Massive Bank and High Profile Resignations Across the World

[Sabrina]

This is from the new Facebook page - Global Mass Resignations

https://www.facebook.com/MassResigna...app_2374336051


3/07/12 (SINGAPORE) CEO Timothy McCarthy of Japan’s Nikko Asset Management steps down
http://tinyurl.com/823uc6l


3/07/12 (CHINA/GLOBAL) UBS senior Asia economist Jonathan Anderson quits
http://tinyurl.com/723qfzb


3/07/12 (GLOBAL) Goldman Sachs Group’s Phil Beatty resigns as head of European power trading
http://tinyurl.com/87nu75z


3/07/12 (PAKISTAN) Chairman Ali Raza of National Bank of Pakistan resigns
http://tinyurl.com/7ajuuuk


3/07/12 (DUBAI) Dubai’s DME CEO Thomas Leaver resigns
http://tinyurl.com/7w38nvq


3/07/12 (UK) Goldman Sachs International senior executive Yoel Zaoui steps down
http://tinyurl.com/6qc5mbg


3/07/12 (UK) Goldman Sachs International senior executive Christopher French steps down
http://tinyurl.com/6qc5mbg


3/07/12 (UK) Goldman Sachs International senior executive David Wildermuth steps down
http://tinyurl.com/6qc5mbg


3/07/12 (UK) Goldman Sachs International senior executive Matthew Westerman steps down
http://tinyurl.com/6qc5mbg


3/06/12 (USA) USA Technologies’ Bradley Tirpak resigns from board
http://goo.gl/8oi7C


3/06/12 (USA) Director Philip Kanas of Sterling Green Group resigns
http://tinyurl.com/6pvjvuk


3/06/12 (JAMAICA) Executive director Rohan Barnett of Jamaica’s Financial Services Commission (FSC) resigns
http://goo.gl/FBwFo


3/06/12 (JAMAICA) Executive director Patricia Sutherland of Jamaica Money Market Brokers (JMMB) resigns
http://goo.gl/oMwv6


3/06/12 (FRANCE) Blackstone Group’s Paris office leader Jean-Michel Steg to step down
http://goo.gl/w3Ca5


3/05/12 (NEW ZEALAND) Chairman and director of Insured Group Bill Jeffries quits
http://tinyurl.com/7eqwnhb


3/05/12 (ETHIOPIA) Dashen Bank CEO Leulseged Teferi forced to retire, shocks many
http://tinyurl.com/7295do6


3/05/12 (USA) Head of proprietary trading Mike Stewart leaves JP Morgan
http://tinyurl.com/72eu2et


3/05/12 (SPAIN) President Laura Gómiz of investment bank Invercaria resigns
http://tinyurl.com/6p9qzyd (Spanish link)


3/05/12 (UK) CEO of ASTL (Association of Short Term Lenders) Adrian Bloomfield quits
http://tinyurl.com/6llzwwx


3/05/12 (USA) Reliance Bancshares chairman Patrick Gideon resigns
http://goo.gl/u6BT4


3/05/12 (UAE) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi quits
http://tinyurl.com/7jqekko


3/05/12 (POLAND) GTC real-estate developer’s chairman Eli Alroy resigns
http://tinyurl.com/785n9rj


3/05/12 (UK) Jupiter fund co-manager **John Hamilton* steps down
http://goo.gl/RPqOp


3/05/12 (UK) Jupiter fund co-manager Tony Nutt steps down
http://goo.gl/RPqOp


3/05/12 (UK) Finance director of Lord Sugar’s private holding company Colin Sandy* steps down
http://tinyurl.com/76lhmst

[Sabrina]

http://online.wsj.com/article/SB1000...=MKTW&mod=MKTW
Deutsche Bank to Shake Up Management Board
BY LAURA STEVENS
7 March
FRANKFURT—Deutsche Bank AG has begun reshaping its senior management ahead of a planned change in leadership at the bank in May.

Chief Risk Officer Hugo Bänziger and Chief Operating Officer Hermann-Josef Lamberti will be asked to leave, according to people familiar with the matter, and the bank will look to appoint three new management-board members, as well as two people to run the bank's investment-banking unit.

[Sabrina]

http://online.wsj.com/article/SB1000...=MKTW&mod=MKTW
7 March
Ex-Citigroup Banker Convicted in Fraud Case

The private banker at the center of an embezzlement scandal involving Citigroup Inc. in Indonesia was convicted of fraud Wednesday in a case that dealt a blow to the U.S. bank's expansion in Southeast Asia's largest economy.

A Jakarta court convicted Inong Malinda Dee, 50 years old, of stealing $4.4 million from clients and sentenced her to eight years in prison. She was also ordered to pay a fine of $1.1 million.

[Sabrina]

http://online.wsj.com/article/SB1000...=MKTW&mod=MKTW

Japan Prosecutors Charge Olympus, Executives
7 March
BY KANA INAGAKI

TOKYO—Japanese prosecutors filed charges against Olympus Corp. and six individuals allegedly involved in the company's $1.5 billion accounting scandal.

The indictment came four months after the Japanese maker of cameras and medical-imaging equipment admitted to hiding investment losses for more than a decade, in one of the country's biggest corporate scandals.

The Tokyo District Public Prosecutor's Office on Wednesday said it charged the company and the individuals with violating Japanese law by

[Sabrina]

hmmm

Goldman Names Koizumi to Head Japan Public Sector Group
By Takahiko Hyuga - Mar 7, 2012 6:44 AM GMT

http://www.bloomberg.com/news/2012-0...tml?cmpid=yhoo


Goldman Sachs Group Inc. (GS) appointed Yasuro Koizumi to lead its public-sector group in Japan to boost investment banking business, according to an internal memo obtained by Bloomberg News.
Koizumi, co-head of the financing group, replaces Mitsunari Okamoto, who is leaving the firm, according to the document. Hiroko Matsumoto, a spokeswoman for Goldman Sachs in Tokyo, confirmed the contents of the memo, declining to comment further.
Goldman Sachs set up the public-sector infrastructure and utilities team following the record earthquake last March that triggered the worst nuclear crisis since Chernobyl in 1986. The U.S. bank is betting that demand for financing and investing from municipalities, power plant operators and renewable energy- related businesses will increase as the nation recovers.
The group “remains a key pillar in our Japanese coverage effort and will enable us to continue expanding our business in this important area,” Masanori Mochida, president of Goldman Sachs in Japan, said in the memo.
Koizumi, 48, a managing director at Goldman Sachs, joined the New York-based firm in 1999 to work on debt origination and syndication. He earlier worked at Industrial Bank of Japan Ltd., now a part of Mizuho Financial Group Inc. (8411), after graduating from the University of Tokyo in 1986.
Goldman Sachs in June helped the Ibaraki prefectural government raise 10 billion yen ($124 million) from a bond issuance backed by future revenue from a waste-processing facility, the local government north of Tokyo said.
The U.S. bank in September bought a 5.1 percent stake in Eliiy Power Co., a Tokyo-based manufacturer of lithium-ion batteries, for 1.5 billion yen.
Tohoku Electric Power Co. (9506), the electricity supplier to areas in northeastern Japan most devastated by the earthquake and tsunami, this month became the first nuclear operator to sell bonds since the disaster. The Sendai-based company offered 60 billion yen of notes on March 2.

[Sabrina]

Wednesday, 7 March 2012 - 16:09
UPDATE: Antofagasta CEO Unexpectedly Resigns Ahead Of Results
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http://english.capital.gr/News.asp?id=1432988

- Marcelo Awad resigned with immediate effect about a week before full-year results

- No explanation given for resignation; Antofagasta chairman appointed as interim CEO

- Antofagasta says it expects to report 2011 results in line with market expectations

LONDON -(Dow Jones)- In an unexpected move, U.K.-listed, Chilean copper producer Antofagasta PLC (ANTO.LN) said Wednesday that the chief executive of its copper division had stepped down with immediate effect. No reasons were given for his resignation.

[Sabrina]

http://www.kaieteurnewsonline.com/20...-ponzi-scheme/

Allen Stanford found guilty in Ponzi scheme
MARCH 7, 2012

HOUSTON (Reuters) – Allen Stanford was convicted yesterday of running a $7 billion Ponzi scheme, a verdict that caps a riches-to-rags trajectory for the former Texas financier and Caribbean playboy.
It was a vindication for the U.S. government, which closed down Stanford’s financial empire in February 2009 but had failed for years to address signs that the empire was built on air. The Stanford case was the biggest financial fraud since Bernard Madoff’s.
Stanford was found guilty on 13 counts of a 14-count criminal indictment, including fraud, conspiracy and obstructing an investigation by the U.S. Securities and Exchange Commission. He was found not guilty on one count of wire fraud. The charges carry a possible prison sentence of nearly 20 years.
The verdict came less than a day after a Houston federal jury said it could not reach a verdict, and U.S. District Judge David Hittner instructed jurors to keep deliberating.
Still, the verdict may prove only a moral victory for Stanford’s victims, most of whom have received none of their money back.

[Kimberley]

Bumping again ....as every one who is following this story would be well served to see the above several posts from Sabrina!!! Much love and whoo hoo the dominoes are a falling away one by one at a rapid rate!!!
XO

[Daozen]

FIVE Goldman Sachs Quits in One Day! WOW. The wave isn't stopping. It says four in this article but I counted 5. Whatever...

http://www.efinancialnews.com/story/...thew-westerman

Goldman Sachs reshuffles UK board of directors
Richard Partington
07 Mar 2012
Goldman Sachs is reshuffling the board of directors that oversees its UK-based subsidiary, with four senior executives stepping down from their board-level roles, including investment banking rainmaker Yoel Zaoui.


According to documents filed with Companies House this week, Zaoui, Christopher French, David Wildermuth and Matthew Westerman have stepped down from the board of Goldman Sachs International, the UK and European subsidiary of Goldman Sachs Group. GSI’s board is separate from Goldman Sachs Group's board of directors.

[Sabrina]

PORT-AU-PRINCE, Haiti (AP) — A prominent Haitian banker has been killed in the capital of Port-au-Prince.

Read more: http://www.jamaicaobserver.com/news/...#ixzz1oVfs3goW

PORT-AU-PRINCE, Haiti (AP) — A prominent Haitian banker has been killed in the capital of Port-au-Prince.
A spokesman for Haiti's police force said Wednesday that Venel Joseph was fatally shot while at the wheel of his car. Gary Desrosiers said police have not arrested anyone and do not have any more details about Tuesday's killing.
Joseph served as director of Haiti's Central Bank during former President Jean-Bertrand Aristide's second term from 2001 to 2004.



And remember that Haiti's PM resigned late Feb this year. S

[Sabrina]

33 insurance directors quit simultaneous directorship of banks, NBFIs, insurers
Jasim Uddin Haroon
Bangladesh - March 2012

The insurance regulator Wednesday said a total of 33 insurance company directors have resigned from the board of directors of banks, non-banking financial institutions (NBFIs) and their own companies.

http://www.thefinancialexpress-bd.co...ate=2012-03-02

[Cjay]

Thirty three. Hmmm. Isn't that a favorite number of the Illuminati? Coincidence?

[Eric J (Viking)]

152 BANKING RESIGNATIONS AS OF 3/7/12 ....going up and up!!

http://americankabuki.blogspot.com/p...rld-banks.html

viking

[Daozen]

Up to 177 now:

http://americankabuki.blogspot.com/p...rld-banks.html

I really hope the Pope does step down.

[Sabrina]

More on the Allen Stanford case:

http://www.bbc.co.uk/news/world-us-canada-17307229

Jury rules Allen Stanford's assets can be Seized

US authorities can try to seize $330m (£208m) linked to the convicted pyramid schemer Allen Stanford, a jury has ruled.

On Tuesday, Stanford was found guilty of swindling $7bn from about 30,000 investors around the world.

Officials can now target 29 accounts in Switzerland, Britain and Canada, after a jury found there was enough evidence to link the funds to the scheme.


Stanford is due to be sentenced in his home state of Texas on 14 June.

He faces up to 20 years in prison on the most serious charges.

Court-appointed liquidators in the Caribbean island of Antigua, where Mr Stanford's bank was based are also trying to seize the assets

[sdv]

Or perhaps a very cynical view is that they are taking all the money they have 'stolen' and running because global protest has made them fearful of being held accountable?

Interestingly, for two years in a row now, the chief executives in the bank I use (Standard Bank) have not given themselves salary increases and in the last year declined to take a bonus as well (in this country a thirteenth cheque as a bonus is standard practice unless a business has had a really bad year). Their reason? They earn enough from their salaries and in times of economic hardship it is immoral for them to give themselves increases and bonuses (i.e. they don't need more).

Before you think I am cheerleading for a bank: bank charges we pay are so high, and interest rates have always been high (I think the interest rate on my home loan is about 14% and I negotiated a special deal becuase I worked for a big corporation at the time). Oh, and another interisting thing is that if you have a lot of money in the bank, and a big overdraft, you get a special account, your own personal banker and don't pay the high bank charges. I know this as a fact because my sister, who has a lot more money than I do, was given this special account by the same bank I use (without even asking for it). Grrr!

[DreamsInDigital]

There is no where for them to run or hide.

[Sabrina]

http://www.christian-faith.com/forje...-april-15-2012

According to Italian daily newspaper "Libero", Pope Benedict XVI is thinking about leaving the papacy next April, when he will turn 85.
ANdrea Tornielli
Vatican City
There is one front page news story that will certainly not go unnoticed: that is, that the Pope is thinking about resigning during the Spring of 2012. Journalist Antonio Socci has confirmed the same in the Italian daily, Libero.
"For now,” Socci writes, “he is saying that this may be true (Joseph Ratzinger’s personal assumption), but I hope the story does not reach the news. But this rumor is circulating high up in the Vatican and therefore deserves close attention. The Pope has not rejected the possibility of his resignation when he turns 85 in April next year.”
Socci recalls that the assumption he will resign, without any hitches, was the same thing Ratzinger talked about in an interview in the book “Luce del mondo” (Light of the World), when, in response to a question by interviewer Peter Seewald, he said: “When a Pope arrives at a clear awareness that he no longer has the physical, mental, or psychological capacity to carry out the task that has been entrusted to him, then he has the right, and in some cases, even the duty to resign.” Furthermore, in another passage, Benedict XVI wondered if he would be able to “withstand it all, just from the physical point of view.”
Next Up is Peter the Roman.

[Eric J (Viking)]

up and up some more>>> now 236

quote...
236 RESIGNATIONS/ARRESTS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS

View the list here:

http://americankabuki.blogspot.com/p...rld-banks.html

If anyone thinks this is not hugely significant & unprecedented they are simply ignoring the fast increasing hard news evidence.

Evidently heading the top worldwide banking & financial institutions is becoming an increasingly unpopular profession. Just in the last week two were killed & five resigned from Goldman Sachs the same day
(including 3 board members). It just appears that rats are deserting the ship (being forced out to resign, being arrested, or killed by their own probably to cover up what they know).

~~~~~~~~

viking

[aranuk]

Posted by Kimberley (here)
Bumping again ....as every one who is following this story would be well served to see the above several posts from Sabrina!!! Much love and whoo hoo the dominoes are a falling away one by one at a rapid rate!!!
XO

So it seems Kimberley. Does anyone know if there have been arrests in Europe or USA and convictions in prison yet? I am sorry if there have been reports on this thread and I haven't noticed it yet.

Stan