Received this list on an email – and what a list.
~~ Start ~~
Romanian prime minister and cabinet resign en masse
http://www.guardian.co.uk/world/2012…cabinet-resign
2/20/12 (GERMANY) GERMAN PRESIDENT Christian Ruff resigns (financial corruption charges)
http://www.dailymail.co.uk/news/arti…ed-resign.html
RESIGNATIONS FROM WORLD BANKS:
(1) 9/25/11 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis
http://www.dailymail.co.uk/news/arti…g-scandal.html
(2) 10/29/11 (CHINA) Resignations Suggest Shift for China’s Banks
http://online.wsj.com/article/SB1000…190522426.html
(3) 11/01/12 (INDIA) More directors of the Beed district bank resign
http://www.thenews.coop/article/more…ct-bank-resign
(4) 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://www.bloomberg.com/news/2011-1…to-resign.html
(5) 11/29/11 (Iran) Iran’s Bank Melli CEO Resigns Over Loan Scam
http://www.dailymotion.com/video/xlc…loan-scam_news
(6) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]
http://www.reuters.com/article/2011/…7NF23S20111215
(7) 12/22/11 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/…ef-steps-down/
(8) 1/05/12 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down
http://www.ftadviser.com/2012/01/05/…M/article.html
(9)1/09/12 (SWITZERLAND) Switzerland’s central bank chief resigns
http://www.aljazeera.com/news/europe…612935171.html
(10) 1/12/12 (United Kingdom) Lloyds’ head of wholesale quits
http://www.bankingtimes.co.uk/2012/0…olesale-quits/
(11) 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief quits
http://www.expatica.com/es/news/span…ts_202395.html
(12) 1/20/12 (JAPAN) Normura’s head of wholesale banking quits
http://www.euromoney.com/Article/295…ing-quits.html
(13) 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September
http://www.bloomberg.com/news/2012-0…september.html
(14) 1/21/12 (Greece) Banks’ top negotiator quits Greece, but talks go on
http://www.france24.com/en/20120121-…e-but-talks-go
(15) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:http://www.livemint.com/2012/02/0616…itabh-Cha.html
(16) 2/07/12 (INDIA) Falguni Nayar quits Kotak Mahindra Bank
http://articles.economictimes.indiat…anti-ekambaram
(17) 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
(18) 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal
http://articles.businessinsider.com/…ces-italian-tv
(19) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/ind…esigns/464259/
(20) 2/13/12 (KUWAIT) Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/busine…OAR_story.html
(21) 2/14/12 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-0…-amid-row.html
(22) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank
http://www.socialenterpriselive.com/…n-charity-bank
(23) 2/15/12 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
(24) 2/15/12 (SLOVENIA) Slovenia TWO largest Banks CEO’s (2) resign
http://www.bloomberg.com/news/2012-0…s-resigns.html
(25) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign
http://www.centralbanking.com/centra…overnor-resign
(26) 2/16/12 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group
http://business.thinkghana.com/pages…1202/57429.php
(27) 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Quits
http://webcache.googleusercontent.co…&ct=clnk&gl=us
(28) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns
http://www.proformative.com/news/147…-amid-turmoill
(29) 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns
http://www.theaustralian.com.au/busi…-1226272513981
(30) 2/17/12 (USA) Blankfein out as Goldman Sachs CEO by summer
http://finance.fortune.cnn.com/2012/…goldman-sachs/
(31) 2/18/12 (PAKISTAN) AJK Bank’s executive steps down
http://www.nation.com.pk/pakistan-ne…Latest+News%29
(32) 2/20/12 (RUSSIA) Head of Russian Bank Regulator Steps Down
http://newsley.com/articles/head-of-…ps-down/206711
(33) 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/201…n-resigns.html
(34) 2/10/12 (KOREA) Korea Exchange Bank chief steps down
http://english.yonhapnews.co.kr/busi…005100320.HTML
11-29-11 R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorporation, Inc. and Seneca National Bank
01-07-12 Iran denies central bank resignation rumor
01-09-12 Switzerland’s central bank chief resigns
02-15-12 Silvio Berlusconi Trial: Prosecutors Seek 5-Year Term
02-16-12 Swiss National Bank chairman’s resignation—A pointer to all regulators in India
02-17-12 UPDATE: SNB Council President To Leave Central Bank
02-20-12 Senior bankers caught up in film investment tax probe
02-20-12 RBS and Jefferies staff held as tax evasion investigation widens
02-20-12 Hedge fund boss whose explosive emails finally caught up with him
02-20-12 Tory hedge fund donor fined $80m in the US
Date unknown BELGIUM: Resignations
~~ End ~~
Source
The ‘Double’List
GOVERNMENT RESIGNATIONS2/6/12
Romanian prime minister and cabinet resign en masse
http://www.guardian.co.uk/world/2012/feb/06/romania-pm-cabinet-resign
2/20/12 (GERMANY) GERMAN PRESIDENT Christian Ruff resigns (financial corruption charges)
http://www.dailymail.co.uk/news/article-2102524/German-President-Christian-Wulff-forced-resign.html
RESIGNATIONS FROM WORLD BANKS:
(1) 9/25/11 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis
http://www.dailymail.co.uk/news/article-2041385/Oswald-Gruebel-resigns-UBS-boss-steps-Kweku-Adoboli-trading-scandal.html
(2) 10/29/11 (CHINA) Resignations Suggest Shift for China’s Banks
http://online.wsj.com/article/SB10001424052970203687504577003734190522426.html
(3) 11/01/12 (INDIA) More directors of the Beed district bank resign
http://www.thenews.coop/article/more-directors-beed-district-bank-resign
(4) 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
http://www.bloomberg.com/news/2011-11-22/ubs-s-japan-investment-banking-chairman-yasuki-matsui-to-resign.html
(5) 11/29/11 (Iran) Iran’s Bank Melli CEO Resigns Over Loan Scam
http://www.dailymotion.com/video/xlcznz_iran-s-bank-melli-ceo-resigns-over-loan-scam_news
(6) 12/15/11 (UNITED KINGDOM) Senior private banker resigns from Coutts [a very exclusive private bank]
http://www.reuters.com/article/2011/12/15/coutts-fleming-idUSL6E7NF23S20111215
(7) 12/22/11 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-chief-steps-down/
(8) 1/05/12 (UNITED KINGDOM) Chief executive of Saunderson House [Private Bank] steps down
http://www.ftadviser.com/2012/01/05/ifa-industry/people/saunderson-house-chief-executive-steps-down-M0vEWlpbSqKA3OCLZDCcGM/article.html
(9)1/09/12 (SWITZERLAND) Switzerland’s central bank chief resigns
http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html
(10) 1/12/12 (United Kingdom) Lloyds’ head of wholesale quits
http://www.bankingtimes.co.uk/2012/02/01/lloyds-head-of-wholesale-quits/
(11) 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief quits
http://www.expatica.com/es/news/spanish-news/spanish-bank-santander-s-americas-chief-quits_202395.html
(12) 1/20/12 (JAPAN) Normura’s head of wholesale banking quits
http://www.euromoney.com/Article/2959021/Nomuras-head-of-wholesale-banking-quits.html
(13) 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Governor Alan Bollard to Step Down in September
http://www.bloomberg.com/news/2012-01-29/new-zealand-reserve-bank-governor-alan-bollard-to-step-down-in-september.html
(14) 1/21/12 (Greece) Banks’ top negotiator quits Greece, but talks go on
http://www.france24.com/en/20120121-banks-top-negotiator-quits-greece-but-talks-go
(15) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html
(16) 2/07/12 (INDIA) Falguni Nayar quits Kotak Mahindra Bank
http://articles.economictimes.indiatimes.com/2012-02-07/news/31031134_1_kotak-mahindra-bank-falguni-nayar-shanti-ekambaram
(17) 2/07/12 (IRAN) Iran denies central bank resignation rumor (don’t believe until its denied?)
http://finance.yahoo.com/news/iran-denies-central-bank-resignation-164154294.html
(18) 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal
http://articles.businessinsider.com/2012-02-09/europe/31040509_1_anti-money-laundering-law-vatican-finances-italian-tv
(19) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259/
(20) 2/13/12 (KUWAIT) Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html
(21) 2/14/12 (NICARAQUA) Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-amid-row.html
(22) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank
http://www.socialenterpriselive.com/section/news/people/20120214/social-finance-pioneer-hayday-steps-down-charity-bank
(23) 2/15/12 World Bank CEO Zoellick resigns
http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/
Did the White House tell the World Bank president that he’s out?
http://bosco.foreignpolicy.com/posts/2012/02/15/did_the_white_house_tell_the_world_bank_president_that_hes_out
(24) 2/15/12 (SLOVENIA) Slovenia TWO largest Banks CEO’s (2) resign
http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html
(25) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign
http://www.centralbanking.com/central-banking/news/2152753/parliamentary-committee-calls-kenyan-governor-resign
(26) 2/16/12 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group
http://business.thinkghana.com/pages/finance/201202/57429.php
(27) 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Quits
http://webcache.googleusercontent.com/search?q=cache:ZVfFZypqVIcJ:www.a1saudiarabia.com/4489-saudi-hollandi-banks-md-quits/+&cd=4&hl=en&ct=clnk&gl=us
(28) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns
http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoill
(29) 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns
http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to-lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981
(30) 2/17/12 (USA) Blankfein out as Goldman Sachs CEO by summer
http://finance.fortune.cnn.com/2012/02/17/gary-cohn-goldman-sachs/
(31) 2/18/12 (PAKISTAN) AJK Bank’s executive steps down
http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/national/18-Feb-2012/ajk-bank-s-executive-steps-down?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+pakistan-news-newspaper-daily-english-online%2F24hours-news+%28The+Nation+%3A+Latest+News%29
(32) 2/20/12 (RUSSIA) Head of Russian Bank Regulator Steps Down
http://newsley.com/articles/head-of-russian-bank-regulator-steps-down/206711
(33) 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/2012-02-20/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html
(34) 2/10/12 (KOREA) Korea Exchange Bank chief steps down
http://english.yonhapnews.co.kr/business/2012/02/10/0503000000AEN20120210005100320.HTML
It appears that all the rats are being cleaned out of the banks. One wonders if it is to escape angry citizens or because they are being ferried off to some underground bunker? Add to this list Germany’s President. .. Netanyahu’s Bureau chief – Natan Eschel ….. Las Vegas State Senator Elizabeth Halseth … and more.
Susoni
Romanian prime minister and cabinet resign en masse
http://www.guardian.co.uk/world/2012/feb/06/romania-pm-cabinet-resign
Global bank resignations
Resignations Global Banks ….
1 World Bank CEO Zoellick resigns
http://business.time.com/2012/02/15/…llick-resigns/
2 Anz Bank CFO Australia resigns
http://www.proformative.com/news/147…s-amid-turmoil
3 Nicaraqua Central Bank Pres Rosales resigns
http://www.bloomberg.com/news/2012-0…-amid-row.html
4 Credit Suisse Chief Joseph Tan resigns
http://www.businessweek.com/news/201…n-resigns.html
5 GERMAN PRESIDENT Christian Ruff resigns
http://www.dailymail.co.uk/news/arti…ed-resign.html
6 Royal Bank of Scotland Austrailin CEO Stephen Williams resigns
http://www.theaustralian.com.au/busi…-1226272513981
7 Kuwait Central Bank CEO resigns
http://www.washingtonpost.com/busine…OAR_story.html
8 Slovenia TWO largest Banks CEO’s (2) resign
http://www.bloomberg.com/news/2012-0…s-resigns.html
9 Bank of India CEO Chaturvedi resigns
http://www.livemint.com/2012/02/0616…itabh-Cha.html
10 Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/ind…resigns/464259
11 GOLDMAN SACHS CEO Blankenfein to resign (Nothing printed on this yet UNLESS this JUST happened. Last article said he is not stepping down in 2011).
http://www.huffingtonpost.com/2011/0…_n_858647.html
http://www.washingtonpost.com/busine…OAR_story.html
12.
N.C. banking official resigns
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=13&ved=0CDgQFjACOAo&url=http%3A%2F%2Fwww.newsobserver.com%2F2012%2F02%2F15%2F1855967%2Fnc-banking-official-resigns.html&ei=6HxCT8bUJNLy2gWwz6GSCA&usg=AFQjCNGleDoGYbSQrE_4mggScv3D9yxQ-w
13. Switzerland’s central bank chief resigns
http://www.aljazeera.com/news/europe/2012/01/201219145612935171.html
***********************
Mass Resignation of the Proxies: Why Are So Many Key Financial Figures Waiving the White Flag?
(some are repeats on this list)
Here are the recent resignations in chronological order:
February 6, 2012: Dhanlaxmi Bank CEO Amitabh Chaturvedi quits: http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html
February 10, 2012: Tamilnad Mercantile Bank MD resigns: http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259/
February 13, 2012: Kuwait central bank chief resigns amid political tensions: http://www.washingtonpost.com/business/industries/kuwait-central-bank-chief-resigns-amid-political-tensions/2012/02/13/gIQAcxrOAR_story.html
February 14, 2012: Nicaragua’s Central Bank President Antenor Rosales quit admist row:http://www.bloomberg.com/news/2012-02-14/nicaragua-central-bank-head-quits-amid-row.html
February 15, 2012: Slovenia’s Two Biggest Banks’ CEOs Step Down: http://www.bloomberg.com/news/2012-02-15/slovenia-s-nova-kreditna-banka-maribor-ceo-plos-resigns.html
February 15, 2012: World Bank President Zoellick Resigns: http://business.time.com/2012/02/15/world-bank-president-zoellick-resigns/
February 16, 2012: CFO of ANZ Bank Resigns Amid Turmoil: http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoil
February 16, 2012: Royal Bank of Scotland’s Stephen Williams quits the role: http://www.theaustralian.com.au/business/wall-street-journal/andrew-chick-to-lead-royal-bank-of-scotlands-australian-arm/story-fnay3vxj-1226272513981
February 17, 2012: Credit Suisse’s Private Bank Chief Asian Economist Tan Resigns:http://www.businessweek.com/news/2012-02-17/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html
That’s 9 resignations in eleven days, we have not included the other resignations from the likes of the head of the central bank in Switzerland a month ago, and the talk of the head of Goldman Sachs leaving. Why are the heads of very large financial instutitions resigning? Corporate governance experts would say that people resign to make room for new policies, and way of doing things, but this is a peculiar situation of contagion amongst those with key exposure.
The first to see the flame, usually leave the building, maybe this is not the case, nonetheless, such events with obvious patterns should be taken note of.
source
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