The rats are deserting ship!

the rats are deserting ship!

Massive Wave Of Resignation

1 World Bank CEO Zoellick resigns
[link to business.time.com]
> World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization. Zoellick, 58, informed the board he will leave June 30 at the end of a five-year term, during which he led the bank’s response to the global financial crisis. Read more: Link

2 Anz Bank CFO Australia resigns
[link to www.proformative.com]
> The chief financial officer of Australia & New Zealand Banking Group Ltd. announced recently that he will resign from the position, a move that will reportedly lead to a significant executive shuffle.
>
> According to MarketWatch, CFO Peter Marriott says he plans to pursue a non-executive career after spending 15 years as the bank's finance chief. Marriott will officially leave the financial institution on May 1, at which time institutional banking head Shayne Elliott will reportedly take over the role.
3 Nicaraqua Central Bank Pres Rosales resigns
[link to www.bloomberg.com]
> Nicaragua’s Central Bank President Antenor Rosales quit amid differences with President Daniel Ortega over plans to use central bank reserves for the creation of a regional bank for a Venezuelan-led bloc of Latin American nations, known as Alba.
4 Credit Suisse Chief Joseph Tan resigns
[link to www.businessweek.com]
> Joseph Tan, chief Asian economist of Credit Suisse Group AG’s private bank in Singapore has resigned. “I have left Credit Suisse,” Tan, who joined the Swiss bank in September 2008, said. “I’m considering my options at the moment.”
5 GERMAN PRESIDENT Christian Ruff resigns
[link to www.dailymail.co.uk]
> Germany's president resigned in disgrace yesterday after failing to gag newspapers investigating him over political favours. The resignation of Christian Wulff – a victory for Press freedom – is an embarrassing blow to Chancellor Angela Merkel, who had hand-picked her political ally as president.

6 Royal Bank of Scotland Austrailin CEO Stephen Williams resigns
[link to www.theaustralian.com.au]
> ANDREW Chick will step in to lead Royal Bank of Scotland's Australian arm after Stephen Williams quits the role. Mr Williams confirmed yesterday that he will relinquish his position in three to six months

7 Kuwait Central Bank CEO resigns
[link to www.washingtonpost.com]
> The head of Kuwait’s central bank of more than 25 years has resigned, state media said Monday, in the latest shake-up among the Gulf nation’s veteran policymakers as political tensions grow. The official Kuwait News Agency said Sheik Salem Abdulaziz Al Sabah, a member of the Gulf nation’s ruling family, has stepped down after serving as Central Bank governor since 1986.

8 Slovenia TWO largest Banks CEO's (2) resign
[link to www.bloomberg.com]
> Nova Ljubljanska Banka d.d. and Nova Kreditna Banka Maribor d.d., Slovenia’s two largest banks, are without chiefs as they struggle with mounting bad loans.
>
> Andrej Plos, the chief executive officer of Nova Kreditna Banka Maribor, who took the helm of Slovenia’s second-biggest bank in January, offered his resignation today without giving a reason. Bozo Jasovic, the CEO of the larger Nova Ljubljanska Banka d.d. stepped down in December over the bank’s attempt to sell the holding in retailer Mercator Poslovni Sistem d.d. to the Croatian rival Agrokor d.d.

9 Bank of India CEO Chaturvedi resigns
[link to www.livemint.com]
> Mumbai:Amitabh Chaturvedi quit as managing director and chief executive officer (CEO) of private sector lender Dhanlaxmi Bank Ltd on Monday, following alleged differences with the bank’s board on a range of issues relating to business strategies. P.G. Jayakumar, the bank’s executive director, took over as the new managing director and CEO, according to a release from the bank.

10 Tamilnad Mercantile Bank CEO resigns
[link to www.business-standard.com]
> A couple of days after Dhanlaxmi Bank's chief executive resigned, the top post in Tamilnad Mercantile Bank has also become vacant. A K Jagannathan, managing director and chief executive of the Tuticorin-based, old generation private bank, put in his papers on Thursday, citing personal reasons.
Then there are the rumors of Goldman Sachs CEO resigning, though I haven't been able to confirm this yet. Here's where the rumor coming from: [link to finance.fortune.cnn.com]

Bank feud: Chairman Giles quits VNB with other directors
[link to www.readthehook.com]
> A feud over corporate governance compounded an already painful December for a major Central Virginia financial institution. Virginia National Bank has experienced a leadership shake-up that has seen nearly one third of the board of trustees quit including the chairman, Mark Giles.
>
> "My resignation is effective immediately," Giles tells President Glenn Rust in a December 19 letter that followed an apparently contentious meeting earlier that day.
Arrests made in Italy after discovery of $6 trillion in fake U.S. bonds
[link to edition.cnn.com]
> Italian authorities on Friday arrested eight people in possession of an estimated $6 trillion in counterfeit U.S. Treasury bonds, according to Italian paramilitary police and an Italian news agency. The discovery of the fake bonds -- made to look as if they were printed by the U.S. Federal Reserve in 1934 -- came about as part of an investigation into a local mafia association.
No, they weren't fake bonds. You don't fake 6 trillions, then sell them to some investor and get away alive with it. It just doesn't happen this way, you sell 6 trillion fake bonds and you won't even last a day. No one will buy 6 trillion fake bonds, because when you make such a purchase, you make sure it is not faked. So partial disclosure by the media? Yes, I think.

Four Priests Charged In Vatican Banking Scandal
[link to www.ascensionearth2012.blogspot.com]
> Italian investigators have charged four priests with laundering money out of the Vatican's official bank, the Institute for the Works of Religion, the National Catholic Reporter's John L. Allen Jr. writes. The Italian daily l'Unita was the first to report that the priests were being investigated for laundering hundreds of thousands of dollars. It's the latest in a series of investigations into Vatican finances dating back to 2010.
>
> In December of that year, Pope Benedict XVI decreed an updated anti-money laundering law for Vatican finances.