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Forum Post: ***Latest Resignations From World Banks and Government

Posted 2 years ago on Feb. 21, 2012, 1:06 a.m. EST by Rennaye (34)
This content is user submitted and not an official statement

GOVERNMENT RESIGNATIONS

2/6/12

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

22 Comments

22 Comments


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[-] 1 points by Neuwurldodr (744) 2 years ago

What the..........?

[-] 0 points by 99nproud (2697) 2 months ago

WorldVbank!!

http://us3.campaign-archive1.com/?u=3000ba396484a7eda281a3946&id=7f00419a60&e=9e169484bc

"Each year, the World Bank systematically impoverishes millions through the implementation of draconian policies in order to enrich multinational corporations.

World Bank’s “Doing Business Rankings” forces countries to compete with one another in order to maintain an “ease of business” for wealthy corporations. Failure to do so results in a devaluation of currency, loss of business, and an increase of foreign debt. Under the guise of extending aid to indebted countries, the World Bank then coerces the “structural adjustment” of socioeconomic policies. Thus, forcing a competitive removal of things such as labor laws, labor unions, environmental protections, corporate taxes, and trade barriers. This jeopardizes developing countries’ capability to improve their standard of living and exacerbates inequality all over the world."

Peace, & Solidarity

[-] -1 points by gnomunny (6885) from St Louis, MO 2 years ago

Looks like the rodents are fleeing the fire.

[-] 1 points by Rennaye (34) 2 years ago

Yes, so the question remains...did they resign because they were told to...or because the war drums are beating and there's a mass exodus by the elite from the US?! Time will tell.

[-] 0 points by 99nproud (2697) 2 months ago

Action V WorldBank!!

http://us3.campaign-archive1.com/?u=3000ba396484a7eda281a3946&id=7f00419a60&e=9e169484bc

"Each year, the World Bank systematically impoverishes millions through the implementation of draconian policies in order to enrich multinational corporations.

World Bank’s “Doing Business Rankings” forces countries to compete with one another in order to maintain an “ease of business” for wealthy corporations. Failure to do so results in a devaluation of currency, loss of business, and an increase of foreign debt. Under the guise of extending aid to indebted countries, the World Bank then coerces the “structural adjustment” of socioeconomic policies. Thus, forcing a competitive removal of things such as labor laws, labor unions, environmental protections, corporate taxes, and trade barriers. This jeopardizes developing countries’ capability to improve their standard of living and exacerbates inequality all over the world."

Join us. We need you.

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[-] 2 points by corsali (47) 2 months ago

Keep in mind Gary, that although they do their best to disguise it, both DKA (it's all about the karma points!) & VQuag (alias 99nproud) are strong PARTISAN DEMOCRATS... who have only ONE goal & it is not the success of this movement. It seems from their stand-point, 'it is all just a matter of electing more Democraps & doing some obligatory token PROTESTS....and WA-LA our problems will be solved.' YOU can come to your own conclusion on frf!....;-)

They had a choice to either 'co-opt' or to "join us" and they, not me chose the former. And they will have to live with their decision. Either way, our revolution will go on, with or without them.

You too, for your many great contributions on here, YOU have my profound respect.

[-] -2 points by 99nproud (2697) 2 months ago

You don't speak for anyone but yourself. I for one do not submit to your Purity Judgments.

"We welcome people of ALL political persuasions"!!! (even Repubs & Dems)

Your focus on partisan thought policing at the expense of the thread topic is offensive, counter productive, & destructive for it's distraction from the important issue of World Bank (ALL bank) exploitation and economic predation.

Voting is the least we can do, ALL non violent tactics are needed, And coalescing with like minded groups is critical if we are to succeed.

That requires toleration of free political thought, & expression. Please put aside your Partisan Purity Political secret thought Policing.

Embrace & support all peaceful efforts towards progress on our goals.

Our movement has only grown when we accept free political expression, because our beliefs are "we're in this together', not "you're on your own."

Peace

[-] 0 points by DKAtoday (23961) from Coon Rapids, MN 2 months ago

Your focus on partisan thought policing at the expense of the thread topic is offensive, counter productive, & destructive for it's distraction from the important issue

" counter productive, & destructive for it's distraction from the important issue (s) " = PERIOD

And that is what it is here to do = Be counter productive, destructive & distracting.

[-] 0 points by 99nproud (2697) 2 months ago

I truly prefer discussing the issues. the old partisan flame distractions bores me.

Political witchhunts is devolution, we seek political evolution to direct democracy disconnected from partisanship.

And in the meantime we must still push all issues forward.

Too much substance to discuss, can't get bogged down in McCarthyistic purity policing.

[-] 0 points by DKAtoday (23961) from Coon Rapids, MN 2 months ago

Notice that this asshole troll ( current alias = corsali ) - and the others that follow in it's footsteps - NEVER bring up anything to take positive action on.

It chimes in only to put down possible action - like taking down ALEC and it's membership - it gets it's shorts all in a-bunch and tries to stifle such talk and action. Crying partisan as it's method of distraction/attack to try and kill such positive action as appears on this forum.

[-] 0 points by 99nproud (2697) 2 months ago

Indeed I have noticed. I've also notice tht group seeing every issue as an excuse to Bash one politician, again without any positive suggestions.

There is so much action going on in the streets pushing many of our issues forward. Getting that info into this forum is a saving grace for what is otherwise a playground for uninterested anti 99% concern trolls.

You've been their target from the beginning, I have mostly avoided them.

Solidarity against the trolls

[-] 0 points by DKAtoday (23961) from Coon Rapids, MN 2 months ago

Solidarity against the trolls

Slap em and return to business = forwarding issues that need to be dealt with along with any possible positive actions that come along to deal with the issues.

[-] 1 points by 99nproud (2697) 2 months ago

And updates on where occupations/protests/boycitts/ R happening man,

Gotta update hong kong today, & ferguson (protests this w/e) & maybe a moral monday bit.

& Idk what else. Whatever I find in my travels.

Thx for listening

[-] 1 points by DKAtoday (23961) from Coon Rapids, MN 2 months ago

Thanks for sharing. Thanks for keeping issues in sight on the forum.

[-] -1 points by 99nproud (2697) 2 months ago

My pleasure.

A little World Bank inside protest

http://www.reuters.com/article/2014/10/01/worldbank-restructuring-idUSL2N0RW23P20141001

"Oct 1 (Reuters) - A $94,000 bonus for the World Bank's finance chief, disclosed in an internal blog, is drawing criticism from staff who are questioning it amid planned layoffs and budget cuts at the bank."

I say that little protest would not have happened without OWS 3 years ago.

And some World Bank criticism of Honk Kong protests?

http://usa.chinadaily.com.cn/china/2014-10/07/content_18700761.htm

Doin their part to help the oligarchs in China against the peoples right to fair representation.

World Bank sux in so many ways.

[-] 2 points by DKAtoday (23961) from Coon Rapids, MN 2 months ago

We are ( the vast majority of the population ) in the same battle against insanity - all around the Globe.

[-] 0 points by 99nproud (2697) 2 months ago

Funny how the World Bank employees are surprised (I guess) that mgmt. gets bonuses while they (wrkers) get laid off.

They must've known this 'austerity for workers' & benefits for the 1% is World Bank policy for 3rd world clientstates, naturally they would apply it to their own workers.

instant Karma baby

[-] 1 points by DKAtoday (23961) from Coon Rapids, MN 2 months ago

[-] 1 points by 99nproud (3269) 8 minutes ago

Funny how the World Bank employees are surprised (I guess) that mgmt. gets bonuses while they (wrkers) get laid off.

They must've known this 'austerity for workers' & benefits for the 1% is World Bank policy for 3rd world clientstates, naturally they would apply it to their own workers.

instant Karma baby

↥twinkle ↧stinkle permalink

I wonder if this will shake loose some whistle blowers.

[-] 0 points by DKAtoday (23961) from Coon Rapids, MN 2 months ago

[-] 0 points by DKAtoday (28460) from Coon Rapids, MN 46 minutes ago

[-] 1 points by 99nproud (3269) 8 minutes ago

Funny how the World Bank employees are surprised (I guess) that mgmt. gets bonuses while they (wrkers) get laid off.

They must've known this 'austerity for workers' & benefits for the 1% is World Bank policy for 3rd world clientstates, naturally they would apply it to their own workers.

instant Karma baby

↥twinkle ↧stinkle permalink

I wonder if this will shake loose some whistle blowers.

↥twinkle ↧stinkle reply edit delete permalink

Well someone didn't like my follow-up comment - about - wondering if this would shake loose some whistle blowers.

Why didn't that someone like the comment?

Don't they think that whistle blowers could appear now that they are not scared of losing their job - because they "have" just lost their job and so have no reason to fear that retaliation if they blow the whistle on World Bank practices.

I guess we will never know about the reason someone didn't like the comment.

[-] -3 points by 99nproud (2697) 2 months ago

All protests against the World Bank has the potential to encourage leaks.

Current events:

http://www.takepart.com/article/2014/10/10/world-bank-protest-land-grabs

"While business-suited officials of the World Bank Group hold their annual conference in Washington, D.C., on Friday, activists from around the world will be on the streets outside protesting what they say is the global financier’s damaging impact on land use in the developing world. A coalition representing 235 groups, most of them from developing countries, will stage “creative resistance” actions outside the World Bank’s Washington headquarters and in nine other cities to denounce policies they say promote land grabs—mass-scale land sales to foreign investors that lead to the eviction of local farmers."

Helping banks exploit people all over the world.

[-] 1 points by gnomunny (6885) from St Louis, MO 2 months ago

I'm paying absolutely no attention to the so-called "ebola crisis."

C'mon, V, you're smarter than this. Concentrate on what's really significant. You what that is.

I will take this opportunity to apologize to you, jart and the forum in general, for my outburst last week, though. It was a particularly stressful night and I was out of hand. My sincerest apologies.

Solidarity. Do what you do, for all the good it does. Who knows, really?

g

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