American Kabuki ~ 81 Resignations ~ Musings on the Finite Statist Machine

[Darla Ken Jensen Pearce]

American Kabuki
Musings On The Finite Statist Machine

Monday, February 27, 2012

81 RESIGNATIONS FROM WORLD BANKS 2/27/12

BANK CEO AND EXECUTIVE RESIGNATION UPDATE 2/27/12
.................................

81 RESIGNATIONS FROM WORLD BANKS:

(1) 9/01/11 (USA NY) Bank of New York Mellon Chief Resigns in a Shake-UP
http://loanworkout.org/2011/09/bank-...in-a-shake-up/

(2) 09/20/12 (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://www.heraldscotland.com/mobile...a31e9fca7eeb2a

(3) 9/25/11 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis
http://www.dailymail.co.uk/news/arti...g-scandal.html

(4) 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012
https://docs.google.com/viewer?url=h...0111028.en.pdf

(5) 10/29/11 (CHINA) Resignations Suggest Shift for China's Banks
http://online.wsj.com/article/SB1000...190522426.html

(6) 11/01/12 (INDIA) More directors of the Beed district bank resign
http://www.thenews.coop/article/more...ct-bank-resign

(7) 11/02/12 (UNITED KINGDOM) 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://www.bankingtimes.co.uk/2011/1...on-sick-leave/

(8) 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://www.bloomberg.com/news/2011-1...to-resign.html

(9) 11/29/11 (Iran) Iran's Bank Melli CEO Resigns Over Loan Scam
http://www.dailymotion.com/video/xlc...loan-scam_news

(10) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]
http://www.reuters.com/article/2011/...7NF23S20111215

(11) 12/22/11 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/...ef-steps-down/

(12) 12/23/11 (USA VA) Bank feud: Chairman Giles quits VNB with other directors
http://www.readthehook.com/102524/ba...ther-directors

(13) 1/01/12 (NIGERIA) The Board of United Bank for Africa Plc, the pan African financial services Group with presence in 19 countries across Africa, has accepted the resignation of Mr. Victor Osadolor, from the board with effect from January 9, 2012.
http://www.ubagroup.com/mediacentre/newsdetails/343

(14) 1/01/12 (ISRAEL) Israel's Bank Leumi CEO Maor steps down after 16 years
http://www.reuters.com/article/2012/...8C108220120101

(15) 1/03/12 (USA VA) Suffolk Bancorp president and CEO steps down
http://riverheadlocal.com/local-news...ceo-steps-down

(16) 1/03/12 (UNITED KINGDOM) Departures from Board at Arbuthnot Banking Group: Neil Kirton
Shortly before the market closed at 12.30 p.m. on Friday the company disclosed that Neil Kirton had resigned from the Board the previous day.
http://www.stockmarketwire.com/artic...ing-Group.html

(17) 1/03/12 (UNITED KINGDOM) Departures from Board at Arbuthnot Banking Group: Atholl Turrell
It has today stated that Atholl Turrell has left the Board.
http://www.stockmarketwire.com/artic...ing-Group.html

(18) 1/05/12 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down
http://www.ftadviser.com/2012/01/05/...M/article.html

(19)1/09/12 (SWITZERLAND) Switzerland's central bank chief resigns
http://www.aljazeera.com/news/europe...612935171.html

(20) 1/12/12 (United Kingdom) Lloyds’ head of wholesale quits
http://www.bankingtimes.co.uk/2012/0...olesale-quits/

(21) 1/19/12 (SPAIN) Spanish bank Santander's Americas chief quits
http://www.expatica.com/es/news/span...ts_202395.html

(22) 1/30/12 (UNITED KINGDOM) Head Of UK Private Bank Steps Down [Butterfield Private Bank]
http://www.wealthbriefing.com/html/a..._Down&id=43933

(23) 1/20/12 (JAPAN) Normura's head of wholesale banking quits
http://www.euromoney.com/Article/295...ing-quits.html

(24) 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September
http://www.bloomberg.com/news/2012-0...september.html

(25) 1/21/12 (Greece) Banks' top negotiator quits Greece, but talks go on
http://www.france24.com/en/20120121-...e-but-talks-go

(26) 2/01/12 (SOUTH AFRICA) ABSA falls as deputy CEO steps down [UK Barclay's Bank Controlledl
http://m.news24.com/fin24/Companies/...-down-20120201

(27) 2/01/12 (UNITED KINGDOM) Truett Tate - Lloyds Bankging Group head of wholesale quits
http://www.bankingtimes.co.uk/2012/0...olesale-quits/

(28) 2/01/12 (UNITED KINGDOM) Tim TOokey - Llyods Banking Group leaving end of February having served as interim group chief executive in addition to group finance director
http://www.bankingtimes.co.uk/2012/0...olesale-quits/

"Mr Tookey, who has been with the group since 2006, will leave at the end of February after preparing the bank’s accounts for 2011. He will not get a pay-off."
http://www.heraldscotland.com/mobile...a31e9fca7eeb2a

(29) 2/02/12 (VENEZUELA) Key Chavez Minister Resigns Amid Banking Corruption Fallout
http://www.laht.com/article.asp?Cate...ticleId=348565

(30) 2/05/12 (USA - NY) Two Top Morgan Stanley Bankers Resign
http://www.stockbroker-fraud.com/law...y-1133774.html

(31) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits: http://www.livemint.com/2012/02/0616...itabh-Cha.html

(32) 2/7/12 (USA) Bank Of America's Mortgage Business Chief Resigns
http://www.mortgageorb.com/e107_plug...?content.10881

(33) 2/07/12 (INDIA) Falguni Nayar quits Kotak Mahindra Bank
http://articles.economictimes.indiat...anti-ekambaram

(34) 2/07/12 (IRAN) Iran denies central bank resignation rumor (don't believe until its denied?)
http://finance.yahoo.com/news/iran-d...164154294.html

(35) 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal
http://articles.businessinsider.com/...ces-italian-tv

(36) 2/10/12 (KOREA) Korea Exchange Bank chief steps down
http://english.yonhapnews.co.kr/busi...005100320.HTML

(37) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/ind...esigns/464259/

(38) 2/13/12 (KUWAIT) Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/busine...OAR_story.html

(39) 2/14/12 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-0...-amid-row.html

(40) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank
http://www.socialenterpriselive.com/...n-charity-bank

(41) 2/14/12 (UKRAINE) The National Bank of Ukraine issued a short statement on Thursday announcing the resignation of deputy governor Volodymyr Krotiuk.
http://webcache.googleusercontent.co...&gl=us&strip=1

(42) 2/15/12 (WORLD) World Bank CEO Zoellick resigns
http://business.time.com/2012/02/15/...llick-resigns/

Did the White House tell the World Bank president that he's out?
http://bosco.foreignpolicy.com/posts...t_that_hes_out

(43) 2/15/12 (SLOVENIA) Slovenia TWO largest Banks CEO's (2) resign
http://www.bloomberg.com/news/2012-0...s-resigns.html

(44) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign
http://www.centralbanking.com/centra...overnor-resign

(45) 2/16/12 (UNITED KINGDOM) The Financial Services Authority’s (FSA’s) interim managing director, Conduct Business Unit, Margaret Cole, is to step down later this year.
FSA is the regulator of all providers of financial services in the UK; Bank of England retains
responsibility for systemic risk.
http://www.bankingtimes.co.uk/2012/0...-to-step-down/

(46) 2/16/12 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group
http://business.thinkghana.com/pages...1202/57429.php

(47) 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Quits
http://webcache.googleusercontent.co...&ct=clnk&gl=us

(48) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns
http://www.proformative.com/news/147...-amid-turmoill

(49) 2/16/12 (UNITED KINGDOM) Royal Bank of Scotland Bankers Arrested
http://www.telegraph.co.uk/finance/f...tax-probe.html

(50) 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns
http://www.theaustralian.com.au/busi...-1226272513981

(51) 2/17/12 (USA) Blankfein out as Goldman Sachs CEO by summer
http://finance.fortune.cnn.com/2012/...goldman-sachs/

(52) 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass To Leave Central Bank
http://online.wsj.com/article/BT-CO-...17-710604.html

(53) 2/18/12 (PAKISTAN) AJK Bank’s executive steps down
http://www.nation.com.pk/pakistan-ne...Latest+News%29

(54) 2/20/12 (RUSSIA) Head of Russian Bank Regulator Steps Down
http://newsley.com/articles/head-of-...ps-down/206711

(55) 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/201...n-resigns.html

(56) 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd. : Mr. Zvi Itskovitch Announces his Decision to Redesign From Bank Leumi
http://www.4-traders.com/BANK-LEUMI-...eumi-14031540/

(57) 2/20/12 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorporation, Inc. and Seneca National Bank
http://investing.businessweek.com/re...capId=25695731

(58) 2/20/12 (USA WA) First Financial Northwest Director Quits in Candy Austerity Push[shades of the movie The Caine Mutiny?] First Financial Northwest Inc., a Renton, Washington-based lender, said director Spencer Schneider resigned after asking the bank to remove pictures of past directors and serve only hard candies at annual meetings.Schneider made the requests at a Feb. 15 board meeting as “symbols of austerity,” and also asked that the bank suspend serving refreshments at the annual shareholders’ meeting, offering just hard candies instead, he said. Schneider, general counsel for shareholder Joseph Stilwell, resigned immediately when the company asked that his requests be placed on the agenda for a board meeting next month, the bank said yesterday.
http://www.businessweek.com/news/201...rity-push.html

(59) 2/21/12 (ARGENTINA) The general manager of the Central Bank of Argentina (BCRA), Benigno Velez, resigned his position today.
http://m24digital.com/en/2012/02/21/...esigned-today/

(60) 2/21/12 (BANGLADESH) Five bank, insurance directors resign
http://www.thefinancialexpress-bd.co...ate=2012-02-21

(61) 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://www.bloomberg.com/news/2012-0...ompliance.html

(62) 2/22/12 (USA) Wietschner, Goldman Hedge Fund Advisory Chief, Retires
https://www.finalternatives.com/node/19689

(63) 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank
http://mobile.bloomberg.com/news/201...nt-banker-gush

(64) 2/23/12 (SCOTLAND) Royal Bank of Scotland Group has announced that John McFarlane will step down as a Non-executive Director on 31 March 2012, as a regulatory condition of his impending appointment at Aviva.

(65) 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns, may start up law firm
http://www.legallyindia.com/20120224...rt-up-law-firm

(66) 2/24/12 (HONG KONG) Citigroup Private Bank’s Co-Head of Global Real Estate Resigns
Feb. 24 (Bloomberg) -- Kwang Meng Quek, co-head of the global real estate group at Citigroup Inc.’s private banking unit, resigned.
http://www.businessweek.com/news/201...e-resigns.html

(67) 2/24/12 (NEW ZEALAND) FSF Executive Director resigns
After two years leading the Financial Services Federation ("FSF") executive director, Kirk Hope has resigned to take up the role of chief executive of the New Zealand Bankers? Association.
http://www.voxy.co.nz/business/fsf-e...signs/5/115797

(68) 2/24/12 (USA) Evercore's Mestre steps down as U.S. banking head
(Reuters) - Eduardo Mestre has stepped down as day-to-day head of Evercore Partners Inc's U.S. investment banking business, the New York-based company said in a regulatory filing

(69) 2/25/12 (AUSTRALIA AND NEW ZEALAND) Goldman Sachs: Fitz quits
Stephen Fitzgerald has resigned as Australia and New Zealand chairman and advisory director at Goldman Sachs, after 20 years with the bank. His departure comes less than a year after Goldman took full control of its Australian joint venture, formerly known as Goldman Sachs JBWere.
http://www.ifrasia.com/goldman-sachs...001856.article

(70) 2/27/12 (GERMANY) Deutsche Bank Americas chief steps down
http://www.cbsnews.com/8301-505245_1...ef-steps-down/

(71) 2/27/12 (BAHRAIN) Ebrahim Ebrahim quits as CEO of Khaleeji Commercial Bank
http://www.cpifinancial.net/news/pos...ommercial-bank

(72) 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/...ef-steps-down/

(73) 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
http://twentyfoursevennews.com/banki...roudi-resigns/

(74) 2/27/12 (JAPAN) Nomura’s Head Of Wholesale Banking Quits
http://atomiclotusbox.wordpress.com/...banking-quits/

(75) 2/27/12 (INDIA) Falguni Nayar Quits Kotak Mahindra Bank
http://atomiclotusbox.wordpress.com/...mahindra-bank/

(76) 2/27/12 (GERMANY) Equiduct chairman steps down
http://www.efinancialnews.com/story/...dlines-home-TT

(77) 2/27/12 (BAHRAIN) Al Zain steps down as Mumtalakat Holding CEO
The board of directors of Bahrain Mumtalakat Holding Company (Mumtalakat),Bahrain’s Sovereign Wealth Fund, has accepted the resignation of the Chief Executive Officer, Talal Al Zain, following the completion of a four year term as head of the investment arm for non-oil and gas assets of the Kingdom of Bahrain.
http://twentyfoursevennews.com/bahra...t-holding-ceo/

(78) 2/27/12 (IRAN) Iran’s Bank Melli CEO Resigns Over Loan Scam
http://atomiclotusbox.wordpress.com/...ver-loan-scam/

(79) 2/27/12 (INDIA/KASHMIR) AJK Bank’s Executive Steps Down
http://www.monitorkashmir.com/conten...26filter%3Dall

(80) 2/27/12 (UNITED KINGDOM) Moreno to step down at Lloyds Banking Group
Lloyds Banking Group has announced that Glen Moreno, its senior independent director, intends not to seek re-election at the bank’s annual general meeting on 17th May, and will retire from the board on that date.
http://www.bankingtimes.co.uk/2012/0...own-at-lloyds/


(81) 2/28/12 (HONG KONG) Leung `to enjoy life' as she calls it quits
http://www.thestandard.com.hk/news_d...=20120228&fc=1

I found this for you here: http://americankabuki.blogspot.com/2...12443344322570

[Solstyse]

Well headline is a bit misleading

More like 81 RESIGNATIONS FROM WORLD BANKS FROM 9/01/11 TOO 2/27/12

There is actually no mentions of arrest, if anything some of these have been directly linked to Anonymous leaking hacked information. Score one for the home team
How many more heads will roll in the next few days?

[Mozart]

I did some research into this thinking that the resignations of CFOs are even MORE telling than the resignations of CEOs.

Look at this article:

http://www.cio.com/article/696242/Wh...ruptcy_Follow_

[Ria]

(10) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]
http://www.reuters.com/article/2011/...7NF23S20111215
This is the toff's bank [queen and friends]

(49) 2/16/12 (UNITED KINGDOM) Royal Bank of Scotland Bankers Arrested
http://www.telegraph.co.uk/finance/f...tax-probe.html
Well here is a start.

[Paul]

Posted by Mozart (here)
I did some research into this thinking that the resignations of CFOs are even MORE telling than the resignations of CEOs.

Look at this article:

http://dprogram.net/2010/02/07/over-...-last-3-weeks/

That article is dated February 7, 2010 -- over two years ago

It is sub-titled: "Resignations and retirements circa November/December 2009-January/February 2010."

Posted by Mozart (here)
And this one:

http://www.cio.com/article/696242/Wh...ruptcy_Follow_

And that one presents the results of a study that investigated a sample of 9,942 firm years from 2008 and 2009.

The study showed "a significant relationship between CEO and CFO resignations and the firm's subsequent bankruptcy even after controlling for other predictors of bankruptcy."

[Mozart]

Thanks, mate, for catching the first one. My bad on that one.

But I was aware that the second one was a study of the general effect of the CFOs resigning as a bellweather for the health of corporations.

Now what one needs to do is to find out whether or not that there has been a spate of CFOs resigning along with the CEOs recently (since the 1st of Jan) and I bet that there would be a correlation.

[Cjay]

Posted by Solstyse (here)
Well headline is a bit misleading

More like 81 RESIGNATIONS FROM WORLD BANKS FROM 9/01/11 TOO 2/27/12

56 Resignations in February 2012.

How many banks are there in the world? People get fed up with (or f**k up in) their jobs all the time, so it would be normal to expect resignations to be occuring every month in every industry.

How significant are these resignations really? What are the circumstances that led to the resignations?

If 56 resignations this month grows to twice as many next month and the number doubles again in April - AND these are followed up with mass arrests of criminal bankers, politicians, public servants and CEOs of big corporations, big pharma, military leaders, religious leaders, exposure of Illuminati, full disclosure of UFOs/ETs/EDs and so on, then I think we will have something to be excited about.

[Cjay]

Royal Bank of Scotland employees arrested over alleged tax fraud

Sunday 12 February 2012

“This investigation relates to the actions of the people arrested in relation to their own financial affairs and is not connected to the business activities of the banks.”

Source: http://www.scotsman.com/news/royal_b...raud_1_2113341


Still no arrests in relation to the 15 Trillion dollar fraud.