM
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Majed Ali Oweid Awadh resigned.
http://goo.gl/0PoIM
1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Badr Suliman Al Ahmed resigned.
http://goo.gl/0PoIM
1/18/12 (USA) Goldman Sachs co-heads of Goldman's securities business David Heller resigns.
http://goo.gl/TMHvx
1/18/12 (USA) Goldman Sachs co-heads of Goldman's securities business Edward Eisler resigns.
http://goo.gl/TMHvx
1/18/12 (USA) Goldman Sachs co-head of its investment management division Ed Forst resigns.
http://goo.gl/TMHvx
1/19/12 (UK) Santander, senior director Americas division Francisco Luzón is retiring with a pension pot of about €56m, a package whose generous size is expected to reignite controversy over bankers’ remuneration.
http://goo.gl/XMRvP
1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Alaa' Sabaa resigned from board of directors.
http://goo.gl/5Eze1
1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Wael EL Mahgary resigned from board of directors.
http://goo.gl/5Eze1
1/20/12 (JAPAN) Normura's head of wholesale banking Jasjit Bhattai quits
http://goo.gl/6FuWe
1/20/12 (SOUTH AFRICA) First National Bank's sharia banking division is in a state of flux after it was hit by a corporate governance scandal in which its chief executive, Ebi Patel, was put on "special leave" for almost a month while an internal probe was conducted. Patel has been reinstated, but is facing disciplinary action. Islamic finance forbids the payment and receipt of interest (riba), and investment in some industries. Sharia law states that interest-bearing transactions result in economic ills such as unemployment and high inflation. Trading in derivatives and speculative investment are also forbidden. Sharia law requires all transactions to be backed by tangible assets.
http://goo.gl/NmGJP
1/20/12 (USA) TIAA-CREF executive vice president and president of Asset Management, Scott C. Evans resigned
http://goo.gl/f6qLs
1/20/12 (SOUTH AFRICA) South African deputy economic development minister Enoch Godongwana quit his post this week in the face of growing outrage in government circles about his involvement in a company that allegedly defrauded clothing factory workers of R100-million of their pension fund money.
http://goo.gl/ZADvn
1/21/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down
http://goo.gl/sdY1p
1/21/12 (SINGAPORE) ANZ Asia's private banking head Nina Aguas resigns as managing director of Asia-Pacific private banking.
http://goo.gl/hlHvG
1/21/12 (USA CA) Nara Bancorp (Now called BBCN) President and CEO Min Kim Resigns
http://goo.gl/rcfJ3
1/22/12 (KENYA) National Bank of Kenya's (NBK) managing director, Mr Reuben Marambii, will resign before year end.
http://goo.gl/c2n7r
1/23/12 (SOUTH AFRICA) The South Africa Private Equity and Venture Capital Association (SAVCA) CEO JP Fourie resigned
http://goo.gl/dmxFI
1/24/12 (IRELAND) Deutsche International Corporate Services Limited fund, Paul Shevlin resigned as a director
http://goo.gl/OjZFF
1/24/12 (SWITZERLAND) Global Fund to Fight AIDS, Tuberculosis and Malaria, Dr. Michel Kazatchkine, a French clinical immunologist and head of the $22.6 billion fund has abruptly resigned, since revelations about corruption and misspending severely rattled some of its biggest donors. The resignation came on the eve of the World Economic Forum meeting in Davos, which played a role in its creation a decade ago. A dinner for the public-private fund is planned Thursday with U.N. Secretary-General Ban Ki-moon and major backers Bill Gates and the Bill & Melinda Gates Foundation. The shakeup resulted from an internal review to address problems highlighted in Associated Press stories last year about the loss of tens of millions of dollars in grant money because of mismanagement and alleged fraud. Its biggest private donor is the Bill & Melinda Gates Foundation, which has pledged $1.15 billion and provided it with $650 million so far.
http://goo.gl/bqXs8
1/25/12 (Papua New Guinea) Bank South Pacific (BSP) chairman Kostas Constantinou resigned as a director of the Board of Bank of South Pacific Limited and its subsidiaries.
http://goo.gl/vh3az
1/25/12 (UK) SOFIA PROPERTY FUND LIMITED, Gerry Williams has resigned as a Director, following his resignation from Ardel Holdings Limited ("Ardel") where he was CEO. Ardel is the holding company of Ardel Fund Services Limited which provides administration services in Guernsey to the Company.
http://goo.gl/kDfVv
1/25/12 (USA NY) Fortress Private Equity, CEO Daniel Madrid (aka Daniel Mudd) has resigned. Madrid was forced to leave in order to deal with SEC allegations. Prior to joining Fortress, Madrid served as Fannie Mae CEO and was forced to resign. SEC sued Madrid and former Freddie Mac CEO Richard West Long (aka Richard Syron) for hiding hundreds of billions of dollars in subprime loans. Madrid denied the SEC allegations saying the US govt. and investors were informed of Fannie Mae’s loan data.
http://goo.gl/u9IdB and http://goo.gl/v94ik and http://goo.gl/tXQwP
1/27/12 (SINGAPORE) AIMS AMP CAP INDUSTRIAL REIT, Mr Graham Sugden resigned.
http://goo.gl/VZYHY
1/27/12 (SOUTH AFRICA) ABSA Group COO Alfie Naidoo would be leaving to pursue personal interests
http://goo.gl/cVWnA
1/27/12 (SOUTH AFRICA) ABSA Group chief marketing and communication officer Happy Ntshingila, will be taking up an "exciting position" outside banking
http://goo.gl/cVWnA
1/27/12 (SOUTH AFRICA) ABSA Group CEO Daphne Motsepe retires at the end of April after a 10-year career at the bank.
http://goo.gl/cVWnA
1/29/12 (PORTUGAL) Banco Santander Totta SA executive chairman Nuno Manuel da Silva Amado has resigned
http://goo.gl/Glvdn
1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down
http://goo.gl/BwUgv
1/29/12 (UAE) NBD, Emirates 's investment banking division CEO Suresh Kumar is leaving the bank
http://goo.gl/S1x0F
1/30/12 (UK) British Private Equity and Venture Capital Association (BVCA) COO Andrew Graham steps down
http://goo.gl/4SDW8
1/31/12 (SCOTLAND) Royal Bank of Scotland former CEO Fred Goodwin Stripped of Knighthood
http://goo.gl/CoLVS
2/01/12 (US CT) President and CEO of the First National Bank of Suffield George W. Hermann resigns
goo.gl/JLlHz
2/01/12 (SYRIA) Arab Bank Syria Board member Basma Talal Zein resigns.
http://goo.gl/WXxzw
2/01/12 (SOUTH AFRICA) ABSA [Barclay's Bank] deputy CEO Louis von Zeuner resigns
http://goo.gl/IP8nH
2/01/12 (UK) Lloyds Bankging Group head of wholesaleTruett Tate quits
http://goo.gl/OqRVo
2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February
http://goo.gl/vjO5M
2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption
http://goo.gl/bb5sh
2/02/12 (USA) American Perspective Bank, President and CEO Thomas J. Beene resigned.
http://goo.gl/K66eb
2/02/12 (USA) NIR Group hedge funds, Corey Ribotsky was forced out of NIR by Pricewaterhouse-Coopers, the court-appointed liquidator, following allegations of fraud by the Securities and Exchange Commission. In September, the SEC sued Ribotsky and NIR for taking more than $1 million of investors’ money to buy cars and watches.
2/02/12 (IRELAND) AXA Rosenberg Management Ireland Limited, director Nathalie Savey resigned.
http://goo.gl/cXB8u
2/03/12 (VIETNAM) VinaCapital Vietnam Opportunity Fund Limited's director Horst Geicke resigns
goo.gl/vCQJU
2/03/12 (UK) VinaCapital Vietnam Opportunity Fund Ltd, Non-Executive Director Horst Geicke has resigned.
http://goo.gl/r955T
2/03/12 (UK) UBS London trader, Kweku M. Adoboli, was arrested and charged with fraud and false accounting, forcing UBS to announce a $2.3 billion trading loss.
http://goo.gl/ClTaq
2/05/12 (USA - NY) Morgan's investment banking chairman Joseph Perella quit
http://goo.gl/pG2jF
2/05/12 (USA - NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit
http://goo.gl/bRv9K
2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
http://goo.gl/OhCEb
2/06/12 (USA NY) TD Ameritrade, head of retail distribution John Bunch resigns. Bunch is leaving to take the top job at a small investment advisory firmin Kansas City.
http://goo.gl/kgS7M
2/06/12 (CANADA) Director of Sprott Inc. Mark McCain resigns
goo.gl/ZUVp8
2/07/12 (USA) Bank Of America's Mortgage Business Chief Barbara Desoer Retires
http://goo.gl/i7AUY
2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits
http://goo.gl/fP03J
2/07/12 (IRAN) Iran denies central bank resignation rumor (don't believe until its denied?)
http://goo.gl/PiQSy
2/07/12 (UK) Agneash Soft Commodities PLC, an investment company in mineral, announced resignation of its Chief Investment Officer Tom Winnifrith .
http://goo.gl/LDgl9
2/07/12 (US NY) BlackRock, General counsel Robert P. Connolly leaves
goo.gl/l7c9v
2/08/12 (SOUTH AFRICA) Standard Bank Group Ltd - Resignation of Group Secretary Loren Wulfsohn
http://goo.gl/K1pfn
2/08/12 (USA OH) Cleveland International Fund (CIF) private equity fund, A. Eddy Zai launched and led the Cleveland International Fund, an investment outfit that pairs wealthy foreign investors hoping for U.S. residency with job-creating projects. Zai resigned from his job this week, before being indicted in a bank-fraud scheme that, according to investigators, contributed to the collapse of a credit union in Eastlake.
http://goo.gl/tgamf
2/08/12 (UAE) Emirates NBD makes top-level changes Bank's deputy chief executive officer Abdul Wahed Al Fahim has resigned.
http://goo.gl/JUdNd
2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 62 year old Monsignor Emilio Messina, the Archdiocese of Camerino-San Severino Marche investigated on money laundering by Italian officials.
http://goo.gl/uztVU
2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 49 year old Father Don Salvatore Palumbo of the socially popular parish of San Gaetano
http://goo.gl/uztVU
2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 37 year old Father Horace Bonaccorsi of Catania, already tried and acquitted in Sicily for money laundering offenses recycling money through accounts at IOR
http://goo.gl/uztVU
2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 85 year old Father Don Evaldo Biasini of Rome. Father Don Evaldo Biasini is known as the "Don of Cash".
http://goo.gl/uztVU
2/09/12 (IRELAND) SPL Investment Funds's director John Davey discharged
goo.gl/h814P
2/09/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits
http://goo.gl/8BuXy
2/09/12 (UK) JP Morgan Chinese Investment Trust PLC, non-executive Director Madam Yujiang Zhao resigned
http://goo.gl/CPO23
2/09/12 (UK) Alliance Trust Savings (ATS), Robert Burgess is stepping down as CEO.
http://goo.gl/ohHG3
2/10/12 (NIGERIA) Peace Capital Market Limited Managing Director Sabinus Iroanya Chukwu resigns
goo.gl/MlI5N
2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down
http://goo.gl/DBKdc
2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns
http://goo.gl/wMl5g
2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns
http://goo.gl/GFvIy
2/13/12 (UK) Goldman Sachs confirmed on Monday that George N. Mattson, one of the firm’s top deal makers in the industrial sector, will retire. He was a senior relationship banker with a client list that included General Motors, General Electric and Caterpillar.
http://goo.gl/vgnq2
2/13/12 (HONDURAS) Honduras finance minister William Chong Wong, resigned on Monday after the International Monetary Fund (IMF) said the country did not reach its deficit and monetary targets for 2011.
http://goo.gl/drgHY
2/13/12 (US PA) AmerisourceBergen CFO Michael DiCandilo Abruptly Leaves.
http://goo.gl/ElyIk
2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns
http://goo.gl/iQ0n8
2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank
http://goo.gl/uHp6C
2/14/12 (PAKISTAN) National Bank of Pakistan (NBP) chairman Syed Ali Raza resigned
http://goo.gl/scexo
2/14/12 (USA NY) Goldman Sachs Jeffrey Moslow resigns, an investment banker to companies such as Tyco International Ltd, Nstar, the Boston-based utility, and defense contractor Dyncorp International Inc.
http://goo.gl/7h4O7
2/15/12 (SOUTH AFRICA) HPA - Hospitality Property Fund Limited, chairman Frank Berkeley resigned.
http://goo.gl/wJmpR
2/15/12 (USA) Boston Properties (REIT), Executive VP and COO E. Mitchell Norvilleto resigned
http://goo.gl/AW7X7
2/15/12 (WORLD) World Bank CEO Zoellick resigns
http://goo.gl/dHDSm
Did the White House tell the World Bank president that he's out?
http://goo.gl/wUOgb
2/15/12 (CHINA) Morgan non-executive chairman Stanley Stephen Roach will be retiring.
http://goo.gl/MQeGW
2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns
http://goo.gl/SNsVI
2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns
http://goo.gl/TyYiJ
2/16/12(CHINA) Goldman Sachs Vice Chairman in Asia Pacific excluding Japan Mark Machin steps down
goo.gl/mx4Hw
2/16/12 (USA IL) Deerfield Capital Management LLC, CEO Daniel Hattori and CEO of CIFC Corp resigned.
http://goo.gl/LLNnD
2/16/12 (USA IL) Deerfield Capital Management LLC, COO Luke Knecht and CEO of CIFC Corp, resigned both positions.
http://goo.gl/LLNnD
2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down
http://goo.gl/yT6rS
2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down
http://goo.gl/c7PtU
2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits
http://goo.gl/CtmOU
2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns
http://goo.gl/I7Alo
2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
http://goo.gl/WczHh
2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested
http://goo.gl/I7Alo
2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested
http://goo.gl/I7Alo
2/16/12 (AUSTRALIA) Royal Bank of Scotland Austraila CEO Stephen Williams resigns
http://goo.gl/4r16D
2/17/12 (SOUTH AFRICA) Coronation Fund Managers CEO Hugo Nelson is stepping down at age of 40.
http://goo.gl/I3NY8
2/17/12 (PAKISTAN) PICIC Asset Management Company Limited CFO Ahmed Raza resigns
http://goo.gl/K8A2I
2/17/12 (USA NY) Goldman Sachs CEO Lloyd Blankfein out as by summer
http://goo.gl/UjpzD
2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns
http://goo.gl/1n1Nr
2/17/12 (UK) Insight Investment, asset manager Mike Pinggera has resigned..
http://goo.gl/uDplK
2/17/12 (USA NY) Harbinger Group Inc. CFO Francis T. McCarron has advised the Company of his resignation effective April 30
http://goo.gl/6il4F
2/17/12 (BULGARIA) Bulgaria National Health Insurance Fund (NHIF), The managing director Neli Nesheva, resigned after a two-day row about end-of-year bonuses paid by NHIF to its employees.
http://goo.gl/7UQxv

Sabrina

26th March 2012, 20:45

2/18/12 (PAKISTAN) The Bank of Azad Jammu and Kashmir executive Zulfiqar Abbasi resigns
http://goo.gl/G0woP
2/19/12 (MALTA) Bank of Valletta, director of the Multi-Manager Fund John C. Ripard, has resigned being reprimanded by the MFSA for disposing of his holdings in the Fund whilst in possession of sensitive information which was not available to the public.
http://goo.gl/1li3r
2/20/12 (IRELAND) SPL Investment Funds's director Mike Kirby resigns
goo.gl/nDW2T
2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down
http://goo.gl/Unuez
2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://goo.gl/F5twL
2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns
http://goo.gl/aA0RW
2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits
http://goo.gl/6Dj0i
2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns
http://goo.gl/DuMrm
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB
2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB
2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns
conflict of interest with director seat on unknown bank
http://goo.gl/aEmwB
2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns
conflict of interest with director seat on Eastland Insurance Company Limited
http://goo.gl/aEmwB
2/21/12 (JAPAN) CITIBANK JAPAN: Bakhshi is taking over duties from Brian Mccappin, who the bank said in December would resign after the unit was banned for two weeks from trading tied to the London and Tokyo interbank offered rates.
http://goo.gl/Z1rnw
2/22/12 (US CA) PIMCO, Chairman of the board Vernon Wright resigned from the world's biggest bond fund.
goo.gl/UeQWm
2/22/12 (US CA) PIMCO board member Gregg Silver resigned from the world's biggest bond fund.
goo.gl/UeQWm
2/22/12 (HONG KONG) DZ BANK project finance head Tim Meaney quits
http://goo.gl/ppKno
2/22/12 (SINGAPORE) Macquarie International Infrastructure Fund's CEO John Stuart to resign
http://goo.gl/ji7Q4
2/22/12 (USA NY) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire
http://goo.gl/x4Zsr
2/22/12 (UK) UBS AG’s (UBSN) Doug McCutcheon, head of Healthcare Banking in Europe, Middle East, Africa and Asia-Pacific region, has left Switzerland’s biggest bank after 25 years at the firm.
http://goo.gl/Dnxqh
2/23/12 (UK) Goldman Sachs Nordic M&A banker Luca Ferrari has decided to retire from the firm, clients included the largest telecommunications operator in Spain the Spanish telecommunications.
http://goo.gl/qmCh3
2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank
http://goo.gl/DTL5S
2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns.
http://goo.gl/KoEUI
2/24/12 (GUERNSEY) Spearpoint Limited (SPL) Investment Funds, director Mike Kirby resigns for business reasons.
http://goo.gl/9stPB
2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns
http://goo.gl/5eUqU
2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns
http://goo.gl/JIC9A
2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns
http://goo.gl/6UJau
2/24/12 (USA NY) Evercore Partners Head Eduardo Mestre steps down
http://goo.gl/n5RLY
2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits
http://goo.gl/nMTLW
2/25/12 (DENMARK) European Investment Bank (EIB), Mr Sigmund Lubanski, of the Kingdom of Denmark tendered his resignation.
http://goo.gl/y4XXF
2/25/2012 (LUXEMBOURG) European Investment Bank, director of the Board Sigmund Lubanski resigns
goo.gl/hA9Vu
2/27/12 (GERMANY) Deutsche Bank Americas chief Seth Waugh steps down
http://goo.gl/8lxSw
2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits
http://goo.gl/yKjzL
2/27/12 (BAHRAIN) - Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns
http://goo.gl/hhHSm
2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down
http://goo.gl/IJ5Lw
2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
http://goo.gl/eVCS5
2/27/12 (GERMANY) Equiduct chairman Artur Fischer steps down
http://goo.gl/Q0dWR
2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza Khaavari Resigns - Flees to Canada!
http://goo.gl/DDEUk
2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns
http://goo.gl/ZD0mc
2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down
http://goo.gl/dsXcE
2/27/12 (SINGAPORE) Standard Chartered Bank, global head of repo and collateralised financing Tanweer Khan resigned.
http://goo.gl/hgbuc
2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits
http://goo.gl/Uo800
2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits
http://goo.gl/26MYq
2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons
http://goo.gl/NDJze
2/28/12 (HONG KONG) Bank of America's Asia-Pac. mrkts Brian Canniffe quits
http://goo.gl/cRkCP
2/28/12 (BELGIUM) KBC's CEO Jan Vanhevel is to retire after a career spanning 41 years.
http://goo.gl/1rCWd
2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits
http://goo.gl/HIYXv
2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
http://goo.gl/ggPvq
2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires
http://goo.gl/YxvNA
2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns
http://goo.gl/F0UgN
2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not available for a new mandate
http://goo.gl/7aLRU
2/28/12 (UK) Bank of England Sir David Lees re-appointed Chair of Bank of England and gives notice of resignation at end of 2013
http://goo.gl/LkJhV
2/28/12 (IRELAND) State Street Global Advisors Cash Funds plc Director Keith Walsh resigns
http://goo.gl/n6uoM
2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down
http://goo.gl/Jh9jd
2/29/12 (UK) Honister Capital CEO Richard Pearson steps down
http://goo.gl/014or
2/29/12 (GUYANA) National Investment and Commercial Investments Ltd. (NICIL), Executive Director Winston Brassington resigns, “We feel that (Winston) Brassington knows everything…A to Z about all the transactions,” said Chairman of the Alliance for Change (AFC), Khemraj Ramjattan, as he sounded a warning that controversial figure could be subpoenaed to appear before the Parliamentary Economic Sector Committee.
http:// goo.gl/L7I35
3/01/12 (MALAYSIA) RHB Bank Bhd deputy managing director Renzo Viegas quits
http://goo.gl/wACrI
3/01/12 (ITALY) Italian Banking Association Chairman Giuseppe Mussari talks to reporters in Rome after he and seven other executives offered to resign in protest over new banking-fee rules included in the government's legislation on boosting competition.
http://goo.gl/3llyT
3/01/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits
http://goo.gl/nA8g9
3/01/12 (USA NY) PineBridge Investments said Win Neuger has resigned as chief executive. Neuger helped build AIG's third party asset management business, PineBridge still manages AIG assets
http://goo.gl/SI7kT
3/01/12 (SINGAPORE) UBS Singapore - James Tulley is leaving Switzerland’s largest bank, it is not clear where he is going.
http://goo.gl/BGugF
3/01/12 (USA NH) Piscataqua Savings Bank CEO Jay Gibson retires
http://goo.gl/uEqDV
3/01/12 (ICELAND) Iceland’s Financial Supervisory Authority (FSA) fired its director Gunnar Andersen
http://goo.gl/VG9q5
3/01/12 (USA OR) Oregon Public Employees Retirement Fund (OPERF) senior RE officer Brad Child will retire
http://goo.gl/vcERz
3/02/12 (USA NC) North Carolina Retirement Systems, Chief investment officer Shawn Wischmeier resigned.
http://goo.gl/zx2tU
3/02/12 (CHINA) China Construction Bank Corp, assistant general manager and head of corporate banking Mickey Mehta quits
http://goo.gl/B9dR0
3/02/12 (USA NY) Deutsche Bank Student Loan CEOJohn Hupalo quits to start student loan counseling firm.
http://goo.gl/8kZuc
3/02/12 (UK) Bank of England Sir Mervin King resigns in June, Lord Sassoon tipped as replacement.
http://goo.gl/ZEUwf
3/02/12 (BOTSWANA) Barclays Bank Botswana managing director Wilfred Mpai forced to resign
http://goo.gl/npBe2
3/02/12 (HONG KONG) New Century Group Hong Kong Ltd [investment house and leisure group] Wilson Ng resigns
http://goo.gl/wFSV8
3/02/12 (USA NY) Citigroup Richard Parsons to step down as chairman
http://goo.gl/BhZ0F
3/03/12 (AUSTRIA) Volksbank AG (VBAG) The contract of CEO Gerald Wenzel will not be extended
http://goo.gl/w99tD
3/03/12 (ETHIOPIA) Dashen Bank’s board dismisses president Leulseged Teferi
http://goo.gl/Y801M
3/03/12 (RUSSIA) Enza Capital KK, Wealthy British banker Philip Townsend (Baron Townsend of Rathmore) and his wife killed at Estonia holiday home ⑆44541444⑈
http://goo.gl/GSOUN and http://goo.gl/x94ID and http://goo.gl/gGgLP
3/04/12 (KOREA) Hana Financial Group Inc, prominent figure in the history of South Korean finance Kim Seung-yu , resigns
http://goo.gl/fmNxY
3/04/12 (USA NY) JP Morgan prop trading chief Mike Stewart quits
http://goo.gl/gubPj
3/05/12 (SAUDI ARABIA) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned
http://goo.gl/pNx0l
3/5/12 (UK) Jupiter fund co-manager Tony Nutt steps down
http://goo.gl/RPqOp
3/05/12 (UK) Jupiter fund co-manager John Hamilton steps down
http://goo.gl/RPqOp
3/05/12 (NEW ZEALAND) Insured Group Bill Jeffries has resigned as chairman and director
http://goo.gl/gX7wu
3/05/12 (USA) Reliance Bancshares chairman Patrick Gideon resigned
http://goo.gl/u6BT4
3/05/12 (UK) Charterhouse partner Gordon Bonnyman is stepping down.
http://goo.gl/iAEYB
3/05/12 (UK) HgCapital, partner Lindsay Dibden is leaving after 20 years.
http://goo.gl/iAEYB
3/06/12 (FRANCE) Blackstone Group's Paris office leader Jean-Michel Steg will step down
http://goo.gl/w3Ca5
3/06/12 (JAMAICA) Jamaica Money Market Brokers Limited, Patricia Sutherland has resigned as Executive Director
http://goo.gl/oMwv6
3/06/12 (JAMAICA) Jamaica’s Financial Services Commission (FSC), Executive director Rohan Barnett, has resigned the position, the Ministry of Finance, Planning and the Public Service announced this afternoon.
http://goo.gl/FBwFo
3/06/12 USA CT) Wells Fargo & Co. said that Mackey McDonald, one of the last remaining directors from Wachovia is retiring.
http://goo.gl/F1O4v
3/06/12 (USA PA) USA Technologies Inc Bradley M. Tirpak, a nominee of Shareholder Advocates for Value Enhancement,has resigned from its board subsequent to a settlement agreement with the investing group, according to an SEC filing. Provides a network of wireless non-cash transactions, associated financial/network services and energy management. It provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries.
http://goo.gl/8oi7C
3/06/12 (UK) Sterling Green Group has announced that Philip Kanas, a non-executive director, has decided to resign
Sterling Green Group PLC became a cash shell following the disposal of their subsidiaries Taxdebts Ltd, Sterling Green (Mortgages) Ltd and the back books of the clients of Sterling Green Ltd. during December 2011.
http://goo.gl/qc3jB
3/06/12 (UK) Aberdeen Asset Management, non-executive director Gerhard Fusenig has resigned from the board.
http://goo.gl/ZIkvQ
3/07/12 (GERMANY) Deutsche Bank AG's (DB) Chief Risk Officer Hugo Baenzigeri to resign
http://goo.gl/MWqsH
3/07/12 (GERMANY) Deutsche Bank AG's (DB) Chief Operating Officer Hermann-Josef Lamberti to resign
http://goo.gl/MWqsH
3/07/12 (UNITED ARAB EMIRATES) Dubai Mercantile Exchange announced Thomas Leaver will step down as CEO
http://goo.gl/rfhWN
3/07/12 (SCOTLAND) Macfarlane Group Chairman Archie Hunter to step down after 8 years of service
http://goo.gl/RHllr
3/07/12 (USA) BlackRock Emerging Markets Fund co-head Daniel Tubbs, has left the group to pursue other opportunities.
http://goo.gl/CpEzZ
3/07/12 (UK) Goldman Sachs (GSI) Christopher French resigns from board
http://goo.gl/3yQDS
3/07/12 (UK) Goldman Sachs (GSI) David Wildermuth resigns from board
http://goo.gl/3yQDS
3/07/12 (UK) Goldman Sachs (GSI) Matthew Westerman resigns from board
http://goo.gl/3yQDS
3/07/12 (UK) Goldman Sachs (GSI) co-head of global mergers and acquisitions Yoel Zaoui resigns
http://goo.gl/3yQDS
3/07/12 (UK) Goldman Sachs (GSI) Phil Beatty resigned as head of European power and natural-gas trading
http://goo.gl/jqbYY
3/07/12 (SINGAPORE) Nikko Asset Management Timothy McCarthy is retiring as chairman and CEO at the end of the month
http://goo.gl/v8tcT
3/07/12 (HONG KONG) UBS Senior Asia Economist Jonathan Anderson Departs
http://goo.gl/09VqT
3/07/12 (HAITI) FORMER DIRECTOR HAITI CENTRAL BANK SLAIN! ⑆44541444⑈
http://goo.gl/UtVz3
3/07/12 (FRANCE) Société Générale Private Banking, Daniel Truchi is to step down as head of Société Générale Private Banking
http://goo.gl/XhgJ9
3/07/12 (AUSTRALIA) Customers Ltd, Tim Wildash has cashed himself out as chief executive of Australia’s largest ATM operator
http://goo.gl/eZJMb
3/07/12 (USA CA) CALSTRS, Pascal Villiger, senior private equity portfolio manager at the $145 billion California State Teachers’ Retirement System resigns
http://goo.gl/ub0ke
3/07/12 (USA) Astaire quits Bank of America Merrill to dance to Barclays Capital’s tune
http://goo.gl/Zv6Ny
3/08/12 (UK) Schroders, Chairman Michael Miles depart as fees, inflows drop. UK's biggest fund management firm.
goo.gl/TgURM
3/08/12 (USA NY) Schroders, CIO Alan Brown is steps down
http://goo.gl/ZTtYo
3/08/12 (USA IL) CBOE Executive Patrick Fay Put on Leave Amid SEC Probe
http://goo.gl/x5snO
3/08/12 (USA NH & RI) Bristol County Savings Bank president E. Dennis Kelly retires after 35 years
http://goo.gl/8KVKn
3/08/12 (GERMANY) Clearstream Banking AG – Katja Rosenkranz To Leave Deutsche Börse Group [stockmarket]
http://goo.gl/RiVNi
3/08/12 (UK) B&CE CEO Brian Griffiths is to retire later this year
http://goo.gl/AV7Sk
3/08/12 (UK) Invesco Trimark Ltd, portfolio manager Dana Love has resigned.
http://goo.gl/MyQ90
3/08/12 (ISRAEL) Bank of Israel Governor Stanley Fischer will hand in his shock resignation in the coming days and take up a new position as head of the Bank of Zambia. Finance Minister Yuval Steinitz is believed to be furious with Fischer's decision. Treasury officials said he even canceled his participation in the office's annual Purim party in order to convince Fischer to reverse his decision.
http://goo.gl/0DlSA
3/08/12 (SOUTH AFRICA) Standard Bank Group Limited (SBK), board member Sir Paul Judge retires.
http://goo.gl/SjSPg
3/08/12 (SOUTH AFRICA) Standard Bank Groupl Limited (SBK), board member Sir Sam Jonah retires.
http://goo.gl/SjSPg
3/09/12 (MONGOLIA) Mongol Bank President Alag Batsukh submitted his resignation letter to Speaker of Parliament D. Demberel at the end of last month. He described his reason for resigning as a lack of support by Parliament.
http://goo.gl/RDmNx
3/09/12 (MONGOLIA) Asia Pacific Securities, General Manager Narantuguldur Saijrakh recently resigned, to focus on his role as Director of Khan Investment Management, investment advisor to the Khan Mongolia Equity Fund - the first open-ended investment vehicle with monthly dealing that invests in Mongolia related equities listed both domestically and internationally.
http://goo.gl/2T4R6
3/09/12 (Côte d’Ivoire) Banque Central des Etats d’Afrique de l’Ouest (BCEAO) The Ivorian governor of the multi-billion dollar West Africa Francophone bank, Philippe-Henry Dacoury-Tabley, resigned his post.
http://goo.gl/CevLn
3/09/12 (UK) Lazard , co-head of investment banking Alexis de Rosnay quits. De Rosnay specialises in the healthcare sector, he has advised Teva Pharmaceutical and Novartis.
http://goo.gl/3gzbi
3/09/12 (UK) Deutsche Bank PWM, UK head of portfolio management Martyn Surguy resigned.
http://goo.gl/5Ti2p
3/09/12 (UK) Deutsche Bank PWM, head of discretionary management, Kypros Charalambous, having also stepped down.
http://goo.gl/5Ti2p
3/09/12 (HONG KONG) Bank of America Merrill Lynch, K.J. Kim, responsible for Southeast Asia, resigned
http://goo.gl/sE7xh
3/09/12 (HONG KONG) Bank of America Merrill Lynch, Jimmy Choi, who was in charge of high-yield debt, resigned.
http://goo.gl/sE7xh
3/09/12 (HONG KONG) Bank of America Merrill Lynch, Leonard Ng, a vice-president in Hong Kong resigned.
http://goo.gl/sE7xh
3/09/12 (AUSTRALIA) Bank of Queensland CFO Ram Kangatharan plans to leave the bank.
http://goo.gl/ieNea
3/09/12 (USA) Cerberus Capital Management LP, CEO Robert Nardelli resigns.
http://goo.gl/9uKVx
3/10/12 (AUSTRALIA) WESTPAC, Rob Chapman opted to quit running its regional subsidiary St George Bank.
http://goo.gl/G6MD
3/10/12 (TURKEY) Garanti Bank, The deputy CEO of Turkish lender Tolga Egemen, has decided to quit.
http://goo.gl/vAMzV
3/10/12 (CHINA) Korea Development Bank, Shanghai unit senior manager Stella Wen resigned.
http://goo.gl/55CqZ
3/10/12 (HONG KONG) Deutsche Bank, Johan Sudiman resigns as director.
http://goo.gl/6CYGP
3/12/12 (USA) John Lewis Partnership Pension Trust, head of investments Andrew Chapman, resigns
http://goo.gl/hevqh
3/12/12 (USA CA) California’s Department of Financial Institutions, commissioner William Haraf resigned. The DFI did not say why he is leaving.
http://goo.gl/zquTc
3/12/12 (KUWAIT) Gulf Bank, Chairman Ali Rashaid Al Bader quits
http://goo.gl/LDz9b
3/12/12 (UK and IRELAND) Allfunds Bank, head of UK and Ireland Alan Gadd is stepping down from his role at the end of April.
http://goo.gl/4DF6i
3/12/12 (USA) ICAP, CEO of the electronic broking business David Rutter step down following a restructuring of the business.
http://goo.gl/SUHqW
3/12/12 (UK) SVG Capital, chairman Nicholas Ferguson resigns. His departure left him well placed to succeed James Murdoch as chairman of BSkyB should the latter bow to investor pressure and step down. Other investors in the satellite broadcaster suggested Ferguson might be seen as too close to Murdoch to win the support of institutional shareholders.
http://goo.gl/z19wH
3/12/12 (UK) Park Hill Group - Blackstone Group’s fundraising advisory arm, Managing Partner of private equity and hedge fund distribution Chris Leach resigns
http://goo.gl/jnHax
3/12/12 (UK) Park Hill Group - Blackstone Group’s fundraising advisory arm, Managing Partner Justin Bower resigns
http://goo.gl/jnHax
3/12/12 (UK) The chief executive David Rutter of the electronic broking business at interdealer broker Icap stepping down.
http://goo.gl/sxk4y
3/12/12 (SOUTH AFRICA) The Development Bank of Southern Africa (DBSA), CEO Paul Baloyi resigns.
http://goo.gl/yX4xo
3/12/12 (USA) Lehman Brothers Holdings Inc, CEO Bryan Marsal Resigns Title, Remains on as Adviser
http://goo.gl/1K9zV
3/12/12 (USA IL) CME Group Inc, CEO Craig Donohues will step down at year end.
http://goo.gl/lvzgC
3/13/12 (USA) Eaton Vance Corp, Treasurer and CFO Robert J. Whelan has stepped down.
http://goo.gl/oxmbL
3/12/12 (USA IL) CBOE Holdings Inc. (CBOE), senior compliance executive Patrick Fay has resigned. The options exchange being investigated by the Securities and Exchange Commission, Fay had been placed on leave after the SEC began investigating the options-market operator’s oversight of traders.
http://goo.gl/gj4W6
3/13/12 (USA) Mithras Investment Trust, chairman Mike Wooderson will step down
http://goo.gl/UjO2e
3/13/12 (USA) PHH Mortgage, President Luke Hayden resigned from to pursue what the company calls "other interests." http://goo.gl/iaqQf
3/13/12 (USA) PHH Mortgage, Treasurer Mark Johnson.resigned
http://goo.gl/iaqQf
3/13/12 (AUSTRALIA) WESTPAC, head of corporate affairs after David Bell decided to step down from the role. Bell is the latest top executive to leave the bank.
http://goo.gl/FntUz
3/13/12 (UK) Capula’s Systemic Trading Head Qiang Dai to Leave Fund
http://goo.gl/zkrN2
3/13/12 (UAE) National Bank of Abu Dhabi, CEO Michael Tomalin, will retire from the post in a few months.
http://goo.gl/dzBW8
3/13/12 (ISRAEL) Osem Investments Ltd, CEO Gazi Kaplan has tendered his resignation, effective April 2, citing heath reasons. Nestlé SA owns 58.8% of Osem.
http://goo.gl/t032l
3/13/12 (USA) Paulson & Co.'s, partner and head of the global bank team Robert Lacoursiere has quit to form his own hedge fund
http://goo.gl/I8UNd
3/13/12 (AUSTRALIA) ASX Ltd, Chairman David Gonski will step down from his role at Australia’s main stock market operator after being appointed to oversee almost A$90 billion ($95 billion) in the nation’s sovereign-wealth funds.
http://goo.gl/gJN33
3/13/12 (UK) JP Morgan, Asset Management European chief Jamie Broderick is to step down more than 20 years at the firm.
http://goo.gl/MV65V
3/13/12 (UK) SVG Chairman Nicholas Ferguson retires.
http://goo.gl/hTDDY
3/13/12 (UK) SVG Director Edgar Koning retires.
http://goo.gl/hTDDY
3/13/12 (UK) SVG Director Denis Raeburn retires.
http://goo.gl/hTDDY
3/13/12 (UK) SVG Director Francis Finlay retires.
http://goo.gl/hTDDY
3/14/12 (UK) Goldmand Sachs, executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa, Greg Smith, is resigning today.
http://americankabuki.blogspot.com/2012/03/why-i-am-leaving-goldman-sachs.html
3/14/12 (SOUTH AFRICA) ABSA chairman Garth Griffin to retire
http://goo.gl/Mhjb5
3/14/12 (UK) WorldSpreads, CEO Conor Foley resigns
http://goo.gl/GgT4z
3/15/12 (US WA) HomeStreet Bank, EVP and CFO David Hooston resigns
goo.gl/UUlc0
3/15/12 (DENMARK) Sparekassen Faaborg board member Steen Grønved Nielsen resigns
http://tinyurl.com/6rd3m74
3/15/12 (UK) RBC Capital Markets head of SSA syndicate desk Noel Williams resigns
http://tinyurl.com/7zcf4z8
3/15/12 (UK) Novia London sales manager Dave Chassell quits
http://tinyurl.com/7gx6sn2
3/15/12 (US CA) Prosper Finance (online venture captial services) CEO Chris Larsen steps down
http://tinyurl.com/6lhu8xx
3/15/12 (UK) The Royal British Legion’s (fund) director of corp. communications Stuart Gendall resigns
http://tinyurl.com/7bhtysl
3/15/12 (IRELAND) President of Sinn Fein USA (fund) Larry Downes steps down
http://tinyurl.com/7uqnwcg
3/16/12 (AUSTRALIA) Investorfirst CFO and company secretary Ariel Sivikofsky resigns
http://tinyurl.com/7jdshty
3/16/12 (MALAYSIA) Amanah Raya Bhd (trust) managing director Datuk Ahmad Rodzi Pawanteh steps down
http://tinyurl.com/7wbujpm
3/16/12 (UK) Towry (investment & fin. advice) Non-exec chairman Glyn Jones steps down
http://tinyurl.com/83g3y8b
3/16/12 (GERMANY) Deutsche Bank Chief risk officer (CRO)of Hugo Bänziger steps down
http://tinyurl.com/7pmal9k
3/16/12 (US IL) Henderson Global Investors Inc. head of the International Opportunities Fund Iain Clark steps down
http://tinyurl.com/7kfxz3j
3/16/12 (US CA) Executive VP and Chief Compliance Officer of Heritage Bank of Commerce Margaret Incandela resigns
http://tinyurl.com/6wcaqaz
3/16/12 (US VA) Genworth Financial board member J. Robert Kerrey resigns to campaign for senate seat
http://tinyurl.com/7566f74
3/16/12 (UK) CEO of the FSA (Financial Services Authority) Hector Sants to leave
http://tinyurl.com/7av7v5n>
3/19/12 (US IA) ISU Foundation (fund), President and CEO of the Dan Saftig to step down
http://tinyurl.com/7jvb24x
3/19/12 (BRAZIL) HSBC Brazil CEO Conrado Engel steps down
http://tinyurl.com/89uayoo
3/19/12 (UAE) Finance head at SNR Denton Islamic Sheikh Muddassir Siddiqui resignsto pursue advisory role
http://tinyurl.com/84avxch
3/19/12 (SWITZERLAND) Julius Baer bank’s chairman Raymond Baer steps down in a “surprise departure”
http://tinyurl.com/84gcl3z
3/19/12 (GERMANY) Deutsche Bank, asset management chief Kevin Parker to leave executive committee
http://goo.gl/ahZlJ
3/19/12 (GERMANY) Deutsche Bank, head of private wealth management Pierre de Weck resigns from executive committee
http://goo.gl/wRZkU
3/19/12 (HONG KONG) China Development Bank HK branch CEO Di Weiping retires
http://tinyurl.com/7xcskmp
3/19/12 (US ID) SunTrust Bank president and CEO Thomas Rueger to retire
http://tinyurl.com/7n2l6sr
3/19/12 (SWEDEN) AP6 (private equity) CEO Marianne Dicander Alexandersson steps down
http://tinyurl.com/7bnvygp
3/19/12 (SWITZERLAND) FINMA (Swiss Financial Market Supervisory Authority) Vice-chair Monica Mächler to step down
http://tinyurl.com/7r9akho
3/20/12 (KUWAIT) National Investments Co. chairman Yousef Al Majid resigns
http://tinyurl.com/7maw3xx
3/20/12 (UK) Bank of America, Co-head of distressed debt at Michael Guy resigns
http://tinyurl.com/75eml6v
3/20/12 (US PA) Penseco Financial Services Corp, Former state senator Robert J. Mellow resigns from board
http://tinyurl.com/6rxqeo9
3/20/12 (US TX) Acquisition chief Dan Magder quits Lone Star Investments
http://tinyurl.com/6qm2rj4
3/20/12 (NIGERIA) Chairman of House Committee on Capital Markets Hon. Herman Hembe resigns due to allegations of bribery
http://tinyurl.com/7r6dk54
3/20/12 (Hong Kong) Head of Deutsche Bank Asia-Pac Loh Boon Chye quits
http://tinyurl.com/6muckmq
3/20/12 (US NY) Deutsche Bank, head of asset management Kevin Parker steps down from executive committee
goo.gl/4NO66
3/20/12 (GERMANY) Deutsche Bank, Chairman and CEO Josef Ackermann exits with pension of €18.7 million
http://goo.gl/eiF39
3/20/12 (UK) Coller Capital, CEO Charles Hippsley has left to help lead a Christian organisation in London.
http://goo.gl/rVFz0
3/21/12 (GERMANY) Deutsche Bank AG, Co-head Wolfgang Hammes leaves
http://tinyurl.com/74ks8jk
3/21/12 (UK) Aviva Investor’s European equity head John Botham exits
http://tinyurl.com/7qwlc26
3/21/12 (CANADA) National Bank’s Ontaria, Atlantic region manager Mike Miller leaves
http://tinyurl.com/7kq4bdp
3/21/12 (UK) Royal Bank of Scotland Group’s global head of equity prime services Gregory Wagner resigns
http://tinyurl.com/6vz8f8k
3/21/12 (US DC) Liquidity Services Inc, Chief information officer Eric Dean resigns
http://tinyurl.com/7v2c4ku
3/22/12 (UK) Global equity head Neil Rogan resigns from Henderson Global Investors
http://tinyurl.com/7v2c4ku
3/22/12 (NETHERLANDS) CIO at Nedlloyd Pension Fund Bert Tibben step down
http://goo.gl/NHE94
3/22/12 (UK) Bank of America Corp, chairman of global banking and markets, Andrea Orcel steps down, goes to UBS
http://goo.gl/AVXL2
3/22/12 (UK) Bank of America Corp, Jonathan Moulds steps down, helped build the bank’s over-the-counter derivatives trading business and held positions including global head of rate derivatives trading, head of global derivatives and head of global rates and commodities.
http://goo.gl/AVXL2
3/25/12 (EGYPT) National Bank of Egypt, CEO Tarek Amer said that he will step down from his position at the end of 2012.
http://goo.gl/tC7Ma

█▓▒░ End of list as of 3/15/12 ░▒▓█
Addendum:
It is not known under what circumstances these individuals have left their positions, I make no judgement on that. I find the timing of so many resignations extremely curious and a temporal marker in history of high significance. No one should assume I make any judgement about the character of these people. I frankly don't know their reputations except for a few rather famous ones.
This list includes Banks, Investment Houses, Sovereign Wealth Funds, Equity Funds, Savings Retirement Funds and other shadow banking organizations. The line is very blurry between these entities, some are owned by banks some are banks, some invest in banks as well as owning entire industries (common in Hong Kong and Japan).

Sabrina

26th March 2012, 20:48

http://eclinik.wordpress.com/vital-issues/ben-fulford/over-200-senior-bankers-arrested-last-week-as-new-financial-system-goes-online/

Over 200 senior bankers arrested last week as new financial system goes online
Posted by Benjamin Fulford
March 26, 2012
The new financial system is online now and abundant financing is either already or soon to be made available, according to dragon family representatives. The final take down of the criminal cabal has also begun in earnest with over 200 senior bankers arrested and 450 resigned last week alone, these sources say. Japan is also now doing the final paperwork needed to set up an international economic planning agency with an initial funding facility of $10 trillion or about 200 times what the World Bank lends every year, according to Japanese government sources. There will be some sort of announcement about this and other things on Tuesday evening, March 27th, 2012 Japan Standard Time according to illuminati and White Dragon Society sources. The arrest of some very high profile individuals is imminent.

The general structure of the financial cabal and its top leaders has also now been mapped to some extent. For example, the Rothschild family dynasty leaders have been identified. The Swiss branch of the family is run by David de Rothschild in Geneva, the French branch by Guy de Rothschild, the German branch by Rothschild family member and Hitler daughter Angelina Merkel and the British branch by Evelyn de Rothschild.

In the US, JP Morgan is a Rothschild front.

The Rockefeller family syndicate uses Goldman Sachs and Citibank as its major financial fronts. Bank of America is a front for the Italian black nobility behind the Vatican and the mafia, run in part by Peter Hans Kolvenbach, the former black pope. Pope malevolent the 16th is also a senior member of this satanic group.

The Nazi faction is run by Fuhrer George Bush Senior with Ben Bernanke acting as Deputy Fuhrer. Their chemical and pharmaceutical mass murder division is run by the Du Pont family.

The Bill and Melinda Gates foundation is now in Africa forcing families at gunpoint to accept the sterilization by vaccine of their daughters. In North America, Japan and elsewhere the mass sterilization by vaccine is taking place under the guise of protecting girls against cervical cancer. Message to Bill Gates: your company and foundation are going to be confiscated and you are going to spend the rest of your life making restitution.

The United States government has been so compromised by these and other cabal families and their foundation fronts that the upcoming US Presidential “election,” is nothing more than a power struggle between the Chicago mob and their front man Mitt Romney versus the Bush Texas illegal drug mafia and their guy Jeb Bush.

Hopefully the new financial system, once it is fully implemented, will pull the plug on the entire farcical show and Americans will be able to choose their own leaders based on true information provided by free media. For now though, electronically rigged elections and corporate propaganda provide sham democracy for dumbed down and drugged up Americans.

However, a look at the pentagon budget for this upcoming year shows they have dedicated plenty of resources to financing reserve troop units inside the United States. This does not mean they are preparing to put average Americans into FEMA camps as feared by many. To the contrary, they are preparing for a mass round up of cabal agents and proxies, according to pentagon and CIA sources.

There was a clear indication of change on March 20th, when instead of having the cabal scheduled earthquake hit Tokyo, a magnitude 7.4 earthquake hit Oaxaca, Mexico exactly when President Obama’s daughter was vacationing there. Furthermore, this earthquake was advertised in advance through pamphlets distributed locally. This is a clear sign the bad guys no longer play the HAARP.

Another sign of change was the public rebuke of Obama, Clinton and cabal controlled media outlets when the official Chinese government news site, Xinhua stated that North Korea was not on the agenda of the 50 nation nuclear security summit taking place in Soeul, Korea this week. The cabal propaganda media has been carrying a fake story about nuclear danger from North Korea even though that country has already announced it will cease nuclear weapons development.

The secret agenda behind this 50 nation summit is an attempt to steal 200 tons of gold that is in South Korean warehouses. That theft is not going to be allowed to go ahead so the cabalists will leave the summit empty handed.

There was also plenty of speculation about a coup d’etat in China last week. All that happened was that a Maoist cabal agent Bo Xilai was removed from power after one of his henchmen was discovered taking instructions from the US consulate in Chongqing, according to MI6 sources. China is still on course for a stable and harmonious regime change-over later this year, according to White Dragon Society sources. The talk of a Maoist coup d’etat was wishful cabalist thinking fanned by cabalist media outlets.

Speaking about fake stories, the “White Hats” group on the internet, consisting of Bush agent Mike Cotrell and Hawaii resident Danny Gammage, has been spewing out laughable libel (such as this writer is a clone).

More damagingly, they managed to fool Lord Blackheath of the UK Upper House of Parliament with a fake story about $15 trillion that he raised in Parliamentary session. The House of Lords is now going to summon a White Dragon Society ally to testify about what is really going on in the financial wars.

The London financial district is headed for further purges and the talk is that Lord Sassoon is headed for a big fall. The investigation may even extend to the UK Royal family, European CIA sources say.

In Japan, meanwhile, the status quo is expected to remain on hold until the March 31st end of the fiscal year because of overwhelming workloads in the bureaucracy and the parliament. After March 31st, there will be concrete negotiations taking place involving the Finance Ministry, Bank of Japan, Prime Minister’s office and Royal Household Agency aimed at setting up a new international economic planning agency.

The Japanese self-defense forces and bureaucracy are also planning a major purge of cabalist puppets in the Japanese Parliament, banks, corporations and media.

Overall, things are looking very good. However, unless we see these senior cabalists on world TV confessing to their crimes, we must not be complacent. Until this financial war is over, keep your powder dry and stay alert.

Sabrina

26th March 2012, 20:55

I'll wager, Sabrina, that you did not realize, when you set out to document these resignations, how much work you signed yourself up for :).

Thanks!

OMG they won't stop Paul... do you think there'll be a resignation break over the Easter holidays? And is the champagne flowing at the leaving parties, or are they scurrying down the bunkers with freeze dried food as their own bonuses...? :)

Sabrina

26th March 2012, 21:02

http://www.rte.ie/news/2012/0326/mahon.html
Ireland 26 March

Pádraig Flynn resigns from Fianna Fáil
FF has received a letter of resignation from former minister and EU Commissioner Pádraig Flynn.

Fianna Fáil has received a letter of resignation from former minister and EU Commissioner Pádraig Flynn.
Party leader Micheál Martin was due to propose a motion to expel him from the party at Friday's Ard Chomhairle on foot of the findings of the Mahon Tribunal.
Fianna Fáil also received correspondence from Bertie Ahern this morning, confirming his decision to resign from the party.
The Fianna Fáil national executive will consider motions calling for the expulsion of one serving and three former councillors on Friday.
Earlier, Fianna Fáil TD Éamon Ó Cuív said he could not understand why people were not formally charged with crimes if they were seen to be breaking the law.

http://www.irishtimes.com/newspaper/frontpage/2012/0326/1224313896127.html

MORE RESIGNATIONS are expected from Fianna Fáil after the voluntary departure of former taoiseach Bertie Ahern and councillor John Hannon, who were facing expulsion following the publication of the planning tribunal’s final report.

The intentions of former European commissioner Pádraig Flynn of Fianna Fáil, who the tribunal found behaved corruptly, were unclear last night. A special meeting of the party’s national executive scheduled for Friday to expel Mr Flynn and three former councillors will proceed.

¤=[Post Update]=¤

http://www.cbc.ca/news/canada/story/2012/03/26/snc-lavalin-ceo-resigns.html

SNC-Lavalin CEO resigns amid probe
Change at top comes as Montreal company reports 52% drop in quarterly profits
CBC News Posted: Mar 26, 2012 Canada

Beleaguered engineering and construction giant SNC-Lavalin has confirmed it is co-operating with police agencies over allegations of improper payments.

The confirmation comes just hours after CEO Pierre Duhaime announced his resignation after an internal investigation revealed more than $50 million worth of unauthorized payments that breached the company's code of ethics.

The Montreal-based firm said Monday that Duhaime authorized payments totaling $56 million despite the objections of the company's chief financial officer.

Sabrina

26th March 2012, 21:08

http://www.sharenet.co.za/v3/sens_display.php?tdate=20120326173530&seq=4965

26 March

(Registration number 2006/007799/06)
Share code: OPT ISIN code: ZAE000144663
("Optimum Coal" or "the Company")
CHANGES TO BOARD OF DIRECTORS
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
The following independent non-executive directors and non-executive directors
have resigned from the board of Optimum Coal with immediate effect:
Mr RM Godsell as the Chairman and a non-executive director*;
Mr TI Borman as a non-executive director;
Mr DSC Dhlomo as a non-executive director*;
Mr PK Gain as a non-executive director;
Mr EO Monkoe as a non-executive director;
Dr M Kwini as a non-executive director; and
Ms LL Letlape as a non-executive director*.
*independent

¤=[Post Update]=¤

http://www.bbc.co.uk/sport/0/formula1/17509231

Williams announce resignation of chairman Adam Parr

By Andrew Benson
Chief F1 writer

Williams chairman Adam Parr has resigned and will leave the Formula 1 team at the end of the week.
Parr joined the team as chief executive officer in 2006 and was promoted to his current role four years later.
Team principal Sir Frank Williams said Parr, who will leave on Friday, was "seeking a better balance in his life".
The move is a major surprise. Earlier this month, Williams stepped down from the team's board of directors and cited Parr as his most likely successor.

Sabrina

26th March 2012, 21:18

26 Mar 2012 Resignation of Executive Director
26 March Hong Kong
SINO HAIJING HOLDINGS LIMITED

and

26/03/2012 : 17:00:01
RNG - Randgold & Exploration Company Limited - Resignation of director and

Posted Mon, 26 Mar 2012
RNG RNG RNG - Randgold & Exploration Company Limited - Resignation of director and member of the audit committee Randgold & Exploration Company Limited (Incorporated in the Republic of South Africa) (Registration number 1992/005642/06) Share code: RNG ISIN

¤=[Post Update]=¤

The Star Online 26 March

KUALA LUMPUR: Umno has accepted Tan Sri Abdul Kadir Sheikh Fadzir’s resignation from the party, secretary-general Datuk Seri Tengku Adnan Tengku Mansor said.

“The management committee has accepted his resignation,” he said after opening the first annual general meeting of the Welfare and Charity Organisation New India Malaysia at PWTC yesterday.

Kadir, a former minister, resigned last week after coming under fire for his comments on vote-buying by the party.

¤=[Post Update]=¤

http://www.igamingbusiness.com/content/boss-resigns-twinspirescom
26 March

American horseracing and casino operator Churchill Downs Incorporated has announced that Rohit Thukral has resigned as its Technology Initiatives Executive Vice-President and as President of its TwinSpires.com national advance-deposit wagering service in order to ‘pursue other opportunities’.

Louisville-based Churchill Downs stated that Thukral joined its ranks in December of 2006 and ‘played a major role in the success of’ its TwinSpires.com operation, which began operations in 2007, before subsequently spending two years with the advance-deposit wagering platform before assuming his most recent positions in May of 2009.

¤=[Post Update]=¤

JP convicted of fraud resigns

Monday, 26 March 2012, 12:50 pm
Press Release: New Zealand Government
Hon Chester Borrows
Associate Minister of Justice

26 March 2012
Media Statement
JP convicted of fraud resigns

Associate Justice Minister Chester Borrows today welcomed the resignation of Papamoa Justice of the Peace Martin Elliott.

“Justices of the Peace have always been people of high standing in our communities. The nature of their role means they must be people of unquestionable honesty and integrity,” says Mr Borrows.

¤=[Post Update]=¤

http://praguemonitor.com/2012/03/26/education-minister-dobeš-tenders-resignation-pm-neč

Education Minister Dobeš tenders resignation to PM Nečas
ČTK | 26 MARCH 2012
Prague, March 23 (CTK) - Czech Education Minister Josef Dobes (Public Affairs, VV) tendered his resignation to Prime Minister Petr Necas (Civic Democrats, ODS) Friday and he will leave the post at the end of March, officially because he disagrees with further cuts in the ministry's budget.

Dobes announced his resignation after a government meeting on Wednesday.

He told journalists that many things have not been completed at the ministry.

Sabrina

26th March 2012, 21:26

http://www.fifetoday.co.uk/news/adam-smith-principal-resigns-amidst-accusations-1-2197072

Published on Monday 26 March 2012 12:23 Scotland

The principal of Adam Smith College has resigned from his position with immediate effect.

A statement issued by Mark Goldsmith, chair of the Board of Governors of the college, said: “The Principal, Dr Craig Thomson, has decided to resign and retire with immediate effect. The Chair of the Board of Governors has accepted the resignation.

Ironic that it is the Adam Smith college :)....

¤=[Post Update]=¤

Mass resignations at Racing Queensland

26 MAR 2012 | RACING QUEENSLAND LTD The following senior executives of Racing Queensland Limited (RQL) on Monday tendered their resignations to the board of RQL, Mr Malcolm Tuttle (CEO), Mr Jamie Orchard (Director of Integrity Operations), Mr Paul Brennan (Director of Product Development) and Ms Shara Reid (Senior Corporate Counsel/Company Secretary).

RQL chairman Mr Bob Bentley said that it is with regret that the board accepts the resignations and the loss of these hardworking executives to the industry. “The executives have managed the industry through extremely difficult times with dedication and integrity and the loss of their corporate knowledge will be evident and sorely missed in the near future,” said Mr Bentley.

Sabrina

26th March 2012, 21:31

Poland
Bank Pekao SA
Resignation of Member of the Supervisory Board
RNS Number : 1122A
Bank Pekao SA
26 March 2012

UNOFFICIAL TRANSLATION

Report 11/2012: Resignation of Member of the Supervisory Board of Bank Pekao S.A.

The Management Board of Bank Polska Kasa Opieki Spółka Akcyjna ("Bank") informs that Ms Alicja Kornasiewicz, Chairwoman of the Supervisory Board of Bank Pekao S.A., resigned from positions held in the Supervisory Board as from the closing of the General Meeting of the Bank approving the financial statements of the Bank for 2011.

Sabrina

26th March 2012, 21:36

Humphrey resigns from Vitesse Media board
By BFN News | 09:57 AM | Monday 26 March, 2012

Vitesse Media PLC ORD 1P (VIS)

Vitesse Media confirms that Cathy Humphrey is resigning from the board with effect from today for family reasons. She will oversee production of the audited year end accounts and will remain with the Company until June 2012.

¤=[Post Update]=¤

New Zealand - 26 March

With the news of John Fabrin, CEO of Rhema Broadcasting Group (RBG), handing in his resignation, he shares a little about his personal history with RBG, why he's resigning, and where he's heading.

¤=[Post Update]=¤

March 26, 2012
Quinn: Arrested Illinois lawmaker should resign
The Associated Press
Illinois Gov. Pat Quinn says a lawmaker accused of bribery would "do himself a favor by resigning" before he's thrown out of office.

Quinn did not say Monday whether he will personally contact Rep. Derrick Smith and urge him to quit.

Smith, a Chicago Democrat, was arrested nearly two weeks ago on federal bribery charges.

Sabrina

26th March 2012, 21:41

http://www.kuna.net.kw/ArticleDetails.aspx?id=2229850&language=en

26 March

Italian Prime Minister says his government could resign if it fails to put through reforms.

Sabrina

26th March 2012, 21:44

The board of Directors (the “Board”) of Trony Solar Holdings Company Limited (the “Company”) announces that Mr. Heihu Li (“Mr. Li”) has resigned as Co-President of the Company with effect from 26 March 2012 due to his wish to spend more time pursuing his own business.
Hong Kong Stock Exchange

Sabrina

26th March 2012, 21:49

http://www.nytimes.com/2012/03/26/business/goldman-sachs-denies-claims-it-led-to-copper-rivers-demise.html?_r=1&ref=business#
26 March

Anger at Goldman Still Simmers

Just before the financial crisis began in September 2008, a prominent hedge fund appeared well positioned to take advantage of any turmoil in the markets. That fund, Copper River Partners, had made sizable bets months earlier against companies whose stocks it expected to suffer.

Marc Cohodes worked at his hedge fund for 25 years, and its short bets on the stock market in 2008 had seemed well positioned to profit.

Within weeks, however, Copper River, once a successful $1.5 billion hedge fund, was out of business, having unexpectedly absorbed losses on the very bets it thought would be profitable. While the market turmoil contributed to its problems, Marc Cohodes, head of Copper River, says that a significant force behind the failure was Goldman Sachs, which for years had been the firm’s broker.

Testifying recently in a lawsuit that is unrelated to Copper River’s closing, Mr. Cohodes maintained that actions taken in the fall of 2008 by Goldman in the handling of trades for Copper River had done irreparable damage to the fund. His testimony, which has not been made public, was obtained by The New York Times.

risveglio

26th March 2012, 21:51

http://www.kuna.net.kw/ArticleDetails.aspx?id=2229850&language=en

26 March

Italian Prime Minister says his government could resign if it fails to put through reforms.

I can not wait for the day I read the US government will resign.

Sabrina

26th March 2012, 21:53

http://www.huffingtonpost.co.uk/2012/03/26/coutts-queen-bank-financial-service-authority_n_1379157.html?ref=uk
26 March

Coutts Bank Fined £8.75m Over Money Laundering Failings

Coutts, the exclusive private bank used by the Queen, has been fined £8.75m for failing to protect against money laundering, by the Financial Services Authority.

The FSA fined Coutts & Company, after finding "significant, widespread and unacceptable" failures in standards.

Tracey McDermott, acting director of enforcement and financial crime, said: “Coutts’ failings were significant, widespread and unacceptable. Its conduct fell well below the standards we expect and the size of the financial penalty demonstrates how seriously we view its failures."

According to the review by the financial watchdog Coutts was not taking "reasonable care" to maintain controls against money laundering which meant the bank faced an "unacceptable risk" of "handling the proceeds of crime."

Franny

26th March 2012, 22:06

Superb job Sabrina! Iʻm really impressed with the amount of work it taken to do this as well as the shear number of resignations. Amazing...

Sabrina

26th March 2012, 22:19

Now this is a good new one from American Kabuki on banker arrests !

http://americankabuki.blogspot.co.uk/p/global-banker-arrests.html

This is a new list I've started on banker arrests. This is preliminary and not complete. This research in progress. If you know of any additional arrests please send use the URL to americankabuki@yahoo.com
WORLDWIDE LIST OF ARRESTED BANKERS
10/06/11 (HONG KONG) Deutsche Bank Asia, senior banker Yan Shen, 43, who headed the North Asia institutional clients group escaped a prison sentence Thursday after he was found in possession of a gun at Hong Kong's international airport. Yan Shen, was discovered carrying the unlicensed pistol and ammunition during a search of his baggage in the departure lounge of Chek Lap Kok Airport. The offence carries a maximum jail sentence of 14 years, but Shen was spared jail after the court heard he suffered a personality disorder and liked to collect things. Sentencing him to 240 hours of community service and a fine of 50,000 Hong Kong dollars (6,400 US dollars), the judge said he did not accept Yan's excuse that he was unaware it was illegal to possess firearms. However, the judge said he had decided not to jail Yan because prison might interfere wih treatment for his disorder.
http://goo.gl/66aO4
10/11/11 (NIGERIA) Nigeria’s secret police (SSS) Tuesday confirmed the arrest of three persons including a Lagos banker it said facilitated the October 01, 2010, Independence Day bombing in Abuja that killed several persons and injured many others. Media reports had earlier identified the banker as Nonso Nnaemeka, while one of the suspects was identified as Jessica David, aka Segun.
http://goo.gl/ZXeWO
11/01/11 (IRAN) Bank Melli, Mr. Khavari, a dual Iranian-Canadian citizen, left Iran in September as prosecutors there announced they wanted to question him in connection with a $2.6-billion embezzlement scandal that has led to the arrest of several bankers. Tehran also wants an international warrant for Mr. Khavari’s arrest. Canada has no extradition treaty with Iran. Mr. Khavari could be stripped of his Canadian citizenship. The banker’s continuing freedom and apparent wealth – he and his family own several Toronto properties – have angered Iranian diaspora groups. It’s unclear how he could become a Canadian citizen while working in Iran as an elite banker. Khavari is indicative of a much larger wave of people who have slipped into Canada. The Globe and Mail reported Monday that one of several brothers whose family business is at the heart of the Iranian embezzlement scandal moved to Montreal this past summer.
http://goo.gl/otcvi
11/07/11 (UAE - DUBAI) HSBC Analyst, Toby Carroll, Arrested In Dubai With Two Girlfriends For Extramarital Sex
http://goo.gl/7MkTX
11/23/11 (LITHUANIA) Snoras Bank and Latvijas Krajbanka Bank, Lithuania issues Arrest warrant for Russian banker and Portsmouth Football Club (UK) Owner Vladimir Antonov. Antonov, 36, owned 68 percent of Snoras before it was nationalized and had controlled Latvijas Krajbanka through a 60 percent stake owned by Snoras. Antonov is believed to spend most of his time in England, while Baranauskas, who held just over 25 percent in Snoras, is also abroad.100 million lats ($200 million) siphoned from the bank were used to increase its charter capital and finance Antonov's investment projects — including the failed attempt to buy out Saab.
http://goo.gl/nu5p5
11/23/11 (RUSSIA) Bank of Moscow, Russian prosecutors asked Interpol to issue an international arrest warrant for Bank of Moscow’s former Chief Executive Officer Andrei Borodin. Wanted for fraud in the misappropriation of government funds.
http://goo.gl/znvhC
11/23/11 (RUSSIA) Bank of Moscow, Russian prosecutors asked Interpol to issue an international arrest warrant for Bank of Moscow’s former vice president Dmitry Akulinin, a former vice president at the lender. Wanted for fraud in the misappropriation of government funds.
http://goo.gl/znvhC
12/01/11 (ICELAND) Glitnir Bank, Iceland's special prosecutor has taken Larus Welding, the former head of the failed Glitnir Bank, into custody, Reuters reports.
http://goo.gl/KqUN9
2/08/12 (CHINA) Yantai Bank, Chinese police arrest runaway banker Liu Weining, for embezzlement. Liu Weining, a branch head of Yantai Bank, was caught by police near a railway station in eastern city of Jinhua, Zhejiang Province, police said. Liu fled Yantai city in east Shandong Province at the end of January. Liu allegedly stole 436 million yuan (69.76 million U.S. dollars) worth of bank notes between April 2011 and January 2012. He reportedly had 290,000 yuan cash on him when caught.
http://goo.gl/MRnlX
2/14/12 (USA FL) Credit Suisse, Banker Christos Bagios, under U.S. house arrest for 60 more days in the U.S. state of Florida, as the man tries to resolve allegations of aiding U.S. clients in evading taxes. He has to wear a tracking device. Bagios was arrested in New York in January 2011 and accused in a criminal complaint of helping about 150 U.S. clients hide as much as $500 million from the tax-collecting IRS when he worked at UBS. Bagios is a Greek citizen and Swiss resident, and is accused of helping 150 clients evade taxes on about $500 million. Credit Suisse acknowledged last July that it had received a target letter from the U.S. Department of Justice notifying it that it was formally under criminal investigation for selling tax-evasion services to wealthy Americans. The bank has said it is cooperating with the investigation. Bagios was arrested in New York in January of last year but moved to a Florida housing development on $650,000 bond. He has to wear a tracking device.
http://goo.gl/hRlAq
2/16/12 (UK) BTA bank, UK court issues arrest warrant for Mukhtar Ablyazov, Kazakh billionaire accused of massive fraud Britain's High Court has issued an arrest warrant for Mukhtar Ablyazov, the Kazakh billionaire and former BTA bank chairman accused of committing one of the world’s biggest ever frauds.
http://goo.gl/75o7E
2/29/12 (SWITZERLAND) Hyposwiss Privatbank AG, Prosecutors in Switzerland say a man has been arrested on suspicion of stealing confidential customer data from a Swiss private bank. The Federal Prosecutor's office in Bern says the former contractor of Hyposwiss Privatbank AG was arrested Feb. 16 and remains in custody. Prosecutors say a criminal investigation was launched Jan. 19 after the unidentified man approached a law firm and offered to sell the confidential data. They declined to provide further information. Swiss daily Tages-Anzeiger reported Wednesday that the data partly concerned the account of a wealthy Russian businessman. Recent cases of stolen Swiss bank data being bought by foreign tax authorities have added to pressure on Switzerland to give up its strict banking secrecy rules. NOTE: This arrest appears to be an attack on a whistleblower by Swiss authorities!
http://goo.gl/XzaES
3/05/12 (RUSSIA) Vnesheconombank, Moscow City’s Tverskoi district court placed Anatoly Ballo, the Deputy CEO of the Russian development and foreign economic transactions bank Vnesheconombank, under house arrest. He is suspected of embezzling $14 million, a spokeswoman for the court said.
http://goo.gl/czZC4
3/12/12 (USA CT) Morgan Stanley, co-head of fixed-income capital markets William Bryan Jennings, was arrested and charged with second-degree assault, larceny and intimidation by bias or bigotry .
http://goo.gl/6VHu8
3/14/12 (NIGERIA) First Bank Plc, An Abuja High Court on Tuesday issued a warrant for the arrest of the Head of Operations, First Bank Plc, Ikorodu branch, Lagos, Mrs. Ayodele Omolayo. The ICPC maintained that NPC had, in compliance with the directive of the late President Umaru Yar’Adua, issued a cheque of N60m to the Office of the Accountant-General of the Federation as unspent funds for 2007. But upon the receipt of the cheque, the four accused persons paid it into a private account in Ikorodu, Lagos, and later withdrew the money at another bank in Victoria Island, Lagos. Others charged were officials of the Office of the Accountant-General of the Federation; Mr. Johnson Kolawole and Mr. Kola Ajala, a dispatch rider with Finbank Plc, Victoria Garden City branch, Lagos.
http://goo.gl/p4kNY
3/16/12 (CHINA) Standard Charter Bank, China has arrested Wu Yidian Eden, an employee of Standard Chartered Bank, as a probe into one of her clients. On March 6, the police detained Ms Wu, yet the latter has not been accused for committing any crime. A client of Ms Wu has been accused of escaping from China after robbing almost $50m (£32m) from the bank. Standard Chartered Bank announced the detention of Ms Wu but said no investigation has taken place yet.
http://goo.gl/Hxqxs
3/24/12 (RUSSIA) Vladimir Putin issues arrest warrant for George Soros.
http://goo.gl/BP4Rr
3/26/12 (UK) UBS, Trader Kweku Adoboli, 31, arrested on suspicion of a staggering £1.3billion fraud at UBS is believed to have blown the whistle on himself about the unauthorised deals.
http://goo.gl/WSrPd

brenie

26th March 2012, 22:43

Thanks for all the info: sabrina, I do hope you are correct.

Regards, Brenie.

foreverfan

26th March 2012, 23:26

Ben Fulford never fails to entertain. The games up. Ben has declared check mate.

Time to get ready... http://blogtalk.vo.llnwd.net/o23/show/2/929/show_2929745.mp3

http://sedition.com/img/b/h/bush-hitler.jpg

Earth Angel

27th March 2012, 03:49

again......not a banker but good to see......

Brazil Arrests 17 Chevron Oil Execs For “Environmental Crimes”
By Thom Hartmann|3/24/2012 5:25 PM

Brazil is going to great lengths to protect its commons.

Seventeen executives, including American citizens, working with Chevron and oil rig contractor Transocean, have been charged with crimes against the environment in Brazil after an oil spill off the coast poured about three thousand barrels of oil into Brazilian waters last November. If found guilty – the corporate executives could face up to 31 years in prison.

http://www.talkradionews.com/newscommentary/2012/03/24/brazil-arrests-17-chevron-oil-execs-for-environmental-crimes.html

Sabrina

27th March 2012, 06:58

http://www.independent.co.uk/news/media/press/scandal-spreads-to-murdoch-tv-empire-7586250.html
27 March
Scandal spreads to Murdoch TV empire
Allegations of corporate espionage in satellite broadcasting may attract unwanted attention from US authorities

Rupert Murdoch’s media empire has been dragged into allegations of corporate espionage in the lucrative satellite television market dominated by News Corp companies.

An Italian computer expert who is the prime suspect in a piracy ring on trial on Italy for the alleged targeting of pay-TV companies was working as a consultant for a News Corp subsidiary involved in the industry.

Documents obtained by The Independent show that Pasquale Caiazza was receiving regular payments from a bank account controlled by News International, Mr Murdoch’s British newspaper business.

The American Department of Justice is understood to be monitoring the Italian court proceedings as part of a wider review of evidence of potential wrongdoing within the News Corp empire.

The DoJ probe was triggered by Britain’s phone hacking scandal and could lead to Mr Murdoch and the News Corp board being formally investigated under US anti-corruption laws.

But problems facing Mr Murdoch’s vast conglomerate are now in danger of spreading beyond his UK newspaper interests to his vast television holdings.

Mr Caiazza, a Naples-based computer security expert, received nearly £12,000 in monthly instalments during 2003 and 2004 from a News International bank account in London. Using the hacking nickname “Linixone”, he is accused of pirating satellite TV encryption cards produced by Nagra France, a company which held a contract to supply the technology to Sky Italia, a News Corp company.

After the discovery of the hacking of Nagra France’s smart cards, Sky Italia’s then chief executive Tom Mockridge, who is now in charge of NI in London, ripped up a multi-year contract with the company. A new encryption card contract was then awarded by Sky Italia to NDS, another News Corp subsidiary which was employing Mr Caiazza as a consultant, it says, for intelligence on pirating against it.

NDS technology is used by 85 pay-TV broadcasters around the world, including Britain’s BSkyB, DirectTV in the US and Foxtel in Australia.

Neither NI, NDS nor Sky Italia are defendants in the Italian proceedings and all deny any wrongdoing. Indeed, because the piracy circle on trial in Sicily also targeted NDS smart cards, NDS and Sky Italia are listed as “injured parties”.

But Italian surveillance evidence leads to uncomfortable scrutiny of the Murdoch empire and its dealings with Mr Caiazza and the shady world of pay-TV hacking where satellite broadcasters spend heavily to ensure the technology protecting their encrypted channels is secure.

In 2003, Sky Italia, which had been formed a year earlier by the merger of two failing Italian pay-TV businesses, was dealing with a significant pirating problem. In the words of Mr Mockridge, who had been brought in from Australia by Mr Murdoch with a brief to turn $300m annual losses in Italy into profit within three years, both Telepiu and Stream, the two broadcasters merged to form Sky Italia, “had been extensively hacked”.

Mr Mockridge told the Wall Street Journal in October 2002 that one solution to the problem would be to change existing Telepiu and Stream technology to run encryption cards provided by NDS. There is no suggestion that he was aware of the activities of the alleged hackers.

Established by academics in Israel in 1988, NDS was acquired in 1992 by News Corp and has since grown into a global leader in satellite television access technology. Its headquarters is in Staines, west London.

It was announced last week that NDS is being sold to American computing giant Cisco in a $5bn deal which will net News Corp an estimated $1bn.

One of the targets given to Mr Mockridge when he arrived in Italy in the autumn of 2002 was to achieve five million Sky Italia subscribers by 2007. But the widespread use in Italy of pirated smart cards meant this was ambitious.

Nagra France had a long-standing contract inherited by Sky Italia to supply its latest encryption card, known as the Seca 2, which the broadcaster was obliged to honour. The continued integrity of Seca 2 was therefore crucial to Sky Italia’s plans for expansion.

Italian prosecutors have outlined evidence which shows that Mr Caiazza, a computer expert based in Naples, was in close contact with Davide Rossi, at the time the secretary general of a pan-European anti-piracy body known as AEPOC.

Mr Rossi, who was also recruited as a consultant by NDS to work with it in Italy, is one of Mr Caiazza’s co-defendants along with 24 others accused of involvement in smart card hacking in the Sicily piracy trial.

He is accused of providing support to the hackers which, in words of the Italian authorities, was carried out “in the exclusive interest of the company NDS which was operating in a competitive system on the Italian market by providing Caiazza with materials, money, credit and cover including with the judicial authorities and the police”.

Mr Rossi, who has strongly denied any wrongdoing and was involved in the framing of Italian anti-piracy laws now being used against him, insists that he was in touch with Mr Caiazza to gather information about the techniques used by hackers to ensure legal safeguards were effective and he was forwarding his evidence to the authorities.

But prosecutors in Italy suggest the relationship between the Murdoch empire and the alleged hackers was more complex.

In a court document seen by The Independent, Italian investigators said: “The interception activity, despite not providing unequivocal proof against Rossi, has however allowed us to gather evidence leading to the reasonable hypothesis that NDS, presumably, gave Caiazza, via its Italian consultant Rossi, access codes to transmission systems, codes which should have remained secret and were instead used by hackers to create a programme HACK V7.”

The document adds that HACK V7 was used to decode Seca 2 “with very serious financial and reputation losses caused to Nagra”.

Phone taps by the Italian police include a conversation in which Mr Rossi expressed concern that it would be thought that NDS had paid Mr Caiazza to conduct piracy against a rival once the computer hacker’s links to NDS were discovered by police.

On 7 December 2004, Mr Rossi, who pointed out that NDS had itself been hacked, said to the alleged hacker: “So it seems easy that the link will be made that NDS paid you to do the pirating against a rival.”

In response, Mr Caiazza said: “We must try to not let anyone find anything.”

In a subsequent conversation, Mr Caiazza complained that Len Withall, a former commander in the Metropolitan Police who was head of security in Europe for NDS, had stopped paying his expenses. Italian investigators cite these intercepted conversations in support of their presumptive case against Rossi and Caiazza.

Documents obtained by The Independent show that payments from NDS reached Mr Caiazza via an unusual route. On 17 December 2003, he was paid 1,000 euros (£836) from an account with the international division of HSBC at its headquarters in London’s Docklands. The account holder is recorded as “News International Limited”.

The payment was the first of 11 transfers, varying from 1,000 euros to 2,050 euro, from the same account made to Mr Caiazza until October 2004. One notice, issued by Mr Caiazza’s UniCredit Banca on 24 September 2004, records the reason for the deposit as: “NDS payment.”

NDS told The Independent that like most companies in the fight against pay-TV piracy, it used “industry contacts” to track and catch hackers and pirates. The company said this strategy was neither illegal nor unethical.

The company, which by 2003 was a sizable operation with at least 1,000 employees, an Italian office and its own London headquarters, confirmed a News International bank account was used to pay Mr Caiazza, saying it was “common practice” for sister companies such as NI to provide payroll services.

It added that the payments were made to Mr Caiazza “in return for intelligence against other pirates” and said it wholly refuted any allegation that either Mr Caiazza or Mr Rossi acted illegally on its behalf.

In a statement, NDS said: “NDS is a global leader in the fight against pay-TV piracy, having repeatedly and successfully assisted law enforcement in that important effort.

Like most companies in the conditional access industry - and many law enforcement agencies - NDS uses industry contacts to track and catch both hackers and pirates. This is neither illegal nor unethical. And, to ensure that all activity remains completely within legal bounds, NDS staff and their contacts operate under a clear code of conduct for operating undercover.

These allegations were the subject of a long-running court case in the United States. This concluded with NDS being totally vindicated of all piracy charges and its accuser having to pay almost $19m in costs. NDS is not a defendant in the ongoing legal action in Sicily. Indeed, the Italian court lists NDS as an injured party to the action.”

NI said last night that Mr Caiazza has never been one of its employees. A spokeswoman said: “These payments were made by NDS. News International provided payroll services for NDS, in line with common practice between sister companies. “

There is no suggestion that Mr Mockridge, who was transferred to London by Mr Murdoch last July to turn around NI following the departure of former chief executive Rebekah Brooks during the phone hacking scandal, had knowledge of the activities of the alleged hackers.

But in the same year as a fresh wave of piracy attacks on Seca 2 cards from January 2004 onwards, during which the hacking ringing is alleged to have obtained 40,000 of the smart cards from Sky Italia’s Milan headquarters, Mr Mockridge announced that the broadcaster was ending its Nagra France contract and moving uniquely to NDS.

Speaking in April 2004, Mr Mockridge said: “To ensure ongoing security of transmission and to achieve the efficiency and stability of a common software platform, it is necessary to use only a single encryption system and Sky [Italia] has chosen NDS to be its single encryption system in the future.”

NDS, which has 5,000 employees worldwide, is no stranger to lawsuits accusing it of targeting the smart card systems of its rivals. To date, it has faced four legal claims and, after spending an estimated £50m in lawyers’ fees, has successfully defended all of them.

In a statement, News Corp said: “We are proud to have worked with NDS whose industry-leading technology has transformed TV viewing for millions of people across the world and to have supported them in their aggressive fight against piracy and copyright infringement.”[COLOR="red"]
and

http://www.telegraph.co.uk/culture/tvandradio/9168531/News-Corp-firm-is-accused-of-sabotaging-rival.html

News Corp firm is accused of sabotaging rival
A company part-owned by News Corporation was complicit in the posting of hacked information on a website which led to the collapse of one of Rupert Murdoch’s main digital television rival in the UK, a BBC documentary has alleged....

Panorama has claimed that NDS, a subsidiary of News Corporation, hired a man who ran a piracy website and had him post codes which allowed viewers to watch ITV Digital channels for free.
The widespread availability of the codes led to the collapse of ITV Digital, previously ON Digital, killing Sky TV’s main rival in 2002 just four years after the venture was launched.
If proven the allegations will cause even greater damage to the reputation Rupert Murdoch’s empire, and could leave the company facing questions over whether it funded piracy.
If true the allegations would also cast fresh doubt on whether News Corporation meets the "fit and proper" test required to run a broadcaster in Britain.

Sabrina

27th March 2012, 07:10

http://www.telegraph.co.uk/news/politics/david-cameron/9168388/Cash-for-access-David-Camerons-private-dinners-for-donors-revealed.html
27 March UK

[B]
Cash for access: David Cameron's private dinners for donors revealed
David Cameron has been forced to admit that 15 donors who between them gave the Conservative Party £25million enjoyed secret dinners and lunches with him at Chequers and in Downing Street.

(includes bankers, hedge fund execs, traders etc....)

Sabrina

27th March 2012, 07:14

http://www.bbc.co.uk/news/world-europe-17518628
26 March

Dominique Strauss-Kahn on formal sex ring investigation

Mr Strauss-Kahn's questioning in Lille on Monday came as a surprise

Former International Monetary Fund boss Dominique Strauss-Kahn has been placed under formal investigation in France over alleged involvement in a prostitution ring.

The move could lead to formal charges.

He has admitted attending parties where the authorities believe prostitutes were provided by a gang, but denies knowing that they were prostitutes.

Last May, he resigned from the IMF after being accused of attempting to rape a hotel maid in New York.

Sabrina

27th March 2012, 07:23

Facebook Global Resignations site for 25-26 March resignations (I've posted info. on some already, but it gives a illustration of the extent of it all - Sab.)

Banking & Financing:(Week 13 {so far}: 8 resignations

3/26/12 (ASIA) J.P. Morgan Asia chief Gaby Abdelnour leaves to pursue ‘personal interests’
http://tinyurl.com/d5g775l

3/26/12 (INDIA) Real estate developer D B Realty CFO Vijay Sajjanhar resigns
http://tinyurl.com/col6ons

3/26/12 (USA) Newburgh Realtor Harold Kahn retires from boards of Empire State Bank and ES Bancshares
http://tinyurl.com/cfwkd59

3/26/12 (UK) Aviva (insurance) director of distribution Dean Lamble exits
http://tinyurl.com/c5w7lef

3/26/12 (SWITZERLAND) New Value AG (investment) whole Board of Directors resigns (3-4 people?)
http://tinyurl.com/dygkknd

3/26/12 (USA) PREIT (Pennsylvania Real Estate Investment Trust) chief executive Ronald Rubin steps down
http://tinyurl.com/bl9lnz3
Global Resignations Facebook site - resignations 25-26 March

(Week 12: 36 resignations)
FINANCE AND BANKING

3/25/12 (EGYPT) National Bank of Egypt, CEO Tarek Amer to step down at the end of 2012.
http://goo.gl/tC7Ma

GOVERNMENTS

(Week 13 {so far}: 5 resignations)

3/26/12 (IRELAND) Former cabinet minister and EU Commissioner Padraig Flynn resigns from Fianna Fail
http://tinyurl.com/bsg95ra

3/26/12 (USA) Senator Steven Baddour resigns from state Senate to join lawfirm
http://tinyurl.com/dyj67gc

3/26/12 (UK) Adam Smith College (higher education) principal Craig Thomson resigns amidst accusations
http://tinyurl.com/cacfa4b

3/26/12 (CANADA) Top New Democratic Party (NDP) staffer Brad Lavigne resigns
http://tinyurl.com/bpdmjzu

3/26/12 (UK) MP Sir John Stanley retires after 40 years
http://tinyurl.com/bo3nnly

(Week 12: 23 resignations)

3/25/12 (IRELAND) Former prime minister Bertie Ahern resigns from his political party in wake of corruption inquiry
http://tinyurl.com/ctxyrs9

3/25/12 (UK) Senior member of David Cameron’s Conservative Party Peter Cruddas resigns over lobby scheme
http://tinyurl.com/6wvqrtj

COMMERCE AND BUSINESS

Week 13 {so far}: 10 resignations)

3/26/12 (CANADA) SNC-Lavalin (construction, engineering and much more) chief executive Pierre Duhaime resigns after internal probe
http://tinyurl.com/cdc248n

3/26/12 (UK) Solo Oil (oil) director Kiran Morzaria resigns
http://tinyurl.com/7mr85od

3/26/12 (ZIMBABWE) RioZim (mining & refining) managing director Josh Sachikonye steps down
http://tinyurl.com/csqefay

3/26/12 (UK) Board member Cathy Humphrey resigns from Vitesse Media (business-aimed media)
http://tinyurl.com/d3thlvo

3/26/12 (USA) Unitil (gas & electricity) senior VP George Gantz retires
http://tinyurl.com/75o3wzh

3/26/12 (UK) Cobbetts (law firm) managing partner Michael Shaw steps down
http://tinyurl.com/bpscmeq

3/26/12 (UK) Berrymans Lace Mawer (law firm, focus on insurance) chief Terry Renouf steps down
http://tinyurl.com/cn4cf26

3/26/12 (UK) 600 Group (engineering) CEO David Norman steps down
http://tinyurl.com/c5fqmn3

3/26/12 (USA) Abu Dhabi’s former development director of Water and Electricity Authority H.E. Ahmed Saif Al Darmaki resigns from board of directors at Tesla Motors Inc.
http://tinyurl.com/czrcevo

3/26/12 (USA) Showtime Networks (TV) exec VP acquisitions Matthew Duda retires
http://tinyurl.com/dy3zdxq

Sabrina

27th March 2012, 07:30

OK in the interest of some balance, here's an ex-banker doing some good! :)

http://www.northernadvocate.co.nz/news/former-bankers-saving-mission/1320079/
27 March

Former banker's saving mission

Whale Rescue patron Philip Wollen made millions as a merchant banker - now he's giving it all away.

The former Citicorp boss's dramatic change in direction came after a visit to a client's slaughterhouse two decades ago. He founded the Kindness Trust and dedicates his life to animal rights causes, though he prefers the term "ending human wrongs".

Mr Wollen and his wife Trix now have more than 500 projects in 45 countries, including a chain of "kindness farms" in India for mistreated and injured animals, each employing about 100 people and feeding many more.

They are major supporters of Sea Shepherd, an organisation which pursues Japanese whaling ships.

"On my 40th birthday I decided to give away all the money I'd earned and die broke. I'm right on budget," Mr Wollen told a gathering in Opua for the launch of Whale Rescue on Saturday.

Sabrina

27th March 2012, 07:35

http://www.youtube.com/watch?v=584L7TQgWOw

Max Keiser selling debt to young people - for the glory of the banksters - the cultural revolution (Royal Bank of Scotland story).

Sabrina

27th March 2012, 07:39

http://rt.com/usa/news/wall-street-survey-ows-511/

Wall Street firms admit poor public image and Occupy impact – survey

27 March

A new study has revealed that over half Wall Street company executives believe the Occupy movement has had an impact on their business. Up to 94 per cent say their firms got a negative public reaction by action or inaction.

The results of the study, commissioned by Makovsky, an integrated communications firm, do come as something of a surprise. The majority of the surveyed personnel think a negative public perception is the key challenge to be overcome in the next year, while previously they were more worried about recovery and stabilization.

“There has been a shift in priority from recovering and stabilizing to focusing on customer satisfaction, employee communications and improving public perception,” said Scott Tagney, executive vice president and head of financial services at Makovsky “Our study reveals that companies are in transition, and this new strategy involves both external and internal integrated communications efforts.”

Eighty-one per cent of those surveyed said they were worried about public reaction to executive compensation in the industry, while about 74 per cent believe increased regulation of the financial market would help the companies build a better public image.

The surveyed personnel also believe that their reputation wasn’t boosted by the use of social media. The majority of the executives said these efforts had a neutral impact, while only 40 per cent noted that it was positive.

“We see social media as an emerging communications channel and solution for financial services firms and with regulatory bodies continuing to soften guidelines, social media will grow in importance, especially to improve public perception and connect with customers,” Tagney predicted.

‘Occupy Wall Street affected businesses’
How do the executives view the impact of the ongoing Occupy Wall Street movement? About 53 per cent noted that their companies had been affected by the movement, while only 38 per cent said they were surprised by it. The study also showed that most of the surveyed personnel believe OWS is here to stay, with 71 per cent saying they expect it to continue beyond the presidential election this fall.

Straker

27th March 2012, 13:44

Bank Resignations that I know of so far...

1. 20th February 2012 (RUSSIA) Head of Russian Bank Regulator Steps Down http://newsley.com/articles/head-of-russian-bank-regulator-steps-down/206711

2. 20th February 2012 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns www.businessweek.com/news/2012-02-20/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html

3. 18th February 2012 (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

4. 17th February 2012 (USA) Blankfein out as Goldman Sachs CEO by summer http://finance.fortune.cnn.com/2012/02/17/gary-cohn-goldman-sachs/

5. 16th February 2012 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group http://business.thinkghana.com/pages/finance/201202/57429.php
6. 16th February 2012 (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
7. 16th February 2012 (AUSTRALIA) Anz Bank CFO Australia resigns
http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoill
8. 16th February 2012 (AUSTRALIA) Royal Bank of Scotland Australian 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

9. 15th February 2012 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
10. 15th February 2012 (SLOVENIA) Slovenia TWO largest Banks CEO's (2) resign www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html
11. 15th February 2012 (KENYA) Governor of Kenyan Central Bank to Resign www.centralbanking.com/central-banking/news/2152753/parliamentary-committee-calls-kenyan-governor-resign

12. 14th February 2012 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns http://www.bloomberg...s-amid-row.html
13. 14th February 2012 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank http://www.socialent...wn-charity-bank

14. 13th February 2012 (KUWAIT) Kuwait Central Bank CEO resigns http://www.washingto...rOAR_story.html

15. 10th February 2012 (INDIA) Tamilnad Mercantile Bank CEO resigns http://www.business-...resigns/464259/
16. 10th February 2012 (KOREA) Korea Exchange Bank chief steps down http://english.yonhapnews.co.kr/business/2012/02/10/0503000000AEN20120210005100320.HTML

17. 9th February 2012 (VATICAN) Four Priests Charged In Vatican Banking Scandal http://articles.busi...nces-italian-tv

18. 7th February 2012 (INDIA) Falguni Nayar quits Kotak Mahindra Bank http://articles.econ...hanti-ekambaram
19. 7th February 202 (IRAN) Iran denies central bank resignation rumor (don't believe it until it’s denied?) http://finance.yahoo...-164154294.html
20. 6th February 2012 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits: www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.HTML

JANUARY 2012

1. 5th January 2012 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down http://www.ftadviser...GM/article.html
2. 9th January 2012 (SWITZERLAND) Switzerland's central bank chief resigns http://www.aljazeera...5612935171.html
3. 11th January 2012 (INDIA) More directors of the Beed district bank resign http://www.thenews.coop/article/more-directors-beed-district-bank-resign

4. 12th January 2012 (United Kingdom) Lloyds' head of wholesale quits http://www.bankingti...holesale-quits/
4. 19th January 2012 (SPAIN) Spanish bank Santander's Americas chief quits http://www.expatica....its_202395.html
6. 20th January 2012 (JAPAN) Normura's head of wholesale banking quits http://www.euromoney...king-quits.html
7. 29th January 2012 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September http://www.bloomberg...-september.html
8. 21st January 2012 (Greece) Banks' top negotiator quits Greece, but talks go on www.france24.com/en/20120121-banks-top-negotiator-quits-greece-but-talks-go

RESIGNATIONS FROM WORLD BANKS in 2011

1. 25th Sept 2011 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis http://www.dailymail...ng-scandal.html
2. 29th October 2011 (CHINA) Resignations Suggest Shift for China's Banks http://online.wsj.co...4190522426.html
3. 21st November 2011 (JAPAN) UBS's Japan Investment Banking Chairman Matsui to Resign http://www.bloomberg...-to-resign.html
4. 29th November 2011 (Iran) Iran's Bank Melli CEO Resigns Over Loan Scam http://www.dailymoti...-loan-scam_news
5. 15th December 2011 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank] http://www.reuters.c...E7NF23S20111215
6. 22nd December 2011 (FRANCE) Societe Generale's Investment Banking Chief Steps Down http://dealbook.nyti...ief-steps-down/

foreverfan

27th March 2012, 18:12

Worth Repeating....

450 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS

I don't mind if you re-blog this listing. Save yourself the wear and tear on your karma and do me the favor of including http://americankabuki.blogspot.com in your reposting. Thanks to all who have caught minor errors. Special thank to Gabriel at Facebook Global Mass Resignations for some resignations I did not find in my searches.

Sabrina

28th March 2012, 19:24

Yet more on the Murdoch empire:

http://www.afr.com/p/business/marketing_media/pay_tv_piracy_hits_news_OV8K5fhBeGawgosSzi52MM
26 March
FINANCIAL REVIEW - Australia

Pay TV piracy hits News

A secret unit within Rupert Murdoch’s News Corporation promoted a wave of high-tech piracy in Australia that damaged Austar, Optus and Foxtel at a time when News was moving to take control of the Australian pay TV industry.

The piracy cost the Australian pay TV companies up to $50 million a year and helped cripple the finances of Austar, which Foxtel is now in the process of acquiring.

A four-year investigation by The Australian Financial Review has revealed a global trail of corporate dirty tricks directed against competitors by a secretive group of former policemen and intelligence officers within News Corp known as Operational Security.

Their actions devastated News’s competitors, and the resulting waves of high-tech piracy assisted News to bid for pay TV businesses at reduced prices – including DirecTV in the US, Telepiu in Italy and Austar. These targets each had other commercial weaknesses quite apart from piracy.

The Australian Competition and Consumer Commission is still deliberating on final details before approving Foxtel’s $1.9 billion takeover bid for Austar, which will cement Foxtel’s position as the dominant pay TV provider in Australia.
full story at link

Sabrina

28th March 2012, 19:37

From American Kabuki

I got this short comment today from
someone I have known a long time
who has some amazing contacts:

"Today is supposed to begin the
arresting of those who did not resign."

Sabrina

28th March 2012, 19:43

http://www.financeasia.com/News/295030,jp-morgan-asia-ceo-resigns.aspx
27 Marc
J.P. Morgan Asia CEO resigns

After 14 years with J.P. Morgan, six of them as chairman and CEO of Asia, Gaby Abdelnour is resigning.

As the internal note from investment bank head Jes Staley and J.P. Morgan’s CEO Jamie Dimon said, Abdelnour “has informed us of his intention to leave the company this summer to pursue personal interests”.

They went on to note: “During Gaby's tenure in Asia, our business there has doubled in size, our net earnings have tripled, and our franchise has performed exceptionally well across the board. Under his leadership, we completed the major build-out of our platform as well as executed on major strategic initiatives in China.”

And then, of course, they wished him “the best in his future endeavours”.

Rival bankers immediately pounced, saying he must have been pushed.

But a banker from J.P. Morgan, who has worked closely with him on deals, said: “No way. Definitely not.” The banker said that Abdelnour did not want Staley’s or Dimon’s job, that he had succeeded in Asia and basically wanted a new challenge.

Lebanon-born Abdelnour has been chairman and CEO for Asia-Pacific since July 2006 — an impressive achievement in its own right, and a longer run at the helm than most of his peers.

But at least one J.P. Morgan banker in Asia did say this doesn't appear to have unfolded according to plan — it usually causes less commotion if senior departures are announced at the same time as their replacements. The reason for the departure from standard protocol, according to our source at J.P. Morgan, is that the story leaked in New York and a statement was then sent out. A spokesperson for the bank denied that there was a leak.

Nonetheless, officials are declining to comment on who will replace Abdelnour. When asked if it was someone from within Asia or from New York, an insider said, “Candidates within the region as well as outside the region, but with Asia experience, have been recommended.”

Sources say that Abdelnour did recommend successor candidates — both inside and outside the region, within J.P. Morgan, to Dimon and Staley.

Prior to taking on the top job here, he headed up the bank’s activities in corporate origination for Europe, the Middle East and Africa. He has specialised in providing mergers and acquisitions advice to corporations and to governments in the sale of strategic assets.

Fluent in English, French and Arabic, he joined J.P. Morgan in 1998 as a managing director responsible for J.P. Morgan’s business in the Middle East and North Africa, focusing on state-owned entities and sovereign wealth funds. Prior to joining J.P. Morgan, he was a managing director at Merrill Lynch based in Hong Kong and Singapore, where he worked on M&A and restructuring in the telecoms and energy sectors, as well as leading the high-yield debt business in Asia.

Before that, Abdelnour spent 10 years at Bankers Trust, where he was a managing director in the merchant banking group focusing on M&A, leveraged buyouts and private equity.

He has served as a member of the executive committee, the investment bank operating committee, the international steering committee and the board of the J.P. Morgan Chase Foundation.

During the past few months, there have been rumours of a quiet shake-up underway at J.P. Morgan — with a growing number of high-ranking New York bankers looking to move out to Asia. Some of it we’ve seen already. The bank brought out Jeff Zajkowski to head equity capital and derivatives markets for Asia-Pacific, which includes Japan and Australia. But the bank has also promoted from within the region — most recently elevating Pranav Thakur to head of fixed income for emerging Asia. He took over the role from Tarun Mahrotri, who was also global co-head of emerging markets, and who left the bank.

Despite the changes now afoot at J.P. Morgan, Abdelnour’s leadership undoubtedly helped to solidify the bank’s Asia franchise — and no sniping from rival bankers can take that away from him. He added a prime brokerage team to serve hedge fund clients in Asia. He clocked the wealth-creation trend in Asia and broadened the private bank’s focus from just the ultra-high-net-worth group.

But, most important, he executed on major strategic initiatives in China — he established the securities joint venture, J.P. Morgan First Capital Securities, which started operations in June 2011, and he opened branches in Guangzhou and Chengdu in 2009, a sixth branch in Harbin last year and has received approval to open a branch in Suzhou.

He also invested in a guarantee company in China last November that will guarantee loans to small and medium-sized Chinese enterprises, which have typically been overlooked by lenders in favour of state-owned enterprises.

And the bank’s latest move into China came just last week when it agreed to take a 19.9% stake in Henan-based Bridge Trust, which gives J.P. Morgan a platform to offer investment opportunities.

Abdelnour could not be reached for comment, but a source close to him said: “He wants to take some time off and think about his next step ... he will work all the way through the summer.”

© Haymarket Media Limited. All rights reserved.

Sabrina

28th March 2012, 19:53

http://www.reuters.com/article/2012/03/26/snclavalin-idUSL3E8EQ5JH20120326
26 March
UPDATE 4-SNC-Lavalin CEO resigns as mystery payments probed

VANCOUVER/TORONTO, March 26 (Reuters) - The head of SNC-Lavalin, one of the world's biggest engineering and construction companies, ha s stepped down after an internal investigation found he had broken company rules by authorizing $56 million in mysterious payments.

But based on the findings of the investigation, Montreal-based SNC said it did not believe the payments were related to Libya, where the company has worked on several projects, including building a prison for the now-deposed reg ime of Libyan dictator Muammar Gaddafi. The company was the subject of unflattering media attention in recent weeks over ties between a senior company executive and Gaddafi's family.

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http://www.moneyweb.co.za/mw/view/mw/en/page295050?oid=565514&sn=2009+Detail&pid=287226

27 March

Royal Bafokeng CEO resigns

Johannesburg, Mar 27 (I-Net Bridge) - Royal Bafokeng Holdings (Pty) Ltd (RBH) announced on Tuesday that current Chief Executive Officer (CEO) Niall Carroll had tendered his resignation from the group, which had been accepted with regret by the RBH board.

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http://www.businessweek.com/ap/2012-03/D9TODTIO0.htm
26 March

AMSTERDAM
CEO of Dutch arm of Deloitte resigns

Deloitte Netherlands, the Dutch arm of the global accountancy firm Deloitte & Touche, says its chief executive has resigned after violating conflict of interest rules.

In a statement, the firm said Peit Hein Meester, 48, would immediately leave his job.

In reviews of his activities, "it appeared that there were moments of non-adherence to Deloitte's independence rules with respect to the keeping of financial interest in clients who were being audited."

Although he invested in companies Deloitte was auditing, Meester is not said to have handled their cases directly.

The incident was reported to financial watchdogs. Meester is being replaced by deputy CEO Peter Bommel on an interim basis.

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http://www.news360.lk/business-finance/seysri-lanka-seylan-bank-chairman-resigns-5610
28 March
Seylan Bank Chairman resigns

Chairman of the Seylan Bank, Eastman Narangoda has resigned from the post with effect from today.
Narangoda told News360.lk that he announced his resignation during the Bank’s AGM which was held today.
The veteran banker was appointed to head the Seylan Bank on the 1st of January 2009.
Sri Lanka

Sabrina

28th March 2012, 19:59

http://www.presstv.com/detail/233554.html
28 March
Dominique Strauss-Kahn admits to objectifying women

Former International Monetary Fund (IMF) chief Dominique Strauss-Kahn has admitted to police that he used inappropriate language regarding women he met at parties.

The French daily Le Monde announced it had obtained a confidential transcript of Strauss-Kahn's police questioning in which he admitted that he used "unsuitable and inappropriate" terms to refer to "a person of the female sex."

According to Le Monde, Strauss-Kahn had referred to the women as "equipment" in a text message to a businessman friend who has also been charged in the same case.

Last Year, Strauss-Kahn resigned as the head of the IMF and ended his ambitions to become the next French President after he was charged with raping a New York hotel maid in the US. The case was later dropped.

He has also been questioned as a suspect for his involvement in an alleged illegal prostitution ring in northern France.

The former IMF chief insists he was unaware of the fact that many of the female guests were paid to attend. However, prosecutors believe he knew the women had been procured and paid for.

Strauss-Kahn, 62, who was once a Socialist Party leader, appeared to have a good chance of defeating the incumbent President Nicolas Sarkozy in the 2012 French presidential elections.

Some of Strauss-Kahn's closest allies claim that the IMF chief was the subject of a smear campaign at a time when opinion polls, including one by French daily Le Parisien suggest that 45 percent of the French people saw him as the country's next president.

Later, a French inquiry into attempted rape claims brought by a French writer Tristane Banon against Strauss-Kahn was also dropped. Prosecutors said there was evidence of sexual assault; however the case was too old to pursue.

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http://www.google.com/hostednews/afp/article/ALeqM5jqEOHOb457SORSik98zvB2gBXEqw?docId=CNG.3563c0c8bcb14d5370bbd418163e59e6.971
French candidate denounces British Queen's drugs money
(AFP) – 6 days ago
PARIS — A fringe candidate for next month's French presidential election on Wednesday alleged that the Queen of England owes her fortune to drugs money laundered by "Jewish bankers in The City".

following on from this story (already posted)

Queen's bank Coutts fined £8.75m for failures in money laundering controls‎
The Queen's bank, Coutts & Co, was fined £8.75million yesterday for failing to implement controls over handling laundered money.

Read more: http://www.metro.co.uk/news/894326-queens-bank-coutts-fined-8-75m-for-failures-in-money-laundering-controls#ixzz1qRYwJSPA

Sabrina

28th March 2012, 20:18

http://www.guardian.co.uk/business/2012/mar/28/goldman-sachs-muppets-banker-book-deal
28 March
Goldman Sachs 'muppets' banker could land $1m book deal

According to the New York Post the book by former Goldman banker Greg Smith has attracted a bidding war that could land the former banker a million dollar advance

The former Goldman Sachs banker who claimed that his bosses called their clients "muppets" could land a book deal reported to be worth up to $1m (£630m).

Greg Smith is writing a memoir of his 12 years at the bank, after resigning with a hard hitting editorial piece in the New York Times about what he called the "toxic and destructive" environment at the bank.

According to the New York Post the book has attracted a bidding war that could land him a $1m advance. Smith is represented by NS Bienstock, a New York talent agency; it declined to comment.

Smith worked for Goldman in London selling derivatives, and said in his resignation letter it had become "morally bankrupt". The South African native said he had resigned because of what he called the "toxic and destructive" environment at the company that put profits allegedly ahead of client interests. "It makes me ill how callously people [at the bank] talk about ripping their clients off. Over the last 12 months, I have seen five different managing directors refer to their own clients as 'muppets', sometimes over internal email," he said. The resignation claims have sparked an internal investigation at the bank, which is has since begun searching its email system to find out who was denigrating its clients.

William Cohan, author of Money & Power: How Goldman Sachs Came to Rule the World, said Smith's book could prove another major embarrassment for the bank:

"Any company would be concerned about a long standing employee writing a book like this. Especially as they know he's got bones to pick," said Cohan. "This is not going to be a love letter." The idea that Goldman put its interests before its clients' was not new, said Cohan, since that was what he wrote about in his book. "But what is new is that it's an employee saying it. Just as they seemed to be emerging from this PR nightmare, Smith has dragged them back in."

Sabrina

28th March 2012, 20:35

http://www.youtube.com/watch?v=aJsgYnPs6qU

Keiser Report, the Irish and Cliff High - Half Human

http://www.halfpasthuman.com/irishtest.html

Sabrina

28th March 2012, 20:40

http://www.irishtimes.com/newspaper/ireland/2012/0328/1224314008195.html
28 March
Irish Times

Gilmore links corruption to crash

THERE WAS a connection between the corruption unearthed by the Mahon tribunal and the fact the economy had been brought to the edge of collapse, Tánaiste Eamon Gilmore said.

“The property bubble was a product of the toxic triangle between Fianna Fáil, the banks and property developers,” he said.

“There was a culture, at the highest levels of Irish society, that sought to make extraordinary fortunes on property development, and some politicians were determined to have their share.”

Sabrina

28th March 2012, 22:35

http://www.nationofchange.org/why-leaving-goldman-sachs-breaks-rules-game-1332571268

Nation of Change
28 March

Why Leaving Goldman Sachs breaks the rules game

Sabrina

29th March 2012, 21:38

http://divinecosmos.com/start-here/davids-blog/1035-divineintervention1

Part of David Wilcock's latest blog (parts still to be published) on the current resignations/arrests (most news stories already posted here above). S

THE SIGNS ARE ALREADY THERE -- 450 TOP CEOs FLEE THE SINKING SHIP

The vast majority of trouble in the world is being generated by a highly occult, highly secretive elite, hidden away in the G5 countries -- and manipulating the financial system, politicians and militaries behind the scenes.

There are increasingly blatant signals that the mass arrests are about to happen. CEOs and top corporate executives are now resigning in massive numbers.

"American Kabuki" has diligently cataloged an incredible 450 confirmed resignations -- just since September 1, 2011 -- in chronological order, complete with supporting links in every case.

The number of resignations has significantly increased in the last 2-3 months, including an astonishing number of very high-profile people.

For example, there was a remarkable 48-percent increase in the number of CEO resignations just between the months of December and January -- as you are about to see.

Skeptics -- who may well be paid disinformants -- have tried to write this off as all part of the normal turnover in the corporate world. However, a Fiscal Times article from February 23rd clearly revealed this is not "normal" at all.

THE FORCED REBUTTAL

The mass resignations have not gone unnoticed to the readers of The Fiscal Times. This is a very real story -- causing very real anxiety.

Michelle Hirsch wrote "What CEO Musical Chairs Means to the Job Market" for The Fiscal Times on February 23, 2012 -- to hopefully soothe their readers' fears.

What CEO Musical Chairs Means to the Job Market
http://www.thefiscaltimes.com/Articles/2012/02/23/What-CEO-Musical-Chairs-Means-to-the-Job%20Market.aspx

After three years of relative stability in the corner offices of corporate America, 2012 is shaping up as a year of CEO musical chairs.

That’s because a wave of executives are looking to step down, cash in their stock options as stocks rise and avoid new government regulations that many see as too challenging and stressful....

In particular, the revolving door is spinning faster among health care and financial services executives, who are jumping ship, retiring, or being forced out at a quicker clip than their counterparts in other industries.

Last month, 25 health care CEOs and 13 financial services CEOs departed, making those sectors the two biggest culprits of the rising turnover tide.

A growing push from the federal government to police the financial services industry and clamp down on executive compensation is prompting the exodus of CEOs in the financial services industry, said Don Hambrick, a professor at Penn State’s Smeal School of Business....

The number of CEOs who left their posts in January spiked by 48 percent over December, rising to 123 – the highest level since May 2010, according to data from outplacement service firm Challenger, Gray & Christmas.

Fifty-one percent resigned or stepped down, 26 percent retired, and only 9 percent left to take other jobs....

While changes at the top may unnerve some employees, rarely do CEO switches bring about mass terminations of existing employees, [Matt McGreal, a principal at Crist|Kolder Associates, a CEO search firm] said.

STUNNING CHANGES ARE UNDERWAY

The 450 resignations are documented, proven, and cannot be shot down.

This Fiscal Times article is our key to prove that this is real enough to be tracked by the media, and is in no way part of "normal turnover" in the corporate world.

We applaud Fiscal Times for their bravery in covering this evolving story.

Better yet, these mass resignations are only one part of a much larger mosaic of stunning new developments.

MASS ARRESTS HAVE ALREADY STARTED

Mass arrests have already taken place against senior staff of the Fox-owned Sun tabloid in England in three separate bursts -- now encompassing 21 top Sun employees under "Operation Weeting".

In case you haven't followed this story, Fox (News Corporation) was working with the police and the government to tap people's phone calls and voicemails -- and publish disparaging information on celebrities and public figures through these ill-gotten means.

When you include the two other known operations that have been reported -- code-named Elveden and Tuleta -- the total number of arrests has now encompassed a stunning 47 people.

http://www.dailymail.co.uk/news/article-2114290/Rebekah-Brooks-arrested-husband-Charlie-Operation-Weeting-phone-hacking-probe.html

The number of people arrested in Operation Weeting, which has been running since last January when police reopened investigations, stands at 21.

Two other linked investigations – Operation Elveden into corrupt payments to police and Operation Tuleta into computer hacking – have resulted in 26 [additional] arrests.

JAMES MURDOCH STEPS DOWN AS EXECUTIVE CHAIRMAN OF [FOX] NEWS INTERNATIONAL

Rupert Murdoch's son, James Murdoch, resigned from his position as executive chairman of News International on February 29th -- indicating the extreme scope of the trouble.

In time, this resignation will be seen as a monumental event -- one of the greatest signposts of the mass arrests that were about to happen.

American readers may not be aware of the power and magnitude of what is already happening in the UK -- but our next excerpt will spell it out very nicely.

THE "DAY OUT OF TIME"

It may also be significant that Murdoch announced his resignation on February 29, 2012.

As our graph shows, February 29, 2012 is the "Day Out of Time" immediately preceding the pivotal March 13th Mayan Calendar date -- where the cycles shift into full synchronization.

This "Day Out of Time" has great significance in the Mayan system, as we will see in Section III.

Some scholars consider this "day out of time" to be "highly exceptional", in that it has "never happened before and will never happen again" in the Mayan system -- and it directly sets up the final synchronization date of March 13th.

The above image was generated years before 2012 -- in anticipation of the events that were predicted to come.

Little did we know that the "Day Out of Time" would become the very day that Fox News International effectively admitted, to the public, that the accusations against them were true.

The crimes they are accused of could, and will, ultimately engulf a vast majority of the mainstream media -- in its totality. Not all journalists are culpable, but those who wanted to keep their jobs have been heavily manipulated.

JAMES MURDOCH STEPS DOWN AS CHAIRMAN OF NEWS INTERNATIONAL

Here is the article that announced James Murdoch's resignation -- and revealed many things the American press has fastidiously avoided discussing.

James Murdoch Steps Down as Chairman of News International
http://www.independent.co.uk/news/media/press/james-murdoch-steps-down-at-ni-7464770.html

James Murdoch is to step down as executive chairman of News International, it was announced today.

Parent company News Corporation said in a statement the move would allow him to focus on expanding the company's international TV businesses.

Mr Murdoch has faced intense scrutiny in the wake of the News of the World phone hacking scandal....

Labour MP Chris Bryant, who received a £30,000 settlement after having his phone hacked by the News of the World, said: "After all we've heard, James Murdoch's resignation is long overdue.

"On his watch, we have seen the biggest corporate corruption scandal since 1720 -- and historic titles like The Sun have been brought into disrepute... He is not a fit and proper person."....

Ex-minister and former National Union of Journalists president Denis MacShane, who received a £32,500 settlement, said: "The Murdoch empire, as in Greek tragedy, is collapsing in full view of an astonished world.

"The crown prince has been sacrificed to appease the public horror at what is being revealed of the collusion, corruption and criminality of the Murdoch empire -- as it bought politicians and police indiscriminately."

TWO SENIOR MURDOCH JOURNALISTS ATTEMPT SUICIDE

Sadly, in addition to the mass arrests of 47 people and the resignation of executive chairman James Murdoch, two senior journalists were so threatened by this imminent exposure of wrongdoing that they tried to kill themselves.

http://worldnews.msnbc.msn.com/_news/2012/03/06/10594806-two-murdoch-journalists-reportedly-attempt-suicide-as-pressure-mounts

Two senior journalists working for Rupert Murdoch's News International have attempted suicide as pressure mounts at the scandal-hit publisher of the now-defunct News of the World, according to media reports.

The suicide attempts follow weeks of intense scrutiny of the role of The Sun, another Murdoch paper, in the phone-hacking scandal and police bribery case.

The man and the woman, who were reportedly involved in separate incidents, were rescued in time, a friend of one of them said, according to a report Tuesday on stuff.co.nz....

"It was not a suicide pact," the friend told the New Zealand-based news organization. "The attempts were not simultaneous and there is no suggestion of a pact."....

"People think that they've been thrown under a bus," one News International employee told Reuters. "They're beyond angry - there's an utter sense of betrayal, not just with the organization but with a general lynch-mob hysteria."

News International, the European arm of Murdoch's empire, is facing multiple criminal investigations and civil court cases as well as a public inquiry into press standards after long-simmering criticism of its practices came to a head last July.

Politicians once close to Murdoch, including Prime Minister David Cameron, turned their backs on him and demanded answers after the Guardian newspaper revealed the News of the World had hacked the phone of murdered schoolgirl Milly Dowler.

The London Evening Standard reported that other News International journalists are “terribly stressed and many are on the edge.” The company has reportedly offered psychiatric help to any journalist who wants help.

I certainly would not want to take the invitation to "step into my office" from any News Corporation psychiatrist -- given what we know about MK-Ultra techniques, which were revealed in open Congressional hearings from the 1970s.

Prime Minister David Cameron, the highest elected official in Great Britain, turned on Murdoch in the hopes of saving himself -- as he has been directly linked to the corruption.

The blowback from this "Epic Greek Tragedy" -- the "biggest corporate scandal since 1720" -- will almost certainly return to the United States. Obviously these criminal practices within the Fox News empire were not limited to the United Kingdom.

It is very likely that other journalists, in other media conglomerates, are starting to feel the same sense of foreboding.

How much have you been hearing about this "epic" story in the Federal Reserve-controlled American corporate media?

KERRY CASSIDY REVEALS EVEN MORE IN HER BLOG

Insider sources revealed a "plot twist" in this story to Kerry Cassidy of Project Camelot -- whom I've collaborated with for years now in our search for truth and freedom.

This critical detail has not emerged... yet... but the trials have barely even started. If the full-blown mass arrests do happen, the disclosure of what you are about to read will pale in comparison to everything else that comes out.

http://projectcamelotproductions.com/blog-hp.html

March 8, 2012 Update 12:35PM

CLANDESTINE SHADOW PHONE NETWORK also referred to as an INTERNATIONAL INTRANET

ACCORDING TO A SOURCE: There is a deep shadow network behind the traditional telephone network that you only get access to by invitation.

It involves people who are on the criminal side -- as well as, no doubt, government and alphabet agency types who tap into phone calls, and then sell them on a black market for lots of money.

[They are sold] to, for example, HIGH FREQUENCY TRADERS (HFTs) -- who then use this info to make trades, currency calls, etc.

You can see where a network like this can be very advantageous to the participants.

FURTHER: This also relates back to the recent MURDOCH TELEPHONE TAPPING SCANDAL ... because what apparently did not come out during that inquiry and trial is that Murdoch's boys did not have to tap anyone's phone directly.

Instead, they simply connected with an individual who then gave them access to this hidden phone network.

They told them what calls, from which people, they wanted to PURCHASE... and paid them for the 'tapped calls'.

and also:

"MUPPETGATE" IS ANOTHER PEBBLE FROM THE COMING AVALANCHE

Greg Smith, a former high-ranking Goldman Sachs employee blew the whistle in a New York Times editorial on March 14, 2012 -- triggering a revolutionary public awakening now being called "Muppetgate."

So far, very few have "connected the dots" and realized that Goldman Sachs is one of the main Federal Reserve banking conglomerates -- but I doubt this part of the story will remain secret for very long.

According to Smith, Goldman executives call their clients "Muppets" and treat them as pathetic sub-humans -- purely to be exploited and stolen from. This has effectively revealed the sociopathic "Illuminati" mindset to the mass public.

Goldman Sachs has already gone into financial free-fall from this expose' -- hemorrhaging more than two billion dollars in a matter of days.

Goldman Sachs Loses 2 Billion from “Muppetgate”
http://bottomline.msnbc.msn.com/_news/2012/03/15/10700472-goldman-sachs-roiled-by-muppetgate-loses-2-billion

Question: What’s the cost to a company of one disgruntled former employee?

Answer: About $2 billion if it’s Goldman Sachs.

That’s how much of the bank’s market value was wiped out after one of its directors, Greg Smith, resigned from the company and penned an op-ed piece in The New York Times attacking the firm’s culture and treatment of clients.

The bank’s shares fell 3.3 percent in trading Wednesday as London-based Smith’s article set Wall Street and the media ablaze with discussion about the behavior of big banks bailed out by taxpayers after the financial crisis.

The share price decline meant Goldman lost some $2 billion in market value. Its market capitalization is currently just short of $65 billion.

A "TOXIC ENVIRONMENT"

This next excerpt from MSNBC reveals even more about how terrible it is to work at Goldman Sachs -- and the genuine darkness its employees find themselves in.

http://bottomline.msnbc.msn.com/_news/2012/03/14/10682553-goldman-sachs-exec-greg-smith-quits-saying-environment-at-firm-is-toxic

In a very public and scathing resignation letter, Goldman Sachs executive director Greg Smith has called the atmosphere at the massive investment bank "as toxic and destructive as I have ever seen it."

"Today is my last day at Goldman Sachs," wrote Smith, who was the head of the firm's U.S. equity derivatives business in Europe, the Middle East and Africa, in an Op-Ed in the New York Times on Wednesday titled "Why I am Leaving Goldman Sachs."

Smith, who is based in London and has been with Goldman for 12 years, went on to describe what he says is a deteriorating culture at Goldman Sachs where clients are called "muppets" and their interests are given short shrift.

"The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for," Smith wrote....

"It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as 'muppets,' sometimes over internal e-mail," wrote Smith....

In an emailed statement, Goldman Sachs, said, “We disagree with the views expressed, which we don’t think reflect the way we run our business. In our view, we will only be successful if our clients are successful. This fundamental truth lies at the heart of how we conduct ourselves.”

UK TELEGRAPH EXPLORES THE ILLUMINATI MINDSET

This next excerpt from the UK Telegraph discusses the Illuminati mindset within Goldman Sachs that has been revealed as a direct result of "Muppetgate" -- the day after a Mayan Calender shift-date that had been anticipated for years.

http://www.telegraph.co.uk/finance/comment/damianreece/9142970/The-time-for-Goldman-Sachs-to-split-the-top-job-is-long-overdue.html

This market autism has continued. If a trade makes a profit and it's within the rules, then do it. Ethics, perception, morals, emotional intelligence and even good old common sense are ignored....

[Goldman is] a bank whose alumni include two US Treasury Secretaries, including Paulson....

Goldman is a bank in denial and heading for a crash. I can’t see any President recruiting from Goldman again, given recent years. And unless things change, the bank will lose clients....

Outbursts such as Smith’s makes it easier for companies and investors to drop Goldman.

The bank needs to change, and has needed to do so for years. Some improvements have been made but they look superficial, and perception is nine tenths of reality here.

Remember -- if Goldman Sachs crashes, so does the Federal Reserve.

1 IN 10 WALL STREET BANKERS ARE CLINICAL PSYCHOPATHS

On March 2, 2012 -- just two days after the critical Feb. 29th "Day Out of Time" in the Mayan Calendar -- the Huffington Post ran an article that seemed to anticipate the bomb Greg Smith was about to drop on Goldman Sachs.

This might sound like the punchline to a joke -- but the destruction of the planet is no laughing matter, and these people must be stopped.

http://www.huffingtonpost.com/2012/03/02/psychology-book_n_1315990.html#s747885&title=Inhumane_or_simply

One out of every 10 Wall Street employees is a clinical psychopath, the CFA Institute (an investment and financial analysis organization) reports in the latest issue of CFA Magazine.

That makes psychopathy 10 times more prevalent among New York’s financial elite than among us plebeians, for which the accepted statistic is a more palatable one in 100.

Psychopaths “generally lack empathy and interest in what other people feel or think,” according to the study.

“At the same time, they display an abundance of charm, charisma, intelligence, credentials, an unparalleled capacity for… manipulation, and a drive for thrill seeking.”

That Wall Street should harbor more than its share of psychopaths, then, will come as no shock to those frustrated by the entitlement and greed of the one percent.

The study also shows how easily psychopaths can pass, however, blending into our lives as co-workers, friends and even romantic partners.

JP MORGAN STAFF WARNED OFF OF TALKING ABOUT "MUPPETGATE"

Goldman Sachs is one of the Federal Reserve banks. So is JP Morgan Chase.

The lower-level employees probably don't know this, but the higher-ups at JP Morgan are directly aware that an attack against Goldman is a direct attack against JP Morgan, the Federal Reserve, and the Illuminati.

So, the proverbial "STFU" warning came out from the higher-ups.

JP Morgan Staff Told to Go Easy on Goldman Sachs’ “Muppetgate”
http://uk.reuters.com/article/2012/03/15/uk-jpm-goldman-idUKBRE82E09820120315

(Reuters) - Investment bank JPMorgan tried to contain damage to Wall Street's reputation on Thursday by telling staff not to try to profit from rival Goldman Sachs' embarrassment over a vitriolic resignation letter published in the New York Times.

Equity derivatives salesman Greg Smith caused a firestorm across the banking industry on Wednesday with the letter, published as an opinion column and calling Goldman (GS.N) a "toxic" place to work where senior staff saw clients as "muppets".

JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon warned employees in an internal memo not to seek advantage from Goldman's "alleged issues", imploring them focus on standards, not on the furore stirred by Smith in what media and bloggers have called "Muppetgate".

"I want to be clear that I don't want anyone here to seek advantage from a competitor's alleged issues or hearsay -- ever. It's not the way we do business," Dimon said in the memo, a copy of which was seen by Reuters.

Dimon's memo, awaiting Asia employees in their e-mail inboxes on Thursday morning, was sent to the bank's global operating committee and later forwarded to wider parts of JPMorgan, said sources who have seen the memo.

JPMorgan declined to comment.

SUDDEN, STUNNING PUBLIC DIVORCE BETWEEN JP MORGAN AND THE VATICAN

Just five days after "Muppetgate," JP Morgan announced they were cutting off the Vatican Bank's private accounts, permanently -- by the end of the month.

This is of monumental significance to our discussion. The Federal Reserve is literally dropping everything and running from any financial association with the Vatican -- as fast as they can.

The divorce was announced on March 19th -- and will already be finalized as of March 30th. If nothing is going to happen, why would we see such urgency?

Many "Truth" researchers have concluded that the Vatican has been penetrated at the highest levels by the Illuminati. This does not mean the Vatican itself is evil, nor are most of the people working there -- but they have a very serious problem to deal with.

SCATTERING BEFORE THE AVALANCHE

All these Illuminati factions used to be on the same page -- but now, just like with the mass CEO resignations, they are turning on each other and scattering before the avalanche hits. Let's read more about this epic event.

http://www.huffingtonpost.com/2012/03/19/vatican-bank-image-hurt-closed_n_1363432.html

VATICAN CITY/MILAN, March 19 (Reuters) - JP Morgan Chase is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported.

The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering.

The bank, formally known as the Institute for Works of Religion (IOR), enacted major reforms last year in an attempt to get Europe's seal of approval and put behind it scandals that have included accusations of money laundering and fraud.

Italy's leading financial daily Il Sole 24 Ore reported at the weekend that JP Morgan Chase in Milan had told the IOR of the closing of its account in a letter on Feb. 15.

The letter said the IOR's account in Italy's business capital would gradually be phased out starting on March 16 and closed on March 30.

In Milan, JP Morgan Chase declined to comment and the Vatican also had no comment. It was not possible to contact IOR officials because Monday was a holiday in the Vatican.

Il Sole said JP Morgan Chase informed the IOR that the account was being closed because the bank's Milan branch felt the IOR had failed to provide sufficient information on money transfers.

The financial newspaper, which gave the number of the IOR account, said some 1.5 billion euros passed through it in about 18 months.

It said the account was a "sweeping facility," meaning that it was emptied out at the end of each day with funds transferred to another IOR account in Germany.

Sabrina

29th March 2012, 21:56

http://www.bbc.co.uk/news/world-asia-17552873
29 March
Kwok brothers arrested in Hong Kong on bribery charges

Two billionaire brothers who run one of Asia's biggest property companies have been arrested on suspicion of bribery.

Thomas and Raymond Kwok are joint chairmen and managing directors of Sun Hung Kai Properties in Hong Kong.

The Independent Commission Against Corruption said a former senior government official was also taken into custody on corruption charges.

Last week, one of the company's executive directors was arrested over suspected bribery.

Thomas Chan Kui-yuen was responsible for land acquisitions and project planning. After his arrest, Sun Hung Kai said it had set up a special committee to look into the investigation by the anti-corruption body.

The company's board has said these latest arrests will not affect the company's business operations and the brothers will remain in their current positions.

Sun Hung Kai is Hong Kong's biggest property developer by market value. The company has made the Kwok family one of the richest in the city, which a net worth of $15.4bn (£9.7bn).

¤=[Post Update]=¤

American Kabuki - updated from first arrests list:

Updated 3/27/12

This is a new list I've started on banker arrests. This is preliminary and not complete. This research in progress. If you know of any additional arrests please send use the URL to americankabuki@yahoo.com
WORLDWIDE LIST OF ARRESTED BANKERS

10/06/11 (HONG KONG) Deutsche Bank Asia, senior banker Yan Shen, 43, who headed the North Asia institutional clients group escaped a prison sentence Thursday after he was found in possession of a gun at Hong Kong's international airport. Yan Shen, was discovered carrying the unlicensed pistol and ammunition during a search of his baggage in the departure lounge of Chek Lap Kok Airport. The offence carries a maximum jail sentence of 14 years, but Shen was spared jail after the court heard he suffered a personality disorder and liked to collect things. Sentencing him to 240 hours of community service and a fine of 50,000 Hong Kong dollars (6,400 US dollars), the judge said he did not accept Yan's excuse that he was unaware it was illegal to possess firearms. However, the judge said he had decided not to jail Yan because prison might interfere wih treatment for his disorder.
http://goo.gl/66aO4
10/11/11 (NIGERIA) Nigeria’s secret police (SSS) Tuesday confirmed the arrest of three persons including a Lagos banker it said facilitated the October 01, 2010, Independence Day bombing in Abuja that killed several persons and injured many others. Media reports had earlier identified the banker as Nonso Nnaemeka, while one of the suspects was identified as Jessica David, aka Segun.
http://goo.gl/ZXeWO
11/01/11 (IRAN) Bank Melli, Mr. Khavari, a dual Iranian-Canadian citizen, left Iran in September as prosecutors there announced they wanted to question him in connection with a $2.6-billion embezzlement scandal that has led to the arrest of several bankers. Tehran also wants an international warrant for Mr. Khavari’s arrest. Canada has no extradition treaty with Iran. Mr. Khavari could be stripped of his Canadian citizenship. The banker’s continuing freedom and apparent wealth – he and his family own several Toronto properties – have angered Iranian diaspora groups. It’s unclear how he could become a Canadian citizen while working in Iran as an elite banker. Khavari is indicative of a much larger wave of people who have slipped into Canada. The Globe and Mail reported Monday that one of several brothers whose family business is at the heart of the Iranian embezzlement scandal moved to Montreal this past summer.
http://goo.gl/otcvi
11/07/11 (UAE - DUBAI) HSBC Analyst, Toby Carroll, Arrested In Dubai With Two Girlfriends For Extramarital Sex
http://goo.gl/7MkTX
11/23/11 (LITHUANIA) Snoras Bank and Latvijas Krajbanka Bank, Lithuania issues Arrest warrant for Russian banker and Portsmouth Football Club (UK) Owner Vladimir Antonov. Antonov, 36, owned 68 percent of Snoras before it was nationalized and had controlled Latvijas Krajbanka through a 60 percent stake owned by Snoras. Antonov is believed to spend most of his time in England, while Baranauskas, who held just over 25 percent in Snoras, is also abroad.100 million lats ($200 million) siphoned from the bank were used to increase its charter capital and finance Antonov's investment projects — including the failed attempt to buy out Saab.
http://goo.gl/nu5p5
11/23/11 (RUSSIA) Bank of Moscow, Russian prosecutors asked Interpol to issue an international arrest warrant for Bank of Moscow’s former Chief Executive Officer Andrei Borodin. Wanted for fraud in the misappropriation of government funds.
http://goo.gl/znvhC
11/23/11 (RUSSIA) Bank of Moscow, Russian prosecutors asked Interpol to issue an international arrest warrant for Bank of Moscow’s former vice president Dmitry Akulinin, a former vice president at the lender. Wanted for fraud in the misappropriation of government funds.
http://goo.gl/znvhC
12/01/11 (ICELAND) Glitnir Bank, Iceland's special prosecutor has taken Larus Welding, the former head of the failed Glitnir Bank, into custody, Reuters reports.
http://goo.gl/KqUN9
2/08/12 (CHINA) Yantai Bank, Chinese police arrest runaway banker Liu Weining, for embezzlement. Liu Weining, a branch head of Yantai Bank, was caught by police near a railway station in eastern city of Jinhua, Zhejiang Province, police said. Liu fled Yantai city in east Shandong Province at the end of January. Liu allegedly stole 436 million yuan (69.76 million U.S. dollars) worth of bank notes between April 2011 and January 2012. He reportedly had 290,000 yuan cash on him when caught.
http://goo.gl/MRnlX
2/14/12 (USA FL) Credit Suisse, Banker Christos Bagios, under U.S. house arrest for 60 more days in the U.S. state of Florida, as the man tries to resolve allegations of aiding U.S. clients in evading taxes. He has to wear a tracking device. Bagios was arrested in New York in January 2011 and accused in a criminal complaint of helping about 150 U.S. clients hide as much as $500 million from the tax-collecting IRS when he worked at UBS. Bagios is a Greek citizen and Swiss resident, and is accused of helping 150 clients evade taxes on about $500 million. Credit Suisse acknowledged last July that it had received a target letter from the U.S. Department of Justice notifying it that it was formally under criminal investigation for selling tax-evasion services to wealthy Americans. The bank has said it is cooperating with the investigation. Bagios was arrested in New York in January of last year but moved to a Florida housing development on $650,000 bond. He has to wear a tracking device.
http://goo.gl/hRlAq
2/16/12 (UK) BTA bank, UK court issues arrest warrant for Mukhtar Ablyazov, Kazakh billionaire accused of massive fraud Britain's High Court has issued an arrest warrant for Mukhtar Ablyazov, the Kazakh billionaire and former BTA bank chairman accused of committing one of the world’s biggest ever frauds.
http://goo.gl/75o7E
2/29/12 (SWITZERLAND) Hyposwiss Privatbank AG, Prosecutors in Switzerland say a man has been arrested on suspicion of stealing confidential customer data from a Swiss private bank. The Federal Prosecutor's office in Bern says the former contractor of Hyposwiss Privatbank AG was arrested Feb. 16 and remains in custody. Prosecutors say a criminal investigation was launched Jan. 19 after the unidentified man approached a law firm and offered to sell the confidential data. They declined to provide further information. Swiss daily Tages-Anzeiger reported Wednesday that the data partly concerned the account of a wealthy Russian businessman. Recent cases of stolen Swiss bank data being bought by foreign tax authorities have added to pressure on Switzerland to give up its strict banking secrecy rules. NOTE: This arrest appears to be an attack on a whistleblower by Swiss authorities!
http://goo.gl/XzaES
3/05/12 (RUSSIA) Vnesheconombank, Moscow City’s Tverskoi district court placed Anatoly Ballo, the Deputy CEO of the Russian development and foreign economic transactions bank Vnesheconombank, under house arrest. He is suspected of embezzling $14 million, a spokeswoman for the court said.
http://goo.gl/czZC4
3/12/12 (USA CT) Morgan Stanley, co-head of fixed-income capital markets William Bryan Jennings, was arrested and charged with second-degree assault, larceny and intimidation by bias or bigotry .
http://goo.gl/6VHu8
3/14/12 (NIGERIA) First Bank Plc, An Abuja High Court on Tuesday issued a warrant for the arrest of the Head of Operations, First Bank Plc, Ikorodu branch, Lagos, Mrs. Ayodele Omolayo. The ICPC maintained that NPC had, in compliance with the directive of the late President Umaru Yar’Adua, issued a cheque of N60m to the Office of the Accountant-General of the Federation as unspent funds for 2007. But upon the receipt of the cheque, the four accused persons paid it into a private account in Ikorodu, Lagos, and later withdrew the money at another bank in Victoria Island, Lagos. Others charged were officials of the Office of the Accountant-General of the Federation; Mr. Johnson Kolawole and Mr. Kola Ajala, a dispatch rider with Finbank Plc, Victoria Garden City branch, Lagos.
http://goo.gl/p4kNY
3/16/12 (CHINA) Standard Charter Bank, China has arrested Wu Yidian Eden, an employee of Standard Chartered Bank, as a probe into one of her clients. On March 6, the police detained Ms Wu, yet the latter has not been accused for committing any crime. A client of Ms Wu has been accused of escaping from China after robbing almost $50m (£32m) from the bank. Standard Chartered Bank announced the detention of Ms Wu but said no investigation has taken place yet.
http://goo.gl/Hxqxs
3/24/12 (RUSSIA) Vladimir Putin issues arrest warrant for George Soros.
http://goo.gl/BP4Rr
3/26/12 (UK) UBS, Trader Kweku Adoboli, 31, arrested on suspicion of a staggering £1.3billion fraud at UBS is believed to have blown the whistle on himself about the unauthorised deals.
http://goo.gl/WSrPd
3/26/12 (CHINA) Agricultural Bank of China, China has launched an international hunt for a former bank chief accused of fleeing with more than 100 million yuan ($16 million) illegally raised from relatives and friends. The Ministry of Public Security has issued an arrest warrant for Sun Feng, the former head of the Yaosai branch of the Agricultural Bank of China in Jiangyin in East China's Jiangsu province.
http://goo.gl/imXmk
3/26/12 (SPAIN) Spanish Mortgage Broker Arrested
http://goo.gl/jASX9
3/26/12 (USA MO) Sun Security Bank, A former employee of Sun Security Bank in Ellington, Missouri, has been sentenced for embezzling $444,000 from a customer's bank account. Black pled guilty in December 2011 to two felony counts of bank embezzlement and was ordered to pay restitution of $451,000.
http://goo.gl/uHxpM
3/28/12 (PHILIPINES) Banker and Ponzi Scammer, Celso de los Angeles, under hospital arrest dies.
http://goo.gl/Vxala

Sabrina

29th March 2012, 22:02

http://www.guardian.co.uk/uk/2012/mar/29/dick-fedorcio-resigns-metropolitan-police
29 March 2012 UK

Met's PR chief Dick Fedorcio resigns after force begins disciplinary action
IPCC inquiry found Dick Fedorcio should face gross misconduct charge for awarding contract to former NoW executive Neil Wallis

Scotland Yard's head of communications, Dick Fedorcio, has resigned immediately after the force opened disciplinary proceedings against him.

An inquiry by the Independent Police Complaints Commission (IPCC) into Fedorcio's award of a contract to Neil Wallis, the former deputy editor of the News of the World, found he had a case to answer for gross misconduct.

Fedorcio's resignation has curtailed any disciplinary action, but the IPCC will publish the inquiry's findings sometime next week.

Deborah Glass, the IPCC's deputy chair said: "In light of Mr Fedorcio's resignation today, [disciplinary] proceedings cannot now take place and I propose to publish our investigation report detailing our findings, in the next few days."

Civilian police staff are able to resign once disciplinary proceedings are launched and as a result avoid those proceedings. In doing so Fedorcio will not now face any sanction as a result of the inquiry into his alleged gross misconduct. The rules are different for police officers.

Fedorcio was under scrutiny for his decision to hire Wallis to provide PR advice for the Metropolitan police.Wallis's company Chamy Media was paid £24,000 by the Met between October 2009 and September 2010.

Sabrina

29th March 2012, 22:05

More from the mining world:
29 March
Hong Kong
Anvil Mining Ltd : Announcements and Notices - Resignation of Executive Directors
The board of directors (the "Board") of Minmetals Resources Limited (the "Company", together with its subsidiaries, the "Group") announces the following changes to the Board with effect from 29 March 2012:

(1) the resignation of Mr. Hao Chuanfu ("Mr. Hao") as the vice-chairman and executive director of the Company and a member of the executive committee of the Board (the "Executive Committee") due to other business engagements which require more of his dedication; and
(2) the resignation of Mr. Li Liangang ("Mr. Li") as an executive director of the Company and a member of the Executive Committee due to other business engagements which require more of his dedication.

and

29 March

Areva’s head of mining resigns over UraMin

French nuclear group Areva (AREVA.PA) said on Friday that the head of its mining business, Sebastien de Montessus, resigned in a bid to close the chapter of the botched $2.5 billion takeover of Canadian start-up UraMin.

“He handed in his resignation to the board of directors which accepted it, in the interest of the group and to put an end to the trouble caused by the UraMin affair,” an Areva spokeswoman said.

and
Hong Kong Exchange
CHINA KINGSTONE MINING HOLDINGS LIMITED
CHANGE OF CHAIRMAN OF REMUNERATION COMMITTEE AND RESIGNATION OF NON-EXECUTIVE DIRECTOR

Sabrina

29th March 2012, 22:12

http://www.bbc.co.uk/news/world-europe-17548390
29 March
Swedish Defence Minister Tolgfors quits over Saudi deal

Sten Tolgfors was criticised in the Swedish press over the Saudi arms deal
Continue reading the main story

Sweden's defence minister has resigned after facing criticism over plans to build a weapons plant in Saudi Arabia.

Sten Tolgfors "resigned at his own request", a spokesperson said.

Swedish public radio revealed the confidential plans for the country's Defence Research Agency to help Riyadh build weapons, including missiles and torpedoes, in early March.

Sweden does not ban weapons exports to Saudi Arabia, but the secretive nature of the plans caused controversy.

Earlier this month Swedish Prime Minister Fredrik Reinfeldt confirmed that an initial deal had been signed with the Saudis in 2005.

Sabrina

29th March 2012, 22:16

28 March
Harare
CBZ CEO resigns
CBZ Holdings Limited group chief executive officer Nyasha Makuvise has resigned from his post due to poor health.
Makuvise, whose last working day will be March 31, 2012, has been with the diversified financial group for the past 16 years.

He will be replaced at the helm of the institution by CBZ Bank chief executive officer John Mangudya from April 1.

Sabrina

29th March 2012, 22:31

A shift in the year of the shift....

http://www.nytimes.com/2012/03/30/business/global/in-a-shift-the-world-bank-presidency-draws-competition.html?ref=global-home
29 March

In a Shift, the World Bank Presidency Draws Competition

WASHINGTON — For the first time, the World Bank is considering more than one candidate for its five-year presidency — a change that reflects the fast-growing clout of emerging economies, even as it raises questions over whether that change is coming quickly enough.

Experts say that victory is all but assured for the American nominee, Jim Yong Kim, the president of Dartmouth College and an expert in global health. But emerging and developing economies are rallying behind Ngozi Okonjo-Iweala, the 57-year-old Nigerian finance minister, and José Antonio Ocampo, the former Colombian finance minister and high-ranking United Nations official, who is 59.

The World Bank’s 25-member board will interview all three candidates in the coming weeks and plans to announce its new president by the I.M.F.-World Bank meetings in mid-April. Robert B. Zoellick, the current president, will step down at the end of June.

Ms. Okonjo-Iweala and Mr. Ocampo have won the endorsement of a group of developing economies. And the United States is weathering criticism for the time-honored gentlemen’s agreement that ensures its control of the World Bank, even if the institution’s presidential selection process is opening up.

“For all its virtues, this nomination and its predetermined success reflects how global governance continues to lag behind shifting economic realities,” said Eswar S. Prasad, a professor at Cornell and an expert on international institutions. “Domestic politics has again trumped true multilateralism.”

Global health experts largely applauded Dr. Kim’s nomination, and he has scooped up the endorsement of a number of prominent commentators, like the development economist Jeffrey Sachs. Europe is expected to back him in that the United States supported the candidacy of Christine Lagarde, the former French finance minister, for managing director of the International Monetary Fund last year.

Ms. Okonjo-Iweala and Mr. Ocampo were carefully vetted and specifically chosen for their long résumés and expertise in development and international economic negotiation. African governments lobbied the Nigerian president, Goodluck Jonathan, to encourage Ms. Okonjo-Iweala to run; the Group of 11 emerging economies pushed for Mr. Ocampo.

Ms. Okonjo-Iweala was a World Bank managing director — working directly beneath the president — from 2007 until last July. In Nigeria, she has fought to reduce the country’s debt, gain greater access to international credit markets and battle corruption.

Mr. Ocampo served as finance minister and the head of the Colombian central bank, and led the arm of the United Nations that facilitates economic development.

In an interview, Mr. Ocampo expressed some initial hesitancy to enter the race, given the odds. “It is a relatively unbalanced competition,” he said with a laugh.

But he said his four decades of experience in development and international policy made him an excellent candidate. “I thought the developing-country candidates who were suitable for the job should be in the race,” he said. “I felt a responsibility to put a stone in the road toward a democratic process.”

Speaking by telephone from New Delhi, where she was attending the BRICS meeting of leaders from Brazil, Russia, India, China and South Africa, Ms. Okonjo-Iweala also called for a merit-based, transparent selection process, suggesting a televised debate for herself, Mr. Ocampo and Dr. Kim.

“I have tremendous respect for Dr. Kim,” she said. “But you’re looking for the best. You’re not just looking for the acceptable. I can’t believe what I’m hearing: Is this the same West that talks about democracy, openness, and meritocracy, and it’s like it has already been decided!”

In a communiqué, the leaders of BRICS — whose countries represent more than 40 percent of the world’s population — underscored the need for a merit-based presidential selection process and change within the bank.

mexrph

29th March 2012, 22:56

The system is broken. I recommend Jim Willie's writings on goldenjackass.com. Collapse must be very near. I believe all hell is going to break loose after Obama is "reelected". The 2012 election has already been rigged.

Rollo

29th March 2012, 23:26

During my meditation today I saw market crash graph.

15135

It is possible that what I saw is a reflection of today's situation in financial world.

Daozen

30th March 2012, 01:05

We're heading toward March 31st, the end of the fiscal year in some major economies. It might end up as a deadline of sorts for fraudulent debt.

How do I put spoiler tags on these pics, so they don't crash slow computers?

The Kwok brothers in HK.

http://blogs-images.forbes.com/luisakroll/files/2012/03/thomas-raymond-kwok.jpg

Dick Fedoricio, UK Met PR

http://cached.imagescaler.hbpl.co.uk/resize/scaleWidth/460/?sURL=http://offlinehbpl.hbpl.co.uk/News/ORP/5DD06F89-F323-EB51-184C6804859057E4.jpg

Sebastien De Montessus

http://farm3.staticflickr.com/2068/3530616191_31e2ce0ac7_z.jpg

goinghome2012

30th March 2012, 01:19

these guys know endgame is here, who cares anymore

dec 21, 2012 omega point going home three days of darkness, void into another dimension

do you think they built those underground bases for the fun of it.

Daozen

30th March 2012, 12:35

Who says there's gonna be 3 days of darkness? Some kook on the net? Its just bad science mixed with bad spirituality.

No one's falling for this despair and hopelessness routine any more.

Endity

30th March 2012, 12:46

This is quite incredible that these heads are dropping like flies. I never knew this was happening. I hope this continues let justice be done or the heavens fall!!

Sabrina

30th March 2012, 19:14

Facebook Global Resignations list from 27 March.

Totals for all three categories (since Jan 02):

Their tally so far:
Banking & Financing – 313
Governments – 143
Companies etc. – 257

Banking & Financing:(Week 13 {so far}: 20 resignations

3/29/12 (CHINA) Private equity chief Collin Lau to leave China Sovereign wealth fund
http://tinyurl.com/bnqdvnb

3/29/12 (UK) Private equity company 3i Group Plc chief Michael Queen resigns
http://tinyurl.com/cs4wbxj

3/28/12 (SINGAPORE) SGX (Singapore Exchange) Co-President Gan Seow Ann resigns
http://tinyurl.com/ccc6cso

3/28/12 (UK) T.F. & J.H. Braime Holdings finance director David Brown resigns
http://tinyurl.com/cgp6k4n

3/28/12 (SRI LANKA) Seylan Bank chairman Eastman Narangoda resigns
http://tinyurl.com/cm9babv

3/28/12 (UK) Paragon (financial services) director Terry Eccles resigns ‘for health reasons’
http://tinyurl.com/ccww2hv

3/28/12 (ZIMBABWE) CBZ Holdings Ltd. CEO Nyasha Makuvise resigns
http://tinyurl.com/dyhsara

3/27/12 (CHINA) Fidelity China Special Situations (investment) director Gary Shaughnessy resigns
http://tinyurl.com/dxh8zd5

3/27/12 (UK) JP Morgan joint manager on Mid Cap investment trust Jane Lennard steps down
http://tinyurl.com/c74byta

3/27/12 (SOUTH AFRICA) Royal Bafokeng Holdings Ltd CEO Niall Carroll resigns
http://tinyurl.com/cwc7tzs

3/27/12 (USA) Political donor Jeffrey Thompson steps down from accounting firm, offices raided by Feds in investigation
http://tinyurl.com/6pbehyw

Governments:(Week 13 {so far}: 13 resignations)

3/30/12 (SWEDEN) Defence Minister Sten Tolgfors resigns amid Saudi row
http://tinyurl.com/caedu5m

3/29/12 (USA) Representative Stephen Sandstrom resigns Utah House seat
http://tinyurl.com/cwgwoyl

3/29/12 (ISRAEL) Jewish Agency for Israel CFO Yaron Neudorfer resigns
http://tinyurl.com/dy4ydrf

3/29/12 (UK) Third senior police official (**Dick Fedorcio**) resigns in Britain’s phone-hacking scandal
http://tinyurl.com/c9dr4oh

3/29/12 (PUERTO RICO) Puerto Rico’s police chief Emilio Diaz Colon resigns
http://tinyurl.com/cbndsvk

3/28/12 (IRELAND) Former Dublin councillor Finbarr Hanrahan also resigns from Fianna Fáil
http://tinyurl.com/d7jzv99

3/28/12 (CHILE) Energy minister Rodrigo Alvarez resigns after protests
http://tinyurl.com/ck35la3

3/28/12 (CANADA) Alberta’s Chief Medical Officer Dr. Andre Corriveau resigns
http://tinyurl.com/dybzea7

Companies & Businesses:(Week 13 {so far}: 33 resignations)

3/29/12 (USA) Quicksilver Resources (oil & gas) CFO Philip Cook to resign
http://tinyurl.com/d7py8os

3/29/12 (UK) FTI Consulting global chairman Charles Watson steps down
http://tinyurl.com/d7qqkgu

3/29/12 (CANADA) Soventix Canada (solar PV manufacturer) CEO Jan Dressel resigns for ‘reasons unspecified’
http://tinyurl.com/cqs4q64

3/29/12 (CHINA) Huawei (global ICT services) CEO Zhu Bo resigns
http://tinyurl.com/cvo279l

3/29/12 (CHINA) Sinovac Biotech (pharma, vaccines) independent director Ms. Chup Hung Mok resigns
http://tinyurl.com/d347u3e

3/29/12 (GLOBAL) Cape plc (international industrial services) CEO Martin May resigns
http://tinyurl.com/d2cfufj

3/28/12 (GLOBAL) Russel Reynolds Associates (executive search firm) CEO and president Matthew Wright steps down
http://tinyurl.com/btab4sd

3/28/12 (USA) Progress Software (data and computing) CFO Charles F. Wagner leaves
http://tinyurl.com/6tsc65k

3/28/12 (INDONESIA) Mining venture Bumi co-chairman Nat Rothschild steps down
http://tinyurl.com/c3mg4po

3/28/12 (UK/NORWAY) Valiant Petroleum non-exec director David Blackwood steps down
http://tinyurl.com/clkth6y

3/28/12 (USA) Sears Holdings marketing chief Monica Woo steps down
http://tinyurl.com/cyrueh5

3/28/12 (IRELAND) Eircom (telecom) CEO Paul Donovan steps down ‘for personal reasons’
http://tinyurl.com/br6yfug

3/28/12 (DUBAI) Metin Mitchell (executive search and management advisory firm) co-founder and COO Dominique Liana Russo steps down
http://tinyurl.com/ctxg3ht

3/28/12 (USA) Texas State Board of Dental Examiners exec director Sherri Meek resigns before state hearing
http://tinyurl.com/bnvyufr

3/28/12 (CANADA) President Dana Johnson of Enerplus U.S. operations (oil & gas) resigns
http://tinyurl.com/cgb8rez

3/28/12 (AUSTRALIA) Sherwin Iron Ltd (leading iron ore exploration & development) directr Jamie Henderson resigns
http://tinyurl.com/c8tf9t4

3/28/12 (CANADA/MONGOLIA) Undur Tolgoi Minerals Inc. (mining) director Saruul Ganbaatar resigns
http://tinyurl.com/br4yrem

3/28/12 (USA) Digirad (nuclear-based medical applications) CFO Richard Slansky resigns
http://tinyurl.com/d98yrd3

3/28/12 (USA) U.S. Concrete CFO James Lewis resigns
http://tinyurl.com/camfv3d

3/27/12 (NETHERLANDS) Endemol (world leader in entertainment programming) managing director Peter Adrichem to step down
http://tinyurl.com/cfglxes

3/27/12 (FRANCE) Vivendi’s (media conglomerate and telecom provider) wireless business SFR’s CEO Frank Esser steps down
http://tinyurl.com/c5d9rqe

3/27/12 (COLOMBIA) Director Juan Manuel Ospina of the Colombian Rural Development Institute (body in charge of restoring land to displaced population) resigns
http://tinyurl.com/7eo5lnc

3/27/12 (BRAZIL) President of the Brazilian Sugarcane Industry Association Marcos Jank resigns
http://tinyurl.com/83hf3bh

Sabrina

30th March 2012, 19:19

http://www.investmenteurope.net/investment-europe/news/2157119/italy-bankers-council-resigns-en-mass-monti-reforms

The presiding council of the Association of Italian Bankers (ABI) has resigned en masse, in protest at the liberalisation measures being pushed through by Mario Monti.

Monti has proposed to cut banks’ commissions on credit lines, as part of a broader reform programme to revitalize the Italian economy. The measure has been passed in the Senate and now awaits approval in the lower house in Parliament. It is not known yet whether the resignations have been accepted.
Giuseppe Mussari, head of the ABI, said “the measure will hit our revenues and, as a result, will hurt bank credit policy and, possibly, agreements with labor unions over work contracts”.
Mussari praised Monti and his reform programme but said that the proposed measure was “the straw that broke the camel’s back”. He demanded: “we want to be treated for what we are worth,” before calling for a return to the original proposal, which was to cut the commission for those banks that refused to be transparent.
5 march

Sabrina

30th March 2012, 19:29

http://www.huffingtonpost.com/2012/03/30/greg-smith-goldman-sachs-book-deal_n_1391938.html
30 March

Greg Smith, Ex-Goldman Sachs Executive, Lands Book Deal With $1.5 Million Advance

NEW YORK, March 30 (Reuters) - Greg Smith, the former Goldman Sachs executive who condemned the powerful investment bank in a scathing New York Times opinion column, has landed a deal to write a book about his 12 years at the firm, according to media reports on Friday.

Smith, who resigned from Goldman earlier this month, set off a bidding war when he met with several major publishers earlier this week about a book that would include details of what Smith has described as a toxic culture at the famous Wall Street firm, said a publishing industry source.

The final deal was first reported in Friday's New York Post, which said Grand Central publishing, an imprint of the Hachette Book Group, paid a $1.5 million advance for the book.

Jennifer Romanello, a spokeswoman for the publishing house, and Smith's literary agent, Paul Fedorko of N.S. Bienstock, had no comment.

Smith's withering resignation letter published in the New York Times called Goldman a "toxic" place with a culture that boasted of ripping off clients. Smith recounted seeing five of the firm's managing directors refer to clients as "muppets" at times on internal emails.

The letter captured the imagination of Wall Street and social media websites including Twitter, where Smith instantly became a top trending topic.

The Johannesburg-born Smith worked at Goldman's London office in equity derivatives as an executive director.

His op-ed piece was highly unusual because Goldman employees shy away from publicly criticizing the bank, both because it breaks the Goldman code of silence and because non-disparagement agreements signed by many employees bar them from speaking negatively about the firm.

Goldman responded to the op-ed by saying Smith's views did not reflect the way the business was run.

Sabrina

30th March 2012, 19:36

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9177125/Former-RBS-trader-Tan-Chi-Min-claims-hedge-fund-asked-UK-bank-to-change-Libor.html
30 March
Former RBS trader Tan Chi Min claims hedge fund asked UK bank to change Libor
One of Europe's largest hedge funds is alleged to have asked Royal Bank of Scotland to alter the London interbank borrowing rate (Libor) five years ago, according to a court filing by a former trader at the lender.

Tan Chi Min, a former RBS trader who claims he was wrongfully dismissed by the bank after it fired him for allegedly trying to manipulate Libor - the average rate at which banks lend to each other - said he had received the request in 2007 from Brevan Howard.
"Brevan Howard telephoned on 20 Aug 2007 to ask the defendant to change the Libor rate," according to a paper filed with the Singapore High Court cited by Bloomberg.

The court filing alleges RBS "received this request without objection". Brevan Howard is not a party to the lawsuit and is not being investigated or sued for any alleged wrongdoing. RBS and Brevan Howard both declined to comment.
Mr Tan claimed in his filing that Scott Nygaard, head of short-term markets finance at RBS, knew about the call from Brevan Howard. However, the filing contained no further details to support his allegations. However, he is reported to have said he would provide further evidence at a later stage.

The legal case follows Mr Tan's firing in December over allegations he had attempted to improperly influence RBS's Libor-setting staff between 2007 and 2011. Mr Tan, who worked for RBS in Singapore as head of delta trading, claims he was wrongfully dismissed by the bank.

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http://www.bbc.co.uk/news/business-17557177
30 March

Blackberry-maker Research in Motion (RIM) has said it plans to refocus its business back onto corporate customers.

The announcement came as RIM reported a quarterly loss, as revenues fell due to sharply lower smartphone sales.

The Canadian company made a net loss for the three months to 3 March of $125m (£78m), compared with a profit of $934m a year earlier.

It has lost ground as its traditional business clients have switched staff to iPhones or Android smartphones.

RIM also announced the resignation of former co-chief executive Jim Balsillie.

Chief technology officer David Yacht will also be standing down.

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http://www.utsandiego.com/news/2012/mar/30/activists-demand-resignation-of-hungary-president/?ap
30 March
Activists demand resignation of Hungary president

BUDAPEST, Hungary — A few dozen activists are camping out outside the offices of Hungary's president demanding his resignation after he was stripped of his doctorate because of plagiarism.
and
BUDAPEST (Reuters) - Hungarian President Pal Schmitt cancelled appointments on his schedule on Friday, a day after being stripped of his doctorate following a months-long plagiarism row which opposition parties say made him unworthy of the job.

The controversy comes at a sensitive time for Hungary as it tries to resolve a lengthy dispute with the European Union on contested new laws to unlock stalled talks on financial support.

Online news portals origo.hu and nol.hu cited unnamed sources in the ruling Fidesz party and its Christian Democrat allies as saying that Schmitt, who took office less than two years ago, could announce his departure later in the day.

Sabrina

30th March 2012, 19:47

http://www.pressgazette.co.uk/story.asp?sectioncode=1&storycode=49040&c=1
30 March

Police took £2k payment from News Corp subsidiary

30 March 2012
By Press Gazette

Surrey Police has confirmed receiving a £2,000 "charitable donation" from Rupert Murdoch’s News Corp subsidiary NDS.

Yesterday it was confirmed that NDS was being investigated by media watchdog Ofcom over claims it “helped to hasten the demise” of SkyB’s one-time rival ITV Digital.

On Monday BBC’s Panorama claimed NDS, a London-based company that secialised in satellite television technology, leaked codes that could have been used to create counterfeit smart cards for the now defunct ITV Digital.

Surrey Police said had abided by Home Office codes of practice when it accepted the payment from NDS, which was used for new equipment including laptop computers.

NDS told Tthe Independent the money handed over in 2000 was a “charitable donation” and that it was not aware of any other payments from the company.

A force spokesman said: “Following a review of our records, Surrey Police can confirm a payment of £2,000 from NDS was received in 2000. Records show that this money was received as sponsorship for equipment including laptop computers.

"At the time, staff were encouraged to consider sponsorship and a total of £46,700 was recorded by the force that year from a range of organisations including gas and water suppliers and town councils.

"These contributions were used for a variety of purposes such as providing vehicles for local police teams, education programmes and partnership/community projects.

"Under the Home Office financial management code of practice, it is acceptable for forces to receive sponsorship to assist in the furtherance of policing initiatives.

"At present this is the only payment from NDS that the force is aware of; however, inquiries are still ongoing into this matter."

Yesterday News Corp strongly denied the claims made by Panorama, with Murdoch tweeting: “Seems every competitor and enemy piling on with lies and libels. So bad, easy to hit back hard, which preparing.”

In a later tweet he added: “Enemies many different agendas, but worst old toffs and right wingers who still want last century's status quo with their monoplies [sic].”

The company’s chief operating officer Chase Carey said the programme was a “gross misrepresentation of NDS’s role as a high quality and leading provider of technology and services to the pay-TV industry, as are many of the other press accounts that have piled on – if not exaggerated – the BBC’s inaccurate claims”.

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http://citywire.co.uk/wealth-manager/fund-giants-hit-by-kwok-brother-property-arrests/a579073?ref=wealth-manager-latest-news-list
30 March
Fund giants hit by Kwok brother property arrests

Funds run by Henderson, Standard Life Investments (SLI) and M&G are likely to have been hit by the arrest of the brothers who run Asia's largest property developer, but Jupiter’s Philip Gibbs has managed to dodge the bullet.

Raymond and Thomas Kwok (pictured), co-chairmen of Sun Hung Properties, were arrested overnight in connection with a Hong Kong corruption investigation before being released on bail.

Shares in the Hong Kong blue chip, which had been suspended on Thursday prior to the announcement, were hit for six when they reopened for business on Friday. They opened the session on HK$111.1 and fell as low as $94 before recovering to end the session on HK$97.9.

According to latest factsheet data, the news has major implications for several funds.

These include the $330.9 million Luxembourg-domiciled Henderson Horizon Fund Asia-Pacific Property fund managed by Tim Gibson, which had invested 9.3% of its assets in Sun Hung, making it the fund’s biggest holding.

The stock was also the biggest holding in Andrew Nicholas’ First State Asian Property Securities fund, which had invested 8.7% of its £7.6 million worth of assets invested.

It was also a holding in Andrew Jackson’s £554 million SLI Select Property fund, who invested 1.8% into the company making it the third biggest holding at the end of January. However, Jackson stressed the holding was not a major conviction play, pointing out the stock accounts for 3.27% of the Epra/Nareit Global Real Estate index.

Meanwhile, the Aviva Investors Global Property fund had a 3.74% stake at the end of January, while Gillian Tiltman’s £44.8 million M&G Global Real Estate Securities fund held a 2.9% stake in the company at the end of February.

However, Jupiter’s Gibbs has managed to dodge the bullet. His Jupiter Absolute Return fund had a 0.4% stake in Sun Hung at the end of January, which he had sold out of by the end of February. Gibbs has been gradually selling down the stake since March 2010 when it hit a high of 1.88%.

The Kwok brothers were arrested by the Independent Commission Against Corruption (ICAC) along with a former civil service head Rafael Hui

Sabrina

30th March 2012, 20:01

https://www.myspace.com/tom_heneghan_intel/blog

EXPLOSIVE Back Breaking News
Bernanke Crosses the Line of No Return
by Tom Heneghan
International Intelligence Expert
Tuesday March 27, 2012

UNITED STATES of America - It can now be reported that Federal Reserve Chairman Bernard Bernanke's recent statement concerning a possible QE3 (quantitative easing) was a bald face lie.

Bernanke's statement was made to accommodate day trades tied to JP Morgan's euro currency derivatives aka illegal naked short put options that were written on the London LIFFE Exchange with U.S. Taxpayers' money.

Direct message to Bernanke: A sizable element of the U.S. military, along with General Petreaus, want to have you and Timothy Geithner arrested immediately, including the fact that you continue to misuse the Wanta-Reagan-Mitterrand Protocol funds (owed the U.S. Treasury) that were illegally laundered from the Bank of America in Charlotte to none other than the criminal bank and brokerage firm Goldman Sachs.

P.S. We can now divulge that the alleged margin calls tied to MF Global were actually margin calls made against JP Morgan's custodial account (JP Morgan's custodial), which had already co-mingled the customer segregated accounts of MF Global and JP Morgan in a euro currency derivative ponzi scheme.
Let's refresh your memory, folks. It was financial terrorist Jamie Dimon that threatened MF Global's CEO Jon Corzine in regards to MF Global meeting the margin call created by none other than JP Morgan custodial.

Message to financial terrorist Jamie Dimon: Dallas Federal Reserve President and CEO Richard Fisher has the goods on you and you are going to get busted, punk!

P.P.S. Message to all Roman Catholic voters in the state of Wisconsin: It is imperative that you put a stop to Bush-Clinton-Obama-Federal Reserve stooge (church of satanic latter day saints) Mormon scumbag Mitt Romney.
He is a total puppet of Wall Street and part of the cabal that looted this country.

Romney banks in the Cayman Islands
(Credit: AP/Steven Senne/iStockphoto/miralex)
http://politics.salon.com

LATE BREAKING REPORT: The U.S. Attorney in Utah has direct evidence implicating Mormon scumbag Romney for using a 10% tithing aka temporary gift that was given to him by the Mormon Church, which was to be repaid in one year.

Instead, Mormon scumbag Romney, with the help of current dysfunctional U.S. Secretary of State, loser and lesbian Hillary Rodenhurst Clinton, laundered the money through the Cayman Islands.

Romney is clearly using these funds that are supposed to be repaid to the Mormon Church to fund his illegal super pac that bombards his Republican primary opponents with personal attack ads.

I have a direct message to Mormon scumbag Romney: You are a coward, you are a misfit and you are a money launderer. You will never be president of the United States.

Mitt Romney Kicks Out Journalist Over FED, Goldman Sachs Questions

http://tinyurl.com/d28sozd