Massive Bank and High Profile Resignations Across the World

[Sabrina]

Pacific Basin Shippi : Resignation of Non-Executive Director - Hong Kong Stock Exchange
http://www.4-traders.com/PACIFIC-BAS...ctor-14207256/
RESIGNATION OF NON-EXECUTIVE DIRECTOR
The Board of the Company announces that Mr. Richard Maurice Hext has resigned from the position of Non-executive Director of the Company today with effect from 9 March 2012.

also


http://www.infomine.com/index/pr/PB167309.PDF
London Stock Exchange
African Barrick Gold plc (the "Company" or "ABG")
ABG announces that James Cross has decided to step down as Independent Non-Executive Director for personal reasons, with effect from 8th March 2012.

[Sabrina]

9 March - (AP)

COLUMBIA, S.C. (Associated Press) — In less than six hours, former Lt. Gov. Ken Ard went from a heartbeat away from being South Carolina's governor to a disgraced convict serving five years of probation for scheming to violate campaign finance laws and spending money donated to his campaign on himself and his family.

[Sabrina]

GOVERNMENT OFFICIALS

Norway
Top bureaucrat also resigns from troubled ministry
http://www.newsinenglish.no/2012/03/...bled-ministry/
March 8, 2012
Harald Nybøen, who held the top bureaucratic post at Norway’s beleaguered government ministry in charge of family and equality issues, has resigned just two days after the ministry’s top politician, Audun Lysbakken, resigned as minister himself.
Nybøen had led the ministry for 15 years and it’s highly unusual for top state bureaucrats to leave their posts. Lysbakken, though, had alluded to a history of questionable practices within the ministry involving extra funding allocations, suggesting violations like the ones that toppled him had occurred before.


Northern Ireland
http://sluggerotoole.com/2012/03/09/...ion-interview/
Tom Elliott, who resigned as Ulster Unionist leader last night, says he quit because of growing tensions within the party. He also says there has been an “uneasy atmosphere” in the Ulster Unionist Party in recent days and claimed that some of his colleagues have been making life difficult for him by briefing journalists “lies”.

BANK OF SOUTHERN AFRICA

http://www.link2media.co.za/index.ph...5334&Itemid=12

9 March

The DBSA Board regretfully announces the resignation of Mr Paul Baloyi, the Chief Executive of the Development Bank of Southern Africa. Mr Baloyi will be leaving the DBSA to pursue personal interests.

Mr Baloyi joined the Bank in 2006 and, under his stewardship, the DBSA has seen significant improvements in its operations as well as a major expansion in the Bank's scope of activities, thus enhancing the DBSA's developmental effectiveness and standing as a leading development finance institution.

[ThePythonicCow]

Posted by viking (here)
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).

Aye, aye, sir.

But to what end, by whose orders, ... ?

Whose hand is the hidden hand?

Who will be left standing?

Who are replacing the departed, and to whom are they loyal?

[778 neighbour of some guy]

Posted by Paul (here)

Posted by viking (here)
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).

Aye, aye, sir.

But to what end, by whose orders, ... ?

Whose hand is the hidden hand?

Who will be left standing?

Who are replacing the departed, and to whom are they loyal?

Indeed, your last sentence, plus who benefits plus will it make a positive difference for all us in on short term and for the long haul.

[Sabrina]

Various investigations and trials across the world, which may have been there for years in some cases, seem to be reaching a positive conclusion. Even if punishment isn't always evident yet, revealing the truth about corruption must be a plus, when so much has been hidden or dismissed. S

http://www.guardian.co.uk/business/2...ous-misconduct

UK

A division of the former HBOS bank has been found guilty of "very serious misconduct" by the Financial Services Authority in a damning critique of the way it was managed in the runup to its taxpayer bailout and rescue by Lloyds Banking Group.

The Bank of Scotland division of HBOS only escaped a "very substantial penalty" because the taxpayer would have had to foot the bill. It is understood that the fine would have easily surpassed the £17.5m penalty slapped on Goldman Sachs for systems failures.

The FSA said BoS's corporate division ran an aggressive, high-risk growth strategy, prioritised optimism over prudence and sanctioned too many big loans to a small number of borrowers. It said the bank was too optimistic over bad debts and did not take "reasonable care" to control its affairs.

Business plans set ever increasing targets for profit growth in the corporate arm – and targets were increased during the first half of 2007 to "imprudent" levels as the group looked to the corporate division to make up for the underperformance of the retail arm.

As it appeared to set out a case to take enforcement action against the bank's management, the FSA's decision notice pointed to a "collective denial" about the impact of the financial crisis on the bank's corporate lending division.

While the FSA has closed its investigation into the firm, it stressed that "other enforcement proceedings in connection to the failure of HBOS are ongoing".


and

http://www.guardian.co.uk/business/n...fsa-name-names

But the story will become more interesting when it does start to name names — both at the bank and within the FSA itself.


HSBOS Whistleblower interview:

http://consciouslifenews.com/hbos-wh...eople/1125779/

[Sabrina]

Posted by aranuk (here)

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

There's been quite a few, and some cases on-going. Just a random collection from threads here: Royal Bank Scotland employee fraud arrests in UK, Vatican priests charged, Swiss UBS rogue trader charged, Threadneedle Asset Mgnt. 150m dollar fraud uncovered, Mumbai Congress Chief prosecuted, UK MEP fraud probe, UK's A4e 'back to work' company fraud investigation, Kuwait cabinet resigns over corruption probe, Albert Stanley ex-Halliburton exec. sentenced, Timothy Geithner questioned by New Yk police, civil claims re: mortgage based securities may be faced by Goldman Sachs, Wells Fargo and JP Morgan, Fed authority insider trading problem, ex Icelandic PM on trial, German prosecutors stock market fraud with 80 searches across Europe, Netanyahu investigated for corruption, Egypt issues corruption decree, ex Citigroup private banker convicted of fraud in Indonesia causing problems for Asian expansion, Olympus execs prosecuted in Japan, Allen Stanford convicted, South Carolina Gov. convicted, UK's FSA directs very serious misconduct claim at HSBOS. There's more but I'm going cross-eyed....

[foreverfan]

Sabrina... thanks for all the tireless work you do.

Please be sure to wake me up when the Military inserts Ron Paul as President, throws Congress and the Supreme Court Judges out and ends the Federal Reserve!

[Trismegistus]

Posted by foreverfan (here)
Please be sure to wake me up when the Military inserts Ron Paul as President, throws Congress and the Supreme Court Judges out and ends the Federal Reserve!

Out of curiosity, are you saying you are hoping for a military coup in the US?

[foreverfan]

Posted by Trismegistus (here)

Posted by foreverfan (here)
Please be sure to wake me up when the Military inserts Ron Paul as President, throws Congress and the Supreme Court Judges out and ends the Federal Reserve!

Out of curiosity, are you saying you are hoping for a military coup in the US?

If that's what it takes to end the corruption, so be it. Remember the military took an oath to protect this country from all treats Foreign and Domestic. I'm not saying I want the Military Industrial Complex to run the country. They need to be eliminated. We need to do a system reset.

So any real power lies with them.

[Sabrina]

John Kettler's take on it - Newsletter 11 March

Mighty blows have already been struck, as seen in the financial
sector, where the rats are abandoning ship at a furious rate, even
as financial experts from the Universities of Evolution arrive to
replace the rotters at the top, creating a cascading effect which
will eventually unhinge the whole system of financial domination,
oppression and control. Also, cracks in control of the media are
beginning to appear as well, with more to follow. These things are
all to the good.

But much remains to be done. The foe is utterly determined, seeking
ever the tiniest opening to exploit, and will not back down. But so
are we, both here on Earth and "topside." The unwanted Dark Force
presence will and is being destroyed, the NWO has taken some nasty
hits already, with more to follow, and people are FINALLY starting
to wake up and take back their power. This is quite evident in the
comments I'm seeing and in what's going on in the world at large.
I know it looks like we're about to go down the tubes, but see it
instead as healing crisis, in which the patient (Earth/us) gets
worse before getting better. Make no mistake: The opposition, for
all its obvious efforts to enslave and kill us, is running scared.
The stink of desperation is in the air. It has no timeouts left,
and the game's nearly over!

Sincerely,
John Kettler
JohnKettler.com

[Sabrina]

Syrian deputy oil minister announces resignation
Syria’s deputy oil minister has announced his resignation, saying he is instead joining the anti-government revolt against President Bashar Assad in a video posted on YouTube overnight.
http://www.telegraph.co.uk/news/worl...signation.html

[Sabrina]

http://www.themalaysianinsider.com/m...gnation-today/

KUALA LUMPUR, March 11 — Datuk Seri Shahrizat Abdul Jalil will announce her resignation, likely from all posts, in a press conference later today.....

Umno’s New Straits Times had reported this morning the women, family and community development minister will quit all her posts “in the next few days.” The newspaper, quoting unnamed sources, said she told a close circle of executive council members on Friday she would step down as minister and Wanita Umno chief.......

Speculation about Shahrizat’s fate has intensified in recent weeks, following months of allegations that she and her family had used a RM250 million federal loan earmarked for the National Feedlot Corporation (NFCorp) to pay for personal expenses.

[Sabrina]

http://risu.org.ua/en/index/all_news...cs/ugcc/40621/




BULGARIA
Chief of staff of Bulgarian social policy minister resigns
09 March 2012 | 13:37 | FOCUS News Agency
Home / Bulgaria
Sofia. Dimitar Markov, chief of staff of Bulgarian Minister of Labor and Social Policy Totyu Mladenov, has handed in his resignation, citing personal motives, Bulgarian National Radio reported.
Markov was on the list of senior public servants who returned bonuses they received.


UKRAINE
On Thursday, February 10, 2011, the Vatican announced that Pope Benedict XVI, according to the prescriptions of canon 126 § 2 of the Code of Canons of the Eastern Churches, accepted the resignation of the head of the Ukrainian Greek Catholic Church Major Archbishop of Kyiv-Halych His Beatitude Patriarch Lubomyr Husar.

Patriarch Lubomyr personally asked for the decision. He leaves his office voluntarily.


Must be boom time for leaving parties?? S.

[Bryn ap Gwilym]

Its also that time of year that resignation's are the norm as election's from local to national governments are taking or about to take place. Officials / board members swapping from one committee to another is nothing new as they are all jockeying to safeguard their new place on the ladder.

Is it then a coincidence that these resignation's are coinciding with various levels of govt elections?
Is it also possible that certain folk are taking advantage of this annual / decade job fest & turning it into some bizarre, seedy & juicy phenomenon that's fits snuggle into their own agenda?

Yes there is shuffling going on, but from what I can see, its not what folk via the truth movement are being told.

Until the likes of Tony B_Liar, Bush & many many more are arrested & the war machine retreats instead of advancing like they are, then I am nowhere near convinced by any of these resignation's.

[Sabrina]

Posted by Bryn ap Gwilym (here)
Its also that time of year that resignation's are the norm as election's from local to national governments are taking or about to take place. Officials / board members swapping from one committee to another is nothing new as they are all jockeying to safeguard their new place on the ladder.

Is it then a coincidence that these resignation's are coinciding with various levels of govt elections?
Is it also possible that certain folk are taking advantage of this annual / decade job fest & turning it into some bizarre, seedy & juicy phenomenon that's fits snuggle into their own agenda?

Yes there is shuffling going on, but from what I can see, its not what folk via the truth movement are being told.

Until the likes of Tony B_Liar, Bush & many many more are arrested & the war machine retreats instead of advancing like they are, then I am nowhere near convinced by any of these resignation's.

A number of the government resignations are through corruption accusations at the moment - or through an unwillingness to play the game any more. I don't bother to post resignations if people are going onto do other jobs etc. Personally, I think that in the past corruption would have been ignored or not discovered. At the moment, I think a great deal of untruths are coming to the surface to be dealt with - increase in energetic frequencies or nudgings from white hats or the truth coming out to be transmuted - but the levels and lack of solid reasons or the corruption uncovered are unusual to say the least.

[Kimberley]

Thank you Sabrina for the work you are doing with keeping us up to date!!!

A friend sent this to me...254 RESIGNATIONS FROM WORLD BANKS, INVESTMENT HOUSES, MONEY FUNDS

Updated 3/10/12 More additions, thanks to Sophie who has kept me very busy. Thanks also to Gabriel at http://www.facebook.com/MassResignations for tracking Insurance, Government and Healthcare Resignations.

254 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.

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

[Sabrina]

http://www.thisislondon.co.uk/news/u...s-7541864.html
6 March

Two senior journalists at News International have apparently attempted to commit suicide as pressure mounts inside the Murdoch media empire.

The reporters appeared to try to take their own lives after the company turned over 300 million emails and internal papers to detectives investigating phone-hacking and alleged bribery of public officials.

The journalists, whom the Standard has decided not to name, were checked into hospital at the expense of News International on the orders of Rupert Murdoch.

Sources said other journalists inside the Wapping HQ look “terribly stressed and many are on the edge”. It is understood the company’s offer of psychiatric help is available to any journalist who feels under pressure.

The tragic developments happened after News Corp’s Management and Standards Commitee, a branch of the empire that reports directly to independent board directors in New York, passed evidence to Scotland Yard.

Eleven reporters and senior executives from The Sun have been arrested in recent weeks by police officers from Operation Elveden, which is investigating alleged illegal payments to police officers and civil servants.

The MSC’s co-operation with the police has triggered a civil war inside the Murdoch empire. Bosses at News International, its UK-newspaper subsidiary, are furious that the committee, headed by Lord Grabiner QC, has “sold journalists down the river”.

Last week, Deputy Assistant Commissioner Sue Akers, who is in charge of the investigations into News International, told the Leveson Inquiry she believed The Sun had established a “network of corrupted officials” inside the police, the armed forces and other key public organisations. No one from The Sun or the News International has yet been charged with an offence.

Another source said the company’s handling of the crisis had been “disastrous”. He added: “This all appears to be an attempt to save James Murdoch.” Murdoch Jnr, who was in charge of News International during the phone-hacking crisis and the alleged cover-up, resigned as executive chairman last week and moved to New York.

Today, former Scotland Yard commissioner Lord Condon told the Leveson Inquiry into the phone hacking crisis that he was “very disappointed” by events at the Met.

“I have been concerned by some of the issues that have emerged and had I still been involved in the Service I would probably be very angry,” he said.

He described the “history of police malpractice” as “cyclical” and called for Lord Justice Leveson, who is this week looking at relations between the Met and the media, to suggest “enduring” reforms to the relationship between the press and the police.

Lord Condon, who led the Met in the Nineties, said: “The history of police malpractice goes: scandal, inquiry, remedial action, relaxation, complacency, scandal, inquiry and that’s been on about a 20-year cycle.”

[Sabrina]

Yet more coming to the surface...

http://www.telegraph.co.uk/finance/n...g-scandal.html
10 March

British banks hit by new mis-selling scandal

All of the UK's major banks, including Barclays and HSBC, as well as taxpayer-backed lenders Lloyds Banking Group and Royal Bank of Scotland, are facing legal action which could lead to billions of pounds of damages for small and medium-sized businesses.
The businesses claim the banks profited at their expense from pushing them to take out highly complex interest rate derivatives.
Many of the claimants spoken to by The Sunday Telegraph said they were not aware of the significant costs attached to the products that were supposed to protect loans from upward movements in interest rates.
When interest rates plunged after the 2008 financial crisis, businesses were left facing significant bills, with some of the derivatives costing business owners hundreds of thousands to millions of pounds.

[Sabrina]

3/10/12 (TURKEY) Deputy CEO of Turkish lender Garanti Bank Tolga Egemen quits
http://goo.gl/vAMzV


3/09/12 (BERMUDA) MD of Vestar Capital Partners Sander Levy resigns from board
http://tinyurl.com/6vj6bkl


3/09/12 (AUSTRALIA) Bank of Queensland CFO Ram Kangatharan to leave the bank.
http://tinyurl.com/6n4m7h3


3/09/12 (USA) Cerberus Capital Management LP, CEO Robert Nardelli resigns, also from Freedom Group Inc.
http://goo.gl/9uKVx


3/09/12 (SOUTH AFRICA) African Bank Investments Ltd. company secretary Yashmita Mistry resigns
http://goo.gl/tHRH4


3/09/12 (UK) Deutsche Bank PWM, head of discretionary management, Kypros Charalambous steps down
http://goo.gl/5Ti2p


3/09/12 (UK) Deutsche Bank PWM UK head Martyn Surguy quits
http://tinyurl.com/79feuof

9th and 10th March resignations via Facebook resignations site.

3/09/12 (UK) Alexis de Rosnay co-head of Lazard investment banking, quits
http://tinyurl.com/85jevkh


3/09/12 (HONG KONG) BofA Merrill Lynch debt capital market banker Leonard Ng resigns
http://tinyurl.com/6tehyfw


3/09/12 (SOUTHEAST ASIA) BofA Merrill Lynch debt capital market banker Jimmy Choi resigns
http://tinyurl.com/6tehyfw


3/09/12 (SOUTHEAST ASIA) BofA Merrill Lynch debt capital market banker K.J. Kim resigns
http://tinyurl.com/6tehyfw


3/09/12 (NZ/AUSTRALIA) CEO of St George bank (subsidiary of Westpac) Rob Chapman leaves
http://tinyurl.com/6tyvq7e


3/09/12 (USA) REIT Corporate Office Properties Trust CEO Randall M. Griffin to leave
http://tinyurl.com/7359xbf


3/09/12 (MONGOLIA) Mongol Bank president Alag Batsukh resigned
http://goo.gl/RDmNx