Thursday, March 1, 2012

More Bank Resignations - 84 Since Nov 2011


It looks like bankers are heading for the hills....
Some are leaving amidst investigations and scandals... some are retiring or leaving after many years in baking ..... some starting their own businesses... some moving to other banks and some just resigning their post...

but it's quite interesting the literal shake-up of the banksters.

Some claim that something big is coming down soon
and perhaps the banking folks are getting out while the getting is good.
Who knows?
For what it's worth ... here is an updated list.

A total of 84 Bank CEO and Exec resignations have happened in the last six months!

84 RESIGNATIONS FROM WORLD BANKS 2/27/12
BANK CEO AND EXECUTIVE RESIGNATION UPDATE 2/27/12
.................................

(1) 9/01/11 (USA NY) Bank of New York Mellon Chief Resigns in a Shake-UP
http://loanworkout.org/2011/09/bank-of-new-york-mellon-chief-resigns-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/business/company-news/warning-as-last-scot-leaves-lloyds-board-lloyds-could-lack-scottish-voice.15150830?_=20e772c9486b6372433ff2b886a31e9fca7eeb2a%2828

(3) 9/25/11 (SWITZERLAND) Bank chief resigns over £1.5bn rogue trader crisis
http://www.independent.co.uk/news/business/news/swiss-banks-chief-resigns-over-16315bn-roguetrader-scandal-2360640.html

(4) 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012
http://www.snb.ch/en/mmr/reference/pre_20111028/source/pre_20111028.en.pdf

(5) 10/29/11 (CHINA) Resignations Suggest Shift for China's Banks
http://online.wsj.com/article/SB10001424052970203687504577003734190522426.html

(6) 11/01/12 (INDIA) More directors of the Beed district bank resign
http://www.thenews.coop/article/more-directors-beed-district-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/2011/11/02/lloyds-chief-on-sick-leave/

(8) 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

(9) 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

(10) 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

(11) 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/

(12) 12/23/11 (USA VA) Bank feud: Chairman Giles quits VNB with other directors
http://www.readthehook.com/102524/bank-feud-chairman-giles-quits-vnb-other-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/2012/01/01/leumi-ceo-resignation-idUSL6E8C108220120101

(15) 1/03/12 (USA VA) Suffolk Bancorp president and CEO steps down
http://suffolktimes.timesreview.com/2012/01/27262/suffolk-county-national-bank-president-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.ftadviser.com/2011/12/30/ifa-industry/product-providers/arbuthnot-securities-board-member-resigns-2bcQHp5JGqKR7lj77ZUnxO/article.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.arbuthnotgroup.com/LatestNews.aspx?id=488

(18) 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

(19)1/09/12 (SWITZERLAND) Switzerland's central bank chief resigns
http://mwcnews.net/news/business/16074-switzerlands-bank.html?fontstyle=f-larger

(20) 1/12/12 (United Kingdom) Lloyds’ head of wholesale quits
http://www.bankingtimes.co.uk/2012/02/01/lloyds-head-of-wholesale-quits/

(21) 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

(22) 1/30/12 (UNITED KINGDOM) Head Of UK Private Bank Steps Down [Butterfield Private Bank]
http://citywire.co.uk/wealth-manager/butterfield-private-bank-head-and-cio-step-down/a561170

(23) 1/20/12 (JAPAN) Normura's head of wholesale banking quits
http://www.euromoney.com/Article/2959021/Nomuras-head-of-wholesale-banking-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/2012-01-29/new-zealand-reserve-bank-governor-alan-bollard-to-step-down-in-september.html

(25) 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

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

(27) 2/01/12 (UNITED KINGDOM) Truett Tate - Lloyds Banking Group head of wholesale quits
http://www.bankingtimes.co.uk/2012/02/01/lloyds-head-of-wholesale-quits/

(28) 2/01/12 (UNITED KINGDOM) Tim Tookey - Lloyds Banking Group leaving end of February having served as interim group chief executive in addition to group finance director
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8772991/Lloyds-Banking-Group-finance-director-Tim-Tookey-quits-to-join-Resolutions-Friends-Life.html

(29) 2/02/12 (VENEZUELA) Key Chavez Minister Resigns Amid Banking Corruption Fallout
http://www.laht.com/article.asp?CategoryId=10717&ArticleId=348565

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

(31) 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits: http://www.livemint.com/2012/02/06160111/Dhanlaxmi-Bank-CEO-Amitabh-Cha.html

(32) 2/7/12 (USA) Bank Of America's Mortgage Business Chief Resigns
http://www.mortgageorb.com/e107_plugins/content/content.php?content.10881

(33) 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

(34) 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

(35) 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

(36) 2/10/12 (KOREA) Korea Exchange Bank chief steps down
http://english.yonhapnews.co.kr/business/2012/02/10/0503000000AEN20120210005100320.HTML

(37) 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO resigns
http://www.business-standard.com/india/news/tamilnad-mercantile-bank-md-resigns/464259/

(38) 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

(39) 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

(40) 2/14/12 (UNITED KINGDOM) Social finance pioneer Hayday steps down from Charity Bank
http://socialenterpriselive.com/section/news/people/20120214/social-finance-pioneer-hayday-steps-down-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://www.bank.gov.ua/control/en/publish/article?art_id=103299&cat_id=76291

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

(43) and (44) 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

(45) 2/15/12 (KENYA) Governor of Kenyan Central Bank to Resign
http://www.proshareng.com/news/16368

(46) 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/2012/02/16/fsas-cole-to-step-down/

(47) 2/16/12 (GHANA) Ken Ofori-Atta steps down as Executive Chair of Databank Group
http://business.thinkghana.com/pages/finance/201202/57429.php

(48) 2/16/12 (AUSTRALIA) Anz Bank CFO Australia resigns
http://www.proformative.com/news/1470243/cfo-anz-bank-resigns-amid-turmoil

(49) 2/16/12 (UNITED KINGDOM) Royal Bank of Scotland Bankers Arrested
http://uk.news.yahoo.com/rbs-bankers-arrested-tax-probe-130117888.html

(50) 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

(51) 2/17/12 (USA) Blankfein out as Goldman Sachs CEO by summer
http://finance.fortune.cnn.com/2012/02/17/gary-cohn-goldman-sachs/

(52) 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass To Leave Central Bank
http://online.wsj.com/article/BT-CO-20120217-710604.html

(53) 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

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

(55) 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
http://www.bloomberg.com/news/2012-02-17/credit-suisse-s-private-bank-chief-asian-economist-tan-resigns.html

(56) 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd. : Mr. Zvi Itskovitch Announces his Decision to Resign From Bank Leumi
http://www.4-traders.com/BANK-LEUMI-LE-ISRAEL-LTD-6491695/news/BANK-LEUMI-LE-ISRAEL-LTD-Mr-Zvi-Itskovitch-Announces-his-Decision-to-Redesign-From-Bank-Leumi-14031540/%2856

(57) 2/20/12 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorporation, Inc. and Seneca National Bank (11/29/11)
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25695731

(58) 2/20/12 (USA WA) First Financial Northwest Director Quits in Candy Austerity Push. 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.marketwatch.com/story/first-financial-northwest-inc-announces-resignation-of-director-2012-02-17

(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/the-general-manager-of-the-bcra-benigno-velez-resigned-today/

(60)(61)(62)(63)and (64) 2/21/12 (BANGLADESH) Five bank, insurance directors resign
http://www.thefinancialexpress-bd.com/more.php?news_id=120917&date=2012-02-21

(65) 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/2012-02-17/citigroup-names-bakhshi-head-of-japan-markets-following-libor-suspension.html

(66) 2/22/12 (USA) Wietschner, Goldman Hedge Fund Advisory Chief, Retires
http://advancedtrading.com/managingthedesk/232601275

Link(67) 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank rehired at Bank of America
http://mobile.bloomberg.com/news/2012-02-23/bank-of-america-merrill-lynch-hires-gush-as-ceo-of-south-africa?category=

(68) 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.
http://www.whatinvestment.co.uk/trading/share-dealing/uk-companies/1630668/aviva-name-rbs-nonexec-mcfarlane-as-next-chairman.thtml

(69) 2/24/12 (INDIA) ICICI Bank GC Pramod Rao resigns, may start up law firm
http://www.legallyindia.com/201202242600/In-house-counsel/breaking-icici-bank-gc-pramod-rao-resigns-may-start-up-law-firm

(70) 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.silobreaker.com/citigroup-private-banks-cohead-of-global-real-estate-resigns-5_2265504921182798230

(71) 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-executive-director-resigns/5/115797

(72) 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
http://in.news.yahoo.com/evercores-mestre-steps-down-u-banking-head-164148352.html

(73) 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-fitz-quits/21001856.article

(74) 2/27/12 (GERMANY) Deutsche Bank Americas chief steps down
http://money.msn.com/business-news/article.aspx?feed=AP&Date=20120227&ID=14832496&industry=IND_BANKING&isub=

(75) 2/27/12 (BAHRAIN) Ebrahim Ebrahim quits as CEO of Khaleeji Commercial Bank
http://www.cpifinancial.net/news/post/12845/ebrahim-ebrahim-quits-as-ceo-of-khaleeji-commercial-bank

(76) 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Steps Down
http://dealbook.nytimes.com/2011/12/22/socgens-investment-banking-chief-steps-down/

(77) 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
http://www.twentyfoursevennews.com/banking-finance/elaf-bank-ceo-dr-el-jaroudi-resigns

(78) 2/27/12 (JAPAN) Nomura’s Head Of Wholesale Banking Quits
http://www.euromoney.com/Article/2959021/Nomuras-head-of-wholesale-banking-quits.html

(79) 2/27/12 (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

(80) 2/27/12 (GERMANY) Equiduct chairman steps down Artur Fischer, co-chief executive of Börse Berlin, steps down as part of an expansion of Equiduct's board
http://www.efinancialnews.com/story/2012-02-27/equiduct-chairman-steps-down

(81) 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://www.twentyfoursevennews.com/bahrain-news/al-zain-steps-down-as-mumtalakat-holding-ceo

(82) 2/27/12 (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

(83) 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/2012/02/27/moreno-to-step-down-at-lloyds/

(84) 2/28/12 (HONG KONG) Leung `to enjoy life' as she calls it quits
http://www.thestandard.com.hk/news_detail.asp?we_cat=11&art_id=120161&sid=35559525&con_type=1&d_str=20120228&fc=1

1 comment:

Anonymous said...

I bet they all have Swiss bank accounts, dual citizenships, homes in the Bahamas and are selling their assets in their home country.

The big reset is coming. Something big will happen and it will trigger (or allow) a bank holiday, runaway inflation, a financial collapse. Maybe not for everyone but no one and no ocuntry will be untouched.