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Thread: Massive Bank and High Profile Resignations Across the World

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    Default Re: Massive Bank and High Profile Resignations Across the World

    http://www.nationofchange.org/why-le...ame-1332571268

    Nation of Change
    28 March

    Why Leaving Goldman Sachs breaks the rules game
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    http://divinecosmos.com/start-here/d...eintervention1

    Part of David Wilcock's latest blog (parts still to be published) on the current resignations/arrests (most news stories already posted here above). S

    THE SIGNS ARE ALREADY THERE -- 450 TOP CEOs FLEE THE SINKING SHIP

    The vast majority of trouble in the world is being generated by a highly occult, highly secretive elite, hidden away in the G5 countries -- and manipulating the financial system, politicians and militaries behind the scenes.

    There are increasingly blatant signals that the mass arrests are about to happen. CEOs and top corporate executives are now resigning in massive numbers.

    "American Kabuki" has diligently cataloged an incredible 450 confirmed resignations -- just since September 1, 2011 -- in chronological order, complete with supporting links in every case.

    The number of resignations has significantly increased in the last 2-3 months, including an astonishing number of very high-profile people.

    For example, there was a remarkable 48-percent increase in the number of CEO resignations just between the months of December and January -- as you are about to see.

    Skeptics -- who may well be paid disinformants -- have tried to write this off as all part of the normal turnover in the corporate world. However, a Fiscal Times article from February 23rd clearly revealed this is not "normal" at all.



    THE FORCED REBUTTAL

    The mass resignations have not gone unnoticed to the readers of The Fiscal Times. This is a very real story -- causing very real anxiety.

    Michelle Hirsch wrote "What CEO Musical Chairs Means to the Job Market" for The Fiscal Times on February 23, 2012 -- to hopefully soothe their readers' fears.

    What CEO Musical Chairs Means to the Job Market
    http://www.thefiscaltimes.com/Articl...%20Market.aspx

    After three years of relative stability in the corner offices of corporate America, 2012 is shaping up as a year of CEO musical chairs.

    That’s because a wave of executives are looking to step down, cash in their stock options as stocks rise and avoid new government regulations that many see as too challenging and stressful....

    In particular, the revolving door is spinning faster among health care and financial services executives, who are jumping ship, retiring, or being forced out at a quicker clip than their counterparts in other industries.

    Last month, 25 health care CEOs and 13 financial services CEOs departed, making those sectors the two biggest culprits of the rising turnover tide.

    A growing push from the federal government to police the financial services industry and clamp down on executive compensation is prompting the exodus of CEOs in the financial services industry, said Don Hambrick, a professor at Penn State’s Smeal School of Business....

    The number of CEOs who left their posts in January spiked by 48 percent over December, rising to 123 – the highest level since May 2010, according to data from outplacement service firm Challenger, Gray & Christmas.

    Fifty-one percent resigned or stepped down, 26 percent retired, and only 9 percent left to take other jobs....

    While changes at the top may unnerve some employees, rarely do CEO switches bring about mass terminations of existing employees, [Matt McGreal, a principal at Crist|Kolder Associates, a CEO search firm] said.



    STUNNING CHANGES ARE UNDERWAY

    The 450 resignations are documented, proven, and cannot be shot down.

    This Fiscal Times article is our key to prove that this is real enough to be tracked by the media, and is in no way part of "normal turnover" in the corporate world.

    We applaud Fiscal Times for their bravery in covering this evolving story.

    Better yet, these mass resignations are only one part of a much larger mosaic of stunning new developments.



    MASS ARRESTS HAVE ALREADY STARTED

    Mass arrests have already taken place against senior staff of the Fox-owned Sun tabloid in England in three separate bursts -- now encompassing 21 top Sun employees under "Operation Weeting".

    In case you haven't followed this story, Fox (News Corporation) was working with the police and the government to tap people's phone calls and voicemails -- and publish disparaging information on celebrities and public figures through these ill-gotten means.

    When you include the two other known operations that have been reported -- code-named Elveden and Tuleta -- the total number of arrests has now encompassed a stunning 47 people.

    http://www.dailymail.co.uk/news/arti...ing-probe.html

    The number of people arrested in Operation Weeting, which has been running since last January when police reopened investigations, stands at 21.

    Two other linked investigations – Operation Elveden into corrupt payments to police and Operation Tuleta into computer hacking – have resulted in 26 [additional] arrests.



    JAMES MURDOCH STEPS DOWN AS EXECUTIVE CHAIRMAN OF [FOX] NEWS INTERNATIONAL

    Rupert Murdoch's son, James Murdoch, resigned from his position as executive chairman of News International on February 29th -- indicating the extreme scope of the trouble.





    In time, this resignation will be seen as a monumental event -- one of the greatest signposts of the mass arrests that were about to happen.

    American readers may not be aware of the power and magnitude of what is already happening in the UK -- but our next excerpt will spell it out very nicely.



    THE "DAY OUT OF TIME"

    It may also be significant that Murdoch announced his resignation on February 29, 2012.

    As our graph shows, February 29, 2012 is the "Day Out of Time" immediately preceding the pivotal March 13th Mayan Calendar date -- where the cycles shift into full synchronization.

    This "Day Out of Time" has great significance in the Mayan system, as we will see in Section III.



    Some scholars consider this "day out of time" to be "highly exceptional", in that it has "never happened before and will never happen again" in the Mayan system -- and it directly sets up the final synchronization date of March 13th.

    The above image was generated years before 2012 -- in anticipation of the events that were predicted to come.

    Little did we know that the "Day Out of Time" would become the very day that Fox News International effectively admitted, to the public, that the accusations against them were true.

    The crimes they are accused of could, and will, ultimately engulf a vast majority of the mainstream media -- in its totality. Not all journalists are culpable, but those who wanted to keep their jobs have been heavily manipulated.



    JAMES MURDOCH STEPS DOWN AS CHAIRMAN OF NEWS INTERNATIONAL

    Here is the article that announced James Murdoch's resignation -- and revealed many things the American press has fastidiously avoided discussing.

    James Murdoch Steps Down as Chairman of News International
    http://www.independent.co.uk/news/me...i-7464770.html

    James Murdoch is to step down as executive chairman of News International, it was announced today.

    Parent company News Corporation said in a statement the move would allow him to focus on expanding the company's international TV businesses.

    Mr Murdoch has faced intense scrutiny in the wake of the News of the World phone hacking scandal....

    Labour MP Chris Bryant, who received a £30,000 settlement after having his phone hacked by the News of the World, said: "After all we've heard, James Murdoch's resignation is long overdue.

    "On his watch, we have seen the biggest corporate corruption scandal since 1720 -- and historic titles like The Sun have been brought into disrepute... He is not a fit and proper person."....

    Ex-minister and former National Union of Journalists president Denis MacShane, who received a £32,500 settlement, said: "The Murdoch empire, as in Greek tragedy, is collapsing in full view of an astonished world.

    "The crown prince has been sacrificed to appease the public horror at what is being revealed of the collusion, corruption and criminality of the Murdoch empire -- as it bought politicians and police indiscriminately."


    TWO SENIOR MURDOCH JOURNALISTS ATTEMPT SUICIDE

    Sadly, in addition to the mass arrests of 47 people and the resignation of executive chairman James Murdoch, two senior journalists were so threatened by this imminent exposure of wrongdoing that they tried to kill themselves.

    http://worldnews.msnbc.msn.com/_news...ressure-mounts

    Two senior journalists working for Rupert Murdoch's News International have attempted suicide as pressure mounts at the scandal-hit publisher of the now-defunct News of the World, according to media reports.

    The suicide attempts follow weeks of intense scrutiny of the role of The Sun, another Murdoch paper, in the phone-hacking scandal and police bribery case.

    The man and the woman, who were reportedly involved in separate incidents, were rescued in time, a friend of one of them said, according to a report Tuesday on stuff.co.nz....

    "It was not a suicide pact," the friend told the New Zealand-based news organization. "The attempts were not simultaneous and there is no suggestion of a pact."....

    "People think that they've been thrown under a bus," one News International employee told Reuters. "They're beyond angry - there's an utter sense of betrayal, not just with the organization but with a general lynch-mob hysteria."

    News International, the European arm of Murdoch's empire, is facing multiple criminal investigations and civil court cases as well as a public inquiry into press standards after long-simmering criticism of its practices came to a head last July.

    Politicians once close to Murdoch, including Prime Minister David Cameron, turned their backs on him and demanded answers after the Guardian newspaper revealed the News of the World had hacked the phone of murdered schoolgirl Milly Dowler.

    The London Evening Standard reported that other News International journalists are “terribly stressed and many are on the edge.” The company has reportedly offered psychiatric help to any journalist who wants help.


    I certainly would not want to take the invitation to "step into my office" from any News Corporation psychiatrist -- given what we know about MK-Ultra techniques, which were revealed in open Congressional hearings from the 1970s.

    Prime Minister David Cameron, the highest elected official in Great Britain, turned on Murdoch in the hopes of saving himself -- as he has been directly linked to the corruption.

    The blowback from this "Epic Greek Tragedy" -- the "biggest corporate scandal since 1720" -- will almost certainly return to the United States. Obviously these criminal practices within the Fox News empire were not limited to the United Kingdom.

    It is very likely that other journalists, in other media conglomerates, are starting to feel the same sense of foreboding.

    How much have you been hearing about this "epic" story in the Federal Reserve-controlled American corporate media?



    KERRY CASSIDY REVEALS EVEN MORE IN HER BLOG

    Insider sources revealed a "plot twist" in this story to Kerry Cassidy of Project Camelot -- whom I've collaborated with for years now in our search for truth and freedom.

    This critical detail has not emerged... yet... but the trials have barely even started. If the full-blown mass arrests do happen, the disclosure of what you are about to read will pale in comparison to everything else that comes out.

    http://projectcamelotproductions.com/blog-hp.html

    March 8, 2012 Update 12:35PM

    CLANDESTINE SHADOW PHONE NETWORK also referred to as an INTERNATIONAL INTRANET

    ACCORDING TO A SOURCE: There is a deep shadow network behind the traditional telephone network that you only get access to by invitation.

    It involves people who are on the criminal side -- as well as, no doubt, government and alphabet agency types who tap into phone calls, and then sell them on a black market for lots of money.

    [They are sold] to, for example, HIGH FREQUENCY TRADERS (HFTs) -- who then use this info to make trades, currency calls, etc.

    You can see where a network like this can be very advantageous to the participants.

    FURTHER: This also relates back to the recent MURDOCH TELEPHONE TAPPING SCANDAL ... because what apparently did not come out during that inquiry and trial is that Murdoch's boys did not have to tap anyone's phone directly.

    Instead, they simply connected with an individual who then gave them access to this hidden phone network.

    They told them what calls, from which people, they wanted to PURCHASE... and paid them for the 'tapped calls'.

    and also:

    "MUPPETGATE" IS ANOTHER PEBBLE FROM THE COMING AVALANCHE

    Greg Smith, a former high-ranking Goldman Sachs employee blew the whistle in a New York Times editorial on March 14, 2012 -- triggering a revolutionary public awakening now being called "Muppetgate."





    So far, very few have "connected the dots" and realized that Goldman Sachs is one of the main Federal Reserve banking conglomerates -- but I doubt this part of the story will remain secret for very long.

    According to Smith, Goldman executives call their clients "Muppets" and treat them as pathetic sub-humans -- purely to be exploited and stolen from. This has effectively revealed the sociopathic "Illuminati" mindset to the mass public.

    Goldman Sachs has already gone into financial free-fall from this expose' -- hemorrhaging more than two billion dollars in a matter of days.

    Goldman Sachs Loses 2 Billion from “Muppetgate”
    http://bottomline.msnbc.msn.com/_new...oses-2-billion

    Question: What’s the cost to a company of one disgruntled former employee?

    Answer: About $2 billion if it’s Goldman Sachs.

    That’s how much of the bank’s market value was wiped out after one of its directors, Greg Smith, resigned from the company and penned an op-ed piece in The New York Times attacking the firm’s culture and treatment of clients.

    The bank’s shares fell 3.3 percent in trading Wednesday as London-based Smith’s article set Wall Street and the media ablaze with discussion about the behavior of big banks bailed out by taxpayers after the financial crisis.

    The share price decline meant Goldman lost some $2 billion in market value. Its market capitalization is currently just short of $65 billion.


    A "TOXIC ENVIRONMENT"

    This next excerpt from MSNBC reveals even more about how terrible it is to work at Goldman Sachs -- and the genuine darkness its employees find themselves in.

    http://bottomline.msnbc.msn.com/_new...-firm-is-toxic

    In a very public and scathing resignation letter, Goldman Sachs executive director Greg Smith has called the atmosphere at the massive investment bank "as toxic and destructive as I have ever seen it."

    "Today is my last day at Goldman Sachs," wrote Smith, who was the head of the firm's U.S. equity derivatives business in Europe, the Middle East and Africa, in an Op-Ed in the New York Times on Wednesday titled "Why I am Leaving Goldman Sachs."

    Smith, who is based in London and has been with Goldman for 12 years, went on to describe what he says is a deteriorating culture at Goldman Sachs where clients are called "muppets" and their interests are given short shrift.

    "The firm has veered so far from the place I joined right out of college that I can no longer in good conscience say that I identify with what it stands for," Smith wrote....

    "It makes me ill how callously people talk about ripping their clients off. Over the last 12 months I have seen five different managing directors refer to their own clients as 'muppets,' sometimes over internal e-mail," wrote Smith....

    In an emailed statement, Goldman Sachs, said, “We disagree with the views expressed, which we don’t think reflect the way we run our business. In our view, we will only be successful if our clients are successful. This fundamental truth lies at the heart of how we conduct ourselves.”


    UK TELEGRAPH EXPLORES THE ILLUMINATI MINDSET

    This next excerpt from the UK Telegraph discusses the Illuminati mindset within Goldman Sachs that has been revealed as a direct result of "Muppetgate" -- the day after a Mayan Calender shift-date that had been anticipated for years.

    http://www.telegraph.co.uk/finance/c...g-overdue.html

    This market autism has continued. If a trade makes a profit and it's within the rules, then do it. Ethics, perception, morals, emotional intelligence and even good old common sense are ignored....

    [Goldman is] a bank whose alumni include two US Treasury Secretaries, including Paulson....

    Goldman is a bank in denial and heading for a crash. I can’t see any President recruiting from Goldman again, given recent years. And unless things change, the bank will lose clients....

    Outbursts such as Smith’s makes it easier for companies and investors to drop Goldman.

    The bank needs to change, and has needed to do so for years. Some improvements have been made but they look superficial, and perception is nine tenths of reality here.


    Remember -- if Goldman Sachs crashes, so does the Federal Reserve.


    1 IN 10 WALL STREET BANKERS ARE CLINICAL PSYCHOPATHS

    On March 2, 2012 -- just two days after the critical Feb. 29th "Day Out of Time" in the Mayan Calendar -- the Huffington Post ran an article that seemed to anticipate the bomb Greg Smith was about to drop on Goldman Sachs.

    This might sound like the punchline to a joke -- but the destruction of the planet is no laughing matter, and these people must be stopped.

    http://www.huffingtonpost.com/2012/0...mane_or_simply

    One out of every 10 Wall Street employees is a clinical psychopath, the CFA Institute (an investment and financial analysis organization) reports in the latest issue of CFA Magazine.

    That makes psychopathy 10 times more prevalent among New York’s financial elite than among us plebeians, for which the accepted statistic is a more palatable one in 100.

    Psychopaths “generally lack empathy and interest in what other people feel or think,” according to the study.

    “At the same time, they display an abundance of charm, charisma, intelligence, credentials, an unparalleled capacity for… manipulation, and a drive for thrill seeking.”

    That Wall Street should harbor more than its share of psychopaths, then, will come as no shock to those frustrated by the entitlement and greed of the one percent.

    The study also shows how easily psychopaths can pass, however, blending into our lives as co-workers, friends and even romantic partners.


    JP MORGAN STAFF WARNED OFF OF TALKING ABOUT "MUPPETGATE"

    Goldman Sachs is one of the Federal Reserve banks. So is JP Morgan Chase.

    The lower-level employees probably don't know this, but the higher-ups at JP Morgan are directly aware that an attack against Goldman is a direct attack against JP Morgan, the Federal Reserve, and the Illuminati.

    So, the proverbial "STFU" warning came out from the higher-ups.

    JP Morgan Staff Told to Go Easy on Goldman Sachs’ “Muppetgate”
    http://uk.reuters.com/article/2012/0...82E09820120315

    (Reuters) - Investment bank JPMorgan tried to contain damage to Wall Street's reputation on Thursday by telling staff not to try to profit from rival Goldman Sachs' embarrassment over a vitriolic resignation letter published in the New York Times.

    Equity derivatives salesman Greg Smith caused a firestorm across the banking industry on Wednesday with the letter, published as an opinion column and calling Goldman (GS.N) a "toxic" place to work where senior staff saw clients as "muppets".

    JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon warned employees in an internal memo not to seek advantage from Goldman's "alleged issues", imploring them focus on standards, not on the furore stirred by Smith in what media and bloggers have called "Muppetgate".

    "I want to be clear that I don't want anyone here to seek advantage from a competitor's alleged issues or hearsay -- ever. It's not the way we do business," Dimon said in the memo, a copy of which was seen by Reuters.

    Dimon's memo, awaiting Asia employees in their e-mail inboxes on Thursday morning, was sent to the bank's global operating committee and later forwarded to wider parts of JPMorgan, said sources who have seen the memo.

    JPMorgan declined to comment.


    SUDDEN, STUNNING PUBLIC DIVORCE BETWEEN JP MORGAN AND THE VATICAN

    Just five days after "Muppetgate," JP Morgan announced they were cutting off the Vatican Bank's private accounts, permanently -- by the end of the month.

    This is of monumental significance to our discussion. The Federal Reserve is literally dropping everything and running from any financial association with the Vatican -- as fast as they can.

    The divorce was announced on March 19th -- and will already be finalized as of March 30th. If nothing is going to happen, why would we see such urgency?

    Many "Truth" researchers have concluded that the Vatican has been penetrated at the highest levels by the Illuminati. This does not mean the Vatican itself is evil, nor are most of the people working there -- but they have a very serious problem to deal with.


    SCATTERING BEFORE THE AVALANCHE

    All these Illuminati factions used to be on the same page -- but now, just like with the mass CEO resignations, they are turning on each other and scattering before the avalanche hits. Let's read more about this epic event.

    http://www.huffingtonpost.com/2012/0...n_1363432.html

    VATICAN CITY/MILAN, March 19 (Reuters) - JP Morgan Chase is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported.

    The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering.

    The bank, formally known as the Institute for Works of Religion (IOR), enacted major reforms last year in an attempt to get Europe's seal of approval and put behind it scandals that have included accusations of money laundering and fraud.

    Italy's leading financial daily Il Sole 24 Ore reported at the weekend that JP Morgan Chase in Milan had told the IOR of the closing of its account in a letter on Feb. 15.

    The letter said the IOR's account in Italy's business capital would gradually be phased out starting on March 16 and closed on March 30.

    In Milan, JP Morgan Chase declined to comment and the Vatican also had no comment. It was not possible to contact IOR officials because Monday was a holiday in the Vatican.

    Il Sole said JP Morgan Chase informed the IOR that the account was being closed because the bank's Milan branch felt the IOR had failed to provide sufficient information on money transfers.

    The financial newspaper, which gave the number of the IOR account, said some 1.5 billion euros passed through it in about 18 months.

    It said the account was a "sweeping facility," meaning that it was emptied out at the end of each day with funds transferred to another IOR account in Germany.
    Last edited by Sabrina; 29th March 2012 at 21:50.
    Oh my ears and whiskers, how late it's getting!

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  5. Link to Post #483
    Avalon Member Sabrina's Avatar
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    Default Re: Massive Bank and High Profile Resignations Across the World

    http://www.bbc.co.uk/news/world-asia-17552873
    29 March
    Kwok brothers arrested in Hong Kong on bribery charges


    Two billionaire brothers who run one of Asia's biggest property companies have been arrested on suspicion of bribery.

    Thomas and Raymond Kwok are joint chairmen and managing directors of Sun Hung Kai Properties in Hong Kong.

    The Independent Commission Against Corruption said a former senior government official was also taken into custody on corruption charges.

    Last week, one of the company's executive directors was arrested over suspected bribery.

    Thomas Chan Kui-yuen was responsible for land acquisitions and project planning. After his arrest, Sun Hung Kai said it had set up a special committee to look into the investigation by the anti-corruption body.

    The company's board has said these latest arrests will not affect the company's business operations and the brothers will remain in their current positions.

    Sun Hung Kai is Hong Kong's biggest property developer by market value. The company has made the Kwok family one of the richest in the city, which a net worth of $15.4bn (£9.7bn).

    ¤=[Post Update]=¤

    American Kabuki - updated from first arrests list:


    Updated 3/27/12

    This is a new list I've started on banker arrests. This is preliminary and not complete. This research in progress. If you know of any additional arrests please send use the URL to americankabuki@yahoo.com
    WORLDWIDE LIST OF ARRESTED BANKERS

    10/06/11 (HONG KONG) Deutsche Bank Asia, senior banker Yan Shen, 43, who headed the North Asia institutional clients group escaped a prison sentence Thursday after he was found in possession of a gun at Hong Kong's international airport. Yan Shen, was discovered carrying the unlicensed pistol and ammunition during a search of his baggage in the departure lounge of Chek Lap Kok Airport. The offence carries a maximum jail sentence of 14 years, but Shen was spared jail after the court heard he suffered a personality disorder and liked to collect things. Sentencing him to 240 hours of community service and a fine of 50,000 Hong Kong dollars (6,400 US dollars), the judge said he did not accept Yan's excuse that he was unaware it was illegal to possess firearms. However, the judge said he had decided not to jail Yan because prison might interfere wih treatment for his disorder.
    http://goo.gl/66aO4
    10/11/11 (NIGERIA) Nigeria’s secret police (SSS) Tuesday confirmed the arrest of three persons including a Lagos banker it said facilitated the October 01, 2010, Independence Day bombing in Abuja that killed several persons and injured many others. Media reports had earlier identified the banker as Nonso Nnaemeka, while one of the suspects was identified as Jessica David, aka Segun.
    http://goo.gl/ZXeWO
    11/01/11 (IRAN) Bank Melli, Mr. Khavari, a dual Iranian-Canadian citizen, left Iran in September as prosecutors there announced they wanted to question him in connection with a $2.6-billion embezzlement scandal that has led to the arrest of several bankers. Tehran also wants an international warrant for Mr. Khavari’s arrest. Canada has no extradition treaty with Iran. Mr. Khavari could be stripped of his Canadian citizenship. The banker’s continuing freedom and apparent wealth – he and his family own several Toronto properties – have angered Iranian diaspora groups. It’s unclear how he could become a Canadian citizen while working in Iran as an elite banker. Khavari is indicative of a much larger wave of people who have slipped into Canada. The Globe and Mail reported Monday that one of several brothers whose family business is at the heart of the Iranian embezzlement scandal moved to Montreal this past summer.
    http://goo.gl/otcvi
    11/07/11 (UAE - DUBAI) HSBC Analyst, Toby Carroll, Arrested In Dubai With Two Girlfriends For Extramarital Sex
    http://goo.gl/7MkTX
    11/23/11 (LITHUANIA) Snoras Bank and Latvijas Krajbanka Bank, Lithuania issues Arrest warrant for Russian banker and Portsmouth Football Club (UK) Owner Vladimir Antonov. Antonov, 36, owned 68 percent of Snoras before it was nationalized and had controlled Latvijas Krajbanka through a 60 percent stake owned by Snoras. Antonov is believed to spend most of his time in England, while Baranauskas, who held just over 25 percent in Snoras, is also abroad.100 million lats ($200 million) siphoned from the bank were used to increase its charter capital and finance Antonov's investment projects — including the failed attempt to buy out Saab.
    http://goo.gl/nu5p5
    11/23/11 (RUSSIA) Bank of Moscow, Russian prosecutors asked Interpol to issue an international arrest warrant for Bank of Moscow’s former Chief Executive Officer Andrei Borodin. Wanted for fraud in the misappropriation of government funds.
    http://goo.gl/znvhC
    11/23/11 (RUSSIA) Bank of Moscow, Russian prosecutors asked Interpol to issue an international arrest warrant for Bank of Moscow’s former vice president Dmitry Akulinin, a former vice president at the lender. Wanted for fraud in the misappropriation of government funds.
    http://goo.gl/znvhC
    12/01/11 (ICELAND) Glitnir Bank, Iceland's special prosecutor has taken Larus Welding, the former head of the failed Glitnir Bank, into custody, Reuters reports.
    http://goo.gl/KqUN9
    2/08/12 (CHINA) Yantai Bank, Chinese police arrest runaway banker Liu Weining, for embezzlement. Liu Weining, a branch head of Yantai Bank, was caught by police near a railway station in eastern city of Jinhua, Zhejiang Province, police said. Liu fled Yantai city in east Shandong Province at the end of January. Liu allegedly stole 436 million yuan (69.76 million U.S. dollars) worth of bank notes between April 2011 and January 2012. He reportedly had 290,000 yuan cash on him when caught.
    http://goo.gl/MRnlX
    2/14/12 (USA FL) Credit Suisse, Banker Christos Bagios, under U.S. house arrest for 60 more days in the U.S. state of Florida, as the man tries to resolve allegations of aiding U.S. clients in evading taxes. He has to wear a tracking device. Bagios was arrested in New York in January 2011 and accused in a criminal complaint of helping about 150 U.S. clients hide as much as $500 million from the tax-collecting IRS when he worked at UBS. Bagios is a Greek citizen and Swiss resident, and is accused of helping 150 clients evade taxes on about $500 million. Credit Suisse acknowledged last July that it had received a target letter from the U.S. Department of Justice notifying it that it was formally under criminal investigation for selling tax-evasion services to wealthy Americans. The bank has said it is cooperating with the investigation. Bagios was arrested in New York in January of last year but moved to a Florida housing development on $650,000 bond. He has to wear a tracking device.
    http://goo.gl/hRlAq
    2/16/12 (UK) BTA bank, UK court issues arrest warrant for Mukhtar Ablyazov, Kazakh billionaire accused of massive fraud Britain's High Court has issued an arrest warrant for Mukhtar Ablyazov, the Kazakh billionaire and former BTA bank chairman accused of committing one of the world’s biggest ever frauds.
    http://goo.gl/75o7E
    2/29/12 (SWITZERLAND) Hyposwiss Privatbank AG, Prosecutors in Switzerland say a man has been arrested on suspicion of stealing confidential customer data from a Swiss private bank. The Federal Prosecutor's office in Bern says the former contractor of Hyposwiss Privatbank AG was arrested Feb. 16 and remains in custody. Prosecutors say a criminal investigation was launched Jan. 19 after the unidentified man approached a law firm and offered to sell the confidential data. They declined to provide further information. Swiss daily Tages-Anzeiger reported Wednesday that the data partly concerned the account of a wealthy Russian businessman. Recent cases of stolen Swiss bank data being bought by foreign tax authorities have added to pressure on Switzerland to give up its strict banking secrecy rules. NOTE: This arrest appears to be an attack on a whistleblower by Swiss authorities!
    http://goo.gl/XzaES
    3/05/12 (RUSSIA) Vnesheconombank, Moscow City’s Tverskoi district court placed Anatoly Ballo, the Deputy CEO of the Russian development and foreign economic transactions bank Vnesheconombank, under house arrest. He is suspected of embezzling $14 million, a spokeswoman for the court said.
    http://goo.gl/czZC4
    3/12/12 (USA CT) Morgan Stanley, co-head of fixed-income capital markets William Bryan Jennings, was arrested and charged with second-degree assault, larceny and intimidation by bias or bigotry .
    http://goo.gl/6VHu8
    3/14/12 (NIGERIA) First Bank Plc, An Abuja High Court on Tuesday issued a warrant for the arrest of the Head of Operations, First Bank Plc, Ikorodu branch, Lagos, Mrs. Ayodele Omolayo. The ICPC maintained that NPC had, in compliance with the directive of the late President Umaru Yar’Adua, issued a cheque of N60m to the Office of the Accountant-General of the Federation as unspent funds for 2007. But upon the receipt of the cheque, the four accused persons paid it into a private account in Ikorodu, Lagos, and later withdrew the money at another bank in Victoria Island, Lagos. Others charged were officials of the Office of the Accountant-General of the Federation; Mr. Johnson Kolawole and Mr. Kola Ajala, a dispatch rider with Finbank Plc, Victoria Garden City branch, Lagos.
    http://goo.gl/p4kNY
    3/16/12 (CHINA) Standard Charter Bank, China has arrested Wu Yidian Eden, an employee of Standard Chartered Bank, as a probe into one of her clients. On March 6, the police detained Ms Wu, yet the latter has not been accused for committing any crime. A client of Ms Wu has been accused of escaping from China after robbing almost $50m (£32m) from the bank. Standard Chartered Bank announced the detention of Ms Wu but said no investigation has taken place yet.
    http://goo.gl/Hxqxs
    3/24/12 (RUSSIA) Vladimir Putin issues arrest warrant for George Soros.
    http://goo.gl/BP4Rr
    3/26/12 (UK) UBS, Trader Kweku Adoboli, 31, arrested on suspicion of a staggering £1.3billion fraud at UBS is believed to have blown the whistle on himself about the unauthorised deals.
    http://goo.gl/WSrPd
    3/26/12 (CHINA) Agricultural Bank of China, China has launched an international hunt for a former bank chief accused of fleeing with more than 100 million yuan ($16 million) illegally raised from relatives and friends. The Ministry of Public Security has issued an arrest warrant for Sun Feng, the former head of the Yaosai branch of the Agricultural Bank of China in Jiangyin in East China's Jiangsu province.
    http://goo.gl/imXmk
    3/26/12 (SPAIN) Spanish Mortgage Broker Arrested
    http://goo.gl/jASX9
    3/26/12 (USA MO) Sun Security Bank, A former employee of Sun Security Bank in Ellington, Missouri, has been sentenced for embezzling $444,000 from a customer's bank account. Black pled guilty in December 2011 to two felony counts of bank embezzlement and was ordered to pay restitution of $451,000.
    http://goo.gl/uHxpM
    3/28/12 (PHILIPINES) Banker and Ponzi Scammer, Celso de los Angeles, under hospital arrest dies.
    http://goo.gl/Vxala
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    http://www.guardian.co.uk/uk/2012/ma...politan-police
    29 March 2012 UK

    Met's PR chief Dick Fedorcio resigns after force begins disciplinary action
    IPCC inquiry found Dick Fedorcio should face gross misconduct charge for awarding contract to former NoW executive Neil Wallis

    Scotland Yard's head of communications, Dick Fedorcio, has resigned immediately after the force opened disciplinary proceedings against him.

    An inquiry by the Independent Police Complaints Commission (IPCC) into Fedorcio's award of a contract to Neil Wallis, the former deputy editor of the News of the World, found he had a case to answer for gross misconduct.

    Fedorcio's resignation has curtailed any disciplinary action, but the IPCC will publish the inquiry's findings sometime next week.

    Deborah Glass, the IPCC's deputy chair said: "In light of Mr Fedorcio's resignation today, [disciplinary] proceedings cannot now take place and I propose to publish our investigation report detailing our findings, in the next few days."

    Civilian police staff are able to resign once disciplinary proceedings are launched and as a result avoid those proceedings. In doing so Fedorcio will not now face any sanction as a result of the inquiry into his alleged gross misconduct. The rules are different for police officers.

    Fedorcio was under scrutiny for his decision to hire Wallis to provide PR advice for the Metropolitan police.Wallis's company Chamy Media was paid £24,000 by the Met between October 2009 and September 2010.
    Oh my ears and whiskers, how late it's getting!

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  8. Link to Post #485
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    Default Re: Massive Bank and High Profile Resignations Across the World

    More from the mining world:
    29 March
    Hong Kong
    Anvil Mining Ltd : Announcements and Notices - Resignation of Executive Directors
    The board of directors (the "Board") of Minmetals Resources Limited (the "Company", together with its subsidiaries, the "Group") announces the following changes to the Board with effect from 29 March 2012:

    (1) the resignation of Mr. Hao Chuanfu ("Mr. Hao") as the vice-chairman and executive director of the Company and a member of the executive committee of the Board (the "Executive Committee") due to other business engagements which require more of his dedication; and
    (2) the resignation of Mr. Li Liangang ("Mr. Li") as an executive director of the Company and a member of the Executive Committee due to other business engagements which require more of his dedication.

    and

    29 March

    Areva’s head of mining resigns over UraMin

    French nuclear group Areva (AREVA.PA) said on Friday that the head of its mining business, Sebastien de Montessus, resigned in a bid to close the chapter of the botched $2.5 billion takeover of Canadian start-up UraMin.

    “He handed in his resignation to the board of directors which accepted it, in the interest of the group and to put an end to the trouble caused by the UraMin affair,” an Areva spokeswoman said.

    and
    Hong Kong Exchange
    CHINA KINGSTONE MINING HOLDINGS LIMITED
    CHANGE OF CHAIRMAN OF REMUNERATION COMMITTEE AND RESIGNATION OF NON-EXECUTIVE DIRECTOR
    Last edited by Sabrina; 29th March 2012 at 22:09.
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    http://www.bbc.co.uk/news/world-europe-17548390
    29 March
    Swedish Defence Minister Tolgfors quits over Saudi deal

    Sten Tolgfors was criticised in the Swedish press over the Saudi arms deal
    Continue reading the main story

    Sweden's defence minister has resigned after facing criticism over plans to build a weapons plant in Saudi Arabia.

    Sten Tolgfors "resigned at his own request", a spokesperson said.

    Swedish public radio revealed the confidential plans for the country's Defence Research Agency to help Riyadh build weapons, including missiles and torpedoes, in early March.

    Sweden does not ban weapons exports to Saudi Arabia, but the secretive nature of the plans caused controversy.

    Earlier this month Swedish Prime Minister Fredrik Reinfeldt confirmed that an initial deal had been signed with the Saudis in 2005.
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    28 March
    Harare
    CBZ CEO resigns
    CBZ Holdings Limited group chief executive officer Nyasha Makuvise has resigned from his post due to poor health.
    Makuvise, whose last working day will be March 31, 2012, has been with the diversified financial group for the past 16 years.

    He will be replaced at the helm of the institution by CBZ Bank chief executive officer John Mangudya from April 1.
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    A shift in the year of the shift....

    http://www.nytimes.com/2012/03/30/bu...ef=global-home
    29 March

    In a Shift, the World Bank Presidency Draws Competition

    WASHINGTON — For the first time, the World Bank is considering more than one candidate for its five-year presidency — a change that reflects the fast-growing clout of emerging economies, even as it raises questions over whether that change is coming quickly enough.

    Experts say that victory is all but assured for the American nominee, Jim Yong Kim, the president of Dartmouth College and an expert in global health. But emerging and developing economies are rallying behind Ngozi Okonjo-Iweala, the 57-year-old Nigerian finance minister, and José Antonio Ocampo, the former Colombian finance minister and high-ranking United Nations official, who is 59.

    The World Bank’s 25-member board will interview all three candidates in the coming weeks and plans to announce its new president by the I.M.F.-World Bank meetings in mid-April. Robert B. Zoellick, the current president, will step down at the end of June.

    Ms. Okonjo-Iweala and Mr. Ocampo have won the endorsement of a group of developing economies. And the United States is weathering criticism for the time-honored gentlemen’s agreement that ensures its control of the World Bank, even if the institution’s presidential selection process is opening up.

    “For all its virtues, this nomination and its predetermined success reflects how global governance continues to lag behind shifting economic realities,” said Eswar S. Prasad, a professor at Cornell and an expert on international institutions. “Domestic politics has again trumped true multilateralism.”

    Global health experts largely applauded Dr. Kim’s nomination, and he has scooped up the endorsement of a number of prominent commentators, like the development economist Jeffrey Sachs. Europe is expected to back him in that the United States supported the candidacy of Christine Lagarde, the former French finance minister, for managing director of the International Monetary Fund last year.

    Ms. Okonjo-Iweala and Mr. Ocampo were carefully vetted and specifically chosen for their long résumés and expertise in development and international economic negotiation. African governments lobbied the Nigerian president, Goodluck Jonathan, to encourage Ms. Okonjo-Iweala to run; the Group of 11 emerging economies pushed for Mr. Ocampo.

    Ms. Okonjo-Iweala was a World Bank managing director — working directly beneath the president — from 2007 until last July. In Nigeria, she has fought to reduce the country’s debt, gain greater access to international credit markets and battle corruption.

    Mr. Ocampo served as finance minister and the head of the Colombian central bank, and led the arm of the United Nations that facilitates economic development.

    In an interview, Mr. Ocampo expressed some initial hesitancy to enter the race, given the odds. “It is a relatively unbalanced competition,” he said with a laugh.

    But he said his four decades of experience in development and international policy made him an excellent candidate. “I thought the developing-country candidates who were suitable for the job should be in the race,” he said. “I felt a responsibility to put a stone in the road toward a democratic process.”

    Speaking by telephone from New Delhi, where she was attending the BRICS meeting of leaders from Brazil, Russia, India, China and South Africa, Ms. Okonjo-Iweala also called for a merit-based, transparent selection process, suggesting a televised debate for herself, Mr. Ocampo and Dr. Kim.

    “I have tremendous respect for Dr. Kim,” she said. “But you’re looking for the best. You’re not just looking for the acceptable. I can’t believe what I’m hearing: Is this the same West that talks about democracy, openness, and meritocracy, and it’s like it has already been decided!”

    In a communiqué, the leaders of BRICS — whose countries represent more than 40 percent of the world’s population — underscored the need for a merit-based presidential selection process and change within the bank.
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    The system is broken. I recommend Jim Willie's writings on goldenjackass.com. Collapse must be very near. I believe all hell is going to break loose after Obama is "reelected". The 2012 election has already been rigged.

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    Default Re: Massive Bank and High Profile Resignations Across the World

    During my meditation today I saw market crash graph.

    Name:  Crash Graph.jpg
Views: 940
Size:  55.5 KB

    It is possible that what I saw is a reflection of today's situation in financial world.

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    Default Re: Massive Bank and High Profile Resignations Across the World

    We're heading toward March 31st, the end of the fiscal year in some major economies. It might end up as a deadline of sorts for fraudulent debt.

    How do I put spoiler tags on these pics, so they don't crash slow computers?

    The Kwok brothers in HK.



    Dick Fedoricio, UK Met PR



    Sebastien De Montessus

    Last edited by Daozen; 30th March 2012 at 01:08.

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    Default Re: Massive Bank and High Profile Resignations Across the World

    these guys know endgame is here, who cares anymore

    dec 21, 2012 omega point going home three days of darkness, void into another dimension

    do you think they built those underground bases for the fun of it.

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    Default Re: Massive Bank and High Profile Resignations Across the World

    Who says there's gonna be 3 days of darkness? Some kook on the net? Its just bad science mixed with bad spirituality.

    No one's falling for this despair and hopelessness routine any more.

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    Default Re: Massive Bank and High Profile Resignations Across the World

    This is quite incredible that these heads are dropping like flies. I never knew this was happening. I hope this continues let justice be done or the heavens fall!!
    If everyday I can bring a smile to a persons face than I can go peacefully into the nite.

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    Default Re: Massive Bank and High Profile Resignations Across the World

    Facebook Global Resignations list from 27 March.


    Totals for all three categories (since Jan 02):

    Their tally so far:
    Banking & Financing – 313
    Governments – 143
    Companies etc. – 257


    Banking & FinancingWeek 13 {so far}: 20 resignations


    3/29/12 (CHINA) Private equity chief Collin Lau to leave China Sovereign wealth fund
    http://tinyurl.com/bnqdvnb


    3/29/12 (UK) Private equity company 3i Group Plc chief Michael Queen resigns
    http://tinyurl.com/cs4wbxj


    3/28/12 (SINGAPORE) SGX (Singapore Exchange) Co-President Gan Seow Ann resigns
    http://tinyurl.com/ccc6cso


    3/28/12 (UK) T.F. & J.H. Braime Holdings finance director David Brown resigns
    http://tinyurl.com/cgp6k4n


    3/28/12 (SRI LANKA) Seylan Bank chairman Eastman Narangoda resigns
    http://tinyurl.com/cm9babv


    3/28/12 (UK) Paragon (financial services) director Terry Eccles resigns ‘for health reasons’
    http://tinyurl.com/ccww2hv


    3/28/12 (ZIMBABWE) CBZ Holdings Ltd. CEO Nyasha Makuvise resigns
    http://tinyurl.com/dyhsara


    3/27/12 (CHINA) Fidelity China Special Situations (investment) director Gary Shaughnessy resigns
    http://tinyurl.com/dxh8zd5


    3/27/12 (UK) JP Morgan joint manager on Mid Cap investment trust Jane Lennard steps down
    http://tinyurl.com/c74byta


    3/27/12 (SOUTH AFRICA) Royal Bafokeng Holdings Ltd CEO Niall Carroll resigns
    http://tinyurl.com/cwc7tzs


    3/27/12 (USA) Political donor Jeffrey Thompson steps down from accounting firm, offices raided by Feds in investigation
    http://tinyurl.com/6pbehyw


    GovernmentsWeek 13 {so far}: 13 resignations)


    3/30/12 (SWEDEN) Defence Minister Sten Tolgfors resigns amid Saudi row
    http://tinyurl.com/caedu5m


    3/29/12 (USA) Representative Stephen Sandstrom resigns Utah House seat
    http://tinyurl.com/cwgwoyl


    3/29/12 (ISRAEL) Jewish Agency for Israel CFO Yaron Neudorfer resigns
    http://tinyurl.com/dy4ydrf


    3/29/12 (UK) Third senior police official (**Dick Fedorcio**) resigns in Britain’s phone-hacking scandal
    http://tinyurl.com/c9dr4oh


    3/29/12 (PUERTO RICO) Puerto Rico’s police chief Emilio Diaz Colon resigns
    http://tinyurl.com/cbndsvk


    3/28/12 (IRELAND) Former Dublin councillor Finbarr Hanrahan also resigns from Fianna Fáil
    http://tinyurl.com/d7jzv99


    3/28/12 (CHILE) Energy minister Rodrigo Alvarez resigns after protests
    http://tinyurl.com/ck35la3


    3/28/12 (CANADA) Alberta’s Chief Medical Officer Dr. Andre Corriveau resigns
    http://tinyurl.com/dybzea7


    Companies & BusinessesWeek 13 {so far}: 33 resignations)


    3/29/12 (USA) Quicksilver Resources (oil & gas) CFO Philip Cook to resign
    http://tinyurl.com/d7py8os


    3/29/12 (UK) FTI Consulting global chairman Charles Watson steps down
    http://tinyurl.com/d7qqkgu


    3/29/12 (CANADA) Soventix Canada (solar PV manufacturer) CEO Jan Dressel resigns for ‘reasons unspecified’
    http://tinyurl.com/cqs4q64


    3/29/12 (CHINA) Huawei (global ICT services) CEO Zhu Bo resigns
    http://tinyurl.com/cvo279l


    3/29/12 (CHINA) Sinovac Biotech (pharma, vaccines) independent director Ms. Chup Hung Mok resigns
    http://tinyurl.com/d347u3e


    3/29/12 (GLOBAL) Cape plc (international industrial services) CEO Martin May resigns
    http://tinyurl.com/d2cfufj


    3/28/12 (GLOBAL) Russel Reynolds Associates (executive search firm) CEO and president Matthew Wright steps down
    http://tinyurl.com/btab4sd


    3/28/12 (USA) Progress Software (data and computing) CFO Charles F. Wagner leaves
    http://tinyurl.com/6tsc65k


    3/28/12 (INDONESIA) Mining venture Bumi co-chairman Nat Rothschild steps down
    http://tinyurl.com/c3mg4po


    3/28/12 (UK/NORWAY) Valiant Petroleum non-exec director David Blackwood steps down
    http://tinyurl.com/clkth6y


    3/28/12 (USA) Sears Holdings marketing chief Monica Woo steps down
    http://tinyurl.com/cyrueh5


    3/28/12 (IRELAND) Eircom (telecom) CEO Paul Donovan steps down ‘for personal reasons’
    http://tinyurl.com/br6yfug


    3/28/12 (DUBAI) Metin Mitchell (executive search and management advisory firm) co-founder and COO Dominique Liana Russo steps down
    http://tinyurl.com/ctxg3ht


    3/28/12 (USA) Texas State Board of Dental Examiners exec director Sherri Meek resigns before state hearing
    http://tinyurl.com/bnvyufr


    3/28/12 (CANADA) President Dana Johnson of Enerplus U.S. operations (oil & gas) resigns
    http://tinyurl.com/cgb8rez


    3/28/12 (AUSTRALIA) Sherwin Iron Ltd (leading iron ore exploration & development) directr Jamie Henderson resigns
    http://tinyurl.com/c8tf9t4


    3/28/12 (CANADA/MONGOLIA) Undur Tolgoi Minerals Inc. (mining) director Saruul Ganbaatar resigns
    http://tinyurl.com/br4yrem


    3/28/12 (USA) Digirad (nuclear-based medical applications) CFO Richard Slansky resigns
    http://tinyurl.com/d98yrd3


    3/28/12 (USA) U.S. Concrete CFO James Lewis resigns
    http://tinyurl.com/camfv3d


    3/27/12 (NETHERLANDS) Endemol (world leader in entertainment programming) managing director Peter Adrichem to step down
    http://tinyurl.com/cfglxes


    3/27/12 (FRANCE) Vivendi’s (media conglomerate and telecom provider) wireless business SFR’s CEO Frank Esser steps down
    http://tinyurl.com/c5d9rqe


    3/27/12 (COLOMBIA) Director Juan Manuel Ospina of the Colombian Rural Development Institute (body in charge of restoring land to displaced population) resigns
    http://tinyurl.com/7eo5lnc


    3/27/12 (BRAZIL) President of the Brazilian Sugarcane Industry Association Marcos Jank resigns
    http://tinyurl.com/83hf3bh
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    http://www.investmenteurope.net/inve...-monti-reforms

    The presiding council of the Association of Italian Bankers (ABI) has resigned en masse, in protest at the liberalisation measures being pushed through by Mario Monti.

    Monti has proposed to cut banks’ commissions on credit lines, as part of a broader reform programme to revitalize the Italian economy. The measure has been passed in the Senate and now awaits approval in the lower house in Parliament. It is not known yet whether the resignations have been accepted.
    Giuseppe Mussari, head of the ABI, said “the measure will hit our revenues and, as a result, will hurt bank credit policy and, possibly, agreements with labor unions over work contracts”.
    Mussari praised Monti and his reform programme but said that the proposed measure was “the straw that broke the camel’s back”. He demanded: “we want to be treated for what we are worth,” before calling for a return to the original proposal, which was to cut the commission for those banks that refused to be transparent.
    5 march
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    http://www.huffingtonpost.com/2012/0...n_1391938.html
    30 March

    Greg Smith, Ex-Goldman Sachs Executive, Lands Book Deal With $1.5 Million Advance


    NEW YORK, March 30 (Reuters) - Greg Smith, the former Goldman Sachs executive who condemned the powerful investment bank in a scathing New York Times opinion column, has landed a deal to write a book about his 12 years at the firm, according to media reports on Friday.

    Smith, who resigned from Goldman earlier this month, set off a bidding war when he met with several major publishers earlier this week about a book that would include details of what Smith has described as a toxic culture at the famous Wall Street firm, said a publishing industry source.

    The final deal was first reported in Friday's New York Post, which said Grand Central publishing, an imprint of the Hachette Book Group, paid a $1.5 million advance for the book.

    Jennifer Romanello, a spokeswoman for the publishing house, and Smith's literary agent, Paul Fedorko of N.S. Bienstock, had no comment.

    Smith's withering resignation letter published in the New York Times called Goldman a "toxic" place with a culture that boasted of ripping off clients. Smith recounted seeing five of the firm's managing directors refer to clients as "muppets" at times on internal emails.

    The letter captured the imagination of Wall Street and social media websites including Twitter, where Smith instantly became a top trending topic.

    The Johannesburg-born Smith worked at Goldman's London office in equity derivatives as an executive director.

    His op-ed piece was highly unusual because Goldman employees shy away from publicly criticizing the bank, both because it breaks the Goldman code of silence and because non-disparagement agreements signed by many employees bar them from speaking negatively about the firm.

    Goldman responded to the op-ed by saying Smith's views did not reflect the way the business was run.
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    http://www.telegraph.co.uk/finance/n...nge-Libor.html
    30 March
    Former RBS trader Tan Chi Min claims hedge fund asked UK bank to change Libor
    One of Europe's largest hedge funds is alleged to have asked Royal Bank of Scotland to alter the London interbank borrowing rate (Libor) five years ago, according to a court filing by a former trader at the lender.

    Tan Chi Min, a former RBS trader who claims he was wrongfully dismissed by the bank after it fired him for allegedly trying to manipulate Libor - the average rate at which banks lend to each other - said he had received the request in 2007 from Brevan Howard.
    "Brevan Howard telephoned on 20 Aug 2007 to ask the defendant to change the Libor rate," according to a paper filed with the Singapore High Court cited by Bloomberg.

    The court filing alleges RBS "received this request without objection". Brevan Howard is not a party to the lawsuit and is not being investigated or sued for any alleged wrongdoing. RBS and Brevan Howard both declined to comment.
    Mr Tan claimed in his filing that Scott Nygaard, head of short-term markets finance at RBS, knew about the call from Brevan Howard. However, the filing contained no further details to support his allegations. However, he is reported to have said he would provide further evidence at a later stage.

    The legal case follows Mr Tan's firing in December over allegations he had attempted to improperly influence RBS's Libor-setting staff between 2007 and 2011. Mr Tan, who worked for RBS in Singapore as head of delta trading, claims he was wrongfully dismissed by the bank.

    ¤=[Post Update]=¤

    http://www.bbc.co.uk/news/business-17557177
    30 March


    Blackberry-maker Research in Motion (RIM) has said it plans to refocus its business back onto corporate customers.

    The announcement came as RIM reported a quarterly loss, as revenues fell due to sharply lower smartphone sales.

    The Canadian company made a net loss for the three months to 3 March of $125m (£78m), compared with a profit of $934m a year earlier.

    It has lost ground as its traditional business clients have switched staff to iPhones or Android smartphones.

    RIM also announced the resignation of former co-chief executive Jim Balsillie.

    Chief technology officer David Yacht will also be standing down.


    ¤=[Post Update]=¤

    http://www.utsandiego.com/news/2012/...-president/?ap
    30 March
    Activists demand resignation of Hungary president


    BUDAPEST, Hungary — A few dozen activists are camping out outside the offices of Hungary's president demanding his resignation after he was stripped of his doctorate because of plagiarism.
    and
    BUDAPEST (Reuters) - Hungarian President Pal Schmitt cancelled appointments on his schedule on Friday, a day after being stripped of his doctorate following a months-long plagiarism row which opposition parties say made him unworthy of the job.

    The controversy comes at a sensitive time for Hungary as it tries to resolve a lengthy dispute with the European Union on contested new laws to unlock stalled talks on financial support.

    Online news portals origo.hu and nol.hu cited unnamed sources in the ruling Fidesz party and its Christian Democrat allies as saying that Schmitt, who took office less than two years ago, could announce his departure later in the day.
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    http://www.pressgazette.co.uk/story....code=49040&c=1
    30 March


    Police took £2k payment from News Corp subsidiary

    30 March 2012
    By Press Gazette

    Surrey Police has confirmed receiving a £2,000 "charitable donation" from Rupert Murdoch’s News Corp subsidiary NDS.

    Yesterday it was confirmed that NDS was being investigated by media watchdog Ofcom over claims it “helped to hasten the demise” of SkyB’s one-time rival ITV Digital.

    On Monday BBC’s Panorama claimed NDS, a London-based company that secialised in satellite television technology, leaked codes that could have been used to create counterfeit smart cards for the now defunct ITV Digital.

    Surrey Police said had abided by Home Office codes of practice when it accepted the payment from NDS, which was used for new equipment including laptop computers.

    NDS told Tthe Independent the money handed over in 2000 was a “charitable donation” and that it was not aware of any other payments from the company.

    A force spokesman said: “Following a review of our records, Surrey Police can confirm a payment of £2,000 from NDS was received in 2000. Records show that this money was received as sponsorship for equipment including laptop computers.

    "At the time, staff were encouraged to consider sponsorship and a total of £46,700 was recorded by the force that year from a range of organisations including gas and water suppliers and town councils.

    "These contributions were used for a variety of purposes such as providing vehicles for local police teams, education programmes and partnership/community projects.

    "Under the Home Office financial management code of practice, it is acceptable for forces to receive sponsorship to assist in the furtherance of policing initiatives.

    "At present this is the only payment from NDS that the force is aware of; however, inquiries are still ongoing into this matter."

    Yesterday News Corp strongly denied the claims made by Panorama, with Murdoch tweeting: “Seems every competitor and enemy piling on with lies and libels. So bad, easy to hit back hard, which preparing.”

    In a later tweet he added: “Enemies many different agendas, but worst old toffs and right wingers who still want last century's status quo with their monoplies [sic].”

    The company’s chief operating officer Chase Carey said the programme was a “gross misrepresentation of NDS’s role as a high quality and leading provider of technology and services to the pay-TV industry, as are many of the other press accounts that have piled on – if not exaggerated – the BBC’s inaccurate claims”.

    ¤=[Post Update]=¤

    http://citywire.co.uk/wealth-manager...test-news-list
    30 March
    Fund giants hit by Kwok brother property arrests

    Funds run by Henderson, Standard Life Investments (SLI) and M&G are likely to have been hit by the arrest of the brothers who run Asia's largest property developer, but Jupiter’s Philip Gibbs has managed to dodge the bullet.

    Raymond and Thomas Kwok (pictured), co-chairmen of Sun Hung Properties, were arrested overnight in connection with a Hong Kong corruption investigation before being released on bail.

    Shares in the Hong Kong blue chip, which had been suspended on Thursday prior to the announcement, were hit for six when they reopened for business on Friday. They opened the session on HK$111.1 and fell as low as $94 before recovering to end the session on HK$97.9.

    According to latest factsheet data, the news has major implications for several funds.

    These include the $330.9 million Luxembourg-domiciled Henderson Horizon Fund Asia-Pacific Property fund managed by Tim Gibson, which had invested 9.3% of its assets in Sun Hung, making it the fund’s biggest holding.

    The stock was also the biggest holding in Andrew Nicholas’ First State Asian Property Securities fund, which had invested 8.7% of its £7.6 million worth of assets invested.

    It was also a holding in Andrew Jackson’s £554 million SLI Select Property fund, who invested 1.8% into the company making it the third biggest holding at the end of January. However, Jackson stressed the holding was not a major conviction play, pointing out the stock accounts for 3.27% of the Epra/Nareit Global Real Estate index.

    Meanwhile, the Aviva Investors Global Property fund had a 3.74% stake at the end of January, while Gillian Tiltman’s £44.8 million M&G Global Real Estate Securities fund held a 2.9% stake in the company at the end of February.

    However, Jupiter’s Gibbs has managed to dodge the bullet. His Jupiter Absolute Return fund had a 0.4% stake in Sun Hung at the end of January, which he had sold out of by the end of February. Gibbs has been gradually selling down the stake since March 2010 when it hit a high of 1.88%.

    The Kwok brothers were arrested by the Independent Commission Against Corruption (ICAC) along with a former civil service head Rafael Hui
    Oh my ears and whiskers, how late it's getting!

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    Default Re: Massive Bank and High Profile Resignations Across the World

    https://www.myspace.com/tom_heneghan_intel/blog


    EXPLOSIVE Back Breaking News
    Bernanke Crosses the Line of No Return
    by Tom Heneghan
    International Intelligence Expert
    Tuesday March 27, 2012


    UNITED STATES of America - It can now be reported that Federal Reserve Chairman Bernard Bernanke's recent statement concerning a possible QE3 (quantitative easing) was a bald face lie.

    Bernanke's statement was made to accommodate day trades tied to JP Morgan's euro currency derivatives aka illegal naked short put options that were written on the London LIFFE Exchange with U.S. Taxpayers' money.

    Direct message to Bernanke: A sizable element of the U.S. military, along with General Petreaus, want to have you and Timothy Geithner arrested immediately, including the fact that you continue to misuse the Wanta-Reagan-Mitterrand Protocol funds (owed the U.S. Treasury) that were illegally laundered from the Bank of America in Charlotte to none other than the criminal bank and brokerage firm Goldman Sachs.

    P.S. We can now divulge that the alleged margin calls tied to MF Global were actually margin calls made against JP Morgan's custodial account (JP Morgan's custodial), which had already co-mingled the customer segregated accounts of MF Global and JP Morgan in a euro currency derivative ponzi scheme.
    Let's refresh your memory, folks. It was financial terrorist Jamie Dimon that threatened MF Global's CEO Jon Corzine in regards to MF Global meeting the margin call created by none other than JP Morgan custodial.

    Message to financial terrorist Jamie Dimon: Dallas Federal Reserve President and CEO Richard Fisher has the goods on you and you are going to get busted, punk!

    P.P.S. Message to all Roman Catholic voters in the state of Wisconsin: It is imperative that you put a stop to Bush-Clinton-Obama-Federal Reserve stooge (church of satanic latter day saints) Mormon scumbag Mitt Romney.
    He is a total puppet of Wall Street and part of the cabal that looted this country.

    Romney banks in the Cayman Islands
    (Credit: AP/Steven Senne/iStockphoto/miralex)
    http://politics.salon.com

    LATE BREAKING REPORT: The U.S. Attorney in Utah has direct evidence implicating Mormon scumbag Romney for using a 10% tithing aka temporary gift that was given to him by the Mormon Church, which was to be repaid in one year.

    Instead, Mormon scumbag Romney, with the help of current dysfunctional U.S. Secretary of State, loser and lesbian Hillary Rodenhurst Clinton, laundered the money through the Cayman Islands.

    Romney is clearly using these funds that are supposed to be repaid to the Mormon Church to fund his illegal super pac that bombards his Republican primary opponents with personal attack ads.

    I have a direct message to Mormon scumbag Romney: You are a coward, you are a misfit and you are a money launderer. You will never be president of the United States.

    Mitt Romney Kicks Out Journalist Over FED, Goldman Sachs Questions

    http://tinyurl.com/d28sozd
    Oh my ears and whiskers, how late it's getting!

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