Massive Wave Of Resignation (Part V): The New Bandwagon!

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Massive Wave Of Resignation From Top Level Bankers. The Elite Are Loosing Their Grip or/and SHTF (Part I) 

Massive Wave Of Resignations (Part II): More Fuel To The Fire, Arrests And Forced Resignations In Full Effect

Massive Wave Of Resignation (Part III): Momentum Building Up, Eleven Bankers Resign Today (Feb 27th)

Massive Wave Of Resignation (Part IV): It’s Not Slowing Down!


3/04/12 (KOREA) Hana Financial Chairman to Step Down

Kim Seung-yu, chairman of Hana Financial Group Inc. and one of the most prominent figures in the history of South Korean finance, said Sunday he will step down from the post later this month, ending a career in which he built a small institution into the nation’s second-largest financial holding company by assets.

3/05/12 (SAUDI ARABIA) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned

The bank’s board of directors met here yesterday and accepted Al-Rajhi’s resignation, an official statement said, adding that he would continue as a member of the bank’s board of directors.

3/06/12 (JAMAICA) Jamaica’s Financial Services Commission (FSC), Executive director Rohan Barnett, has resigned the position, the Ministry of Finance, Planning and the Public Service announced this afternoon.

Executive director of Jamaica’s Financial Services Commission (FSC), Rohan Barnett, has resigned the position, the Ministry of Finance, Planning and the Public Service announced this afternoon. His resignation takes effect on March 30.

3/07/12 (GERMANY) Deutsche Bank Supervisory Board Wants 2 Executives To Resign

Deutsche Bank AG’s (DB) supervisory board wants executive board members Hugo Baenziger and Hermann-Josef Lamberti to resign, German tabloid Bild reports in a pre-release…

3/07/12 (UNITED ARAB EMIRATES) Dubai Mercantile Exchange announced Thomas Leaver will step down as CEO

The Dubai Mercantile Exchange (DME) today announced Thomas Leaver will step down from his role as chief executive officer.

3/07/12 (UK) Goldman Sachs (GSI) Christopher French, David Wildermuth and Matthew Westerman resign from board

Goldman Sachs is reshuffling the board of directors that oversees its UK-based subsidiary, with four senior executives stepping down from their board-level roles, including investment banking rainmaker Yoel Zaoui.

3/07/12 (FRANCE) Société Générale Private Banking, Daniel Truchi is to step down as head of Société Générale Private Banking

Confirming recent media speculation, Daniel Truchi is to step down as head of Société Générale Private Banking as part of wide-ranging changes at the top of the firm. He will be replaced by Jean-François Mazaud, the Paris-headquartered firm said.

3/08/12 (UK) B&CE CEO Brian Griffiths is to retire later this year

B&CE chief executive Brian Griffiths is to retire later this year and will be replaced by director Patrick Heath-Lay. Griffiths, who has led the organisation for 10 years, will leave in September.

3/09/12 (MONGOLIA) Mongol Bank President Submits Resignation

Mongol Bank President A. Batsukh submitted his resignation letter to Speaker of Parliament D. Demberel at the end of last month. He described his reason for resigning as a “lack of support by Parliament.” Daily newspapers reported that high-profile politicians pressured Batsukh to resign from his post.

3/09/12 (Côte d’Ivoire) Banque Central des Etats d’Afrique de l’Ouest (BCEAO) The Ivorian governor of the multi-billion dollar West Africa Francophone bank, Philippe-Henry Dacoury-Tabley, resigned his post.
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The Ivorian governor of the multi-billion dollar West Africa Francophone bank and a crony of the embattled Laurent Gbagbo, has been forced to resign his post. A statement issued in Dakar on Saturday evening by the Banque Central des Etats d’Afrique de l’Ouest or Bceao, said Philippe-Henry Dacoury-Tabley’s resignation resulted from pressure from the region’s leaders.

Know that these are the “best” resignations that happened this week, in the banking industry. Visit American Kabuki’s list if you want more!

3/09/12 (UK) Barclays CEO John Varley who steps down in March after seven years at the top job

British bank Barclays is expected on Tuesday to name American Bob Diamond, one of the world’s highest paid bankers, as its new chief executive who will take charge next year, reports said.Diamond, estimated to be worth around 95 million pounds (145 million dollars, 115 million euros), will succeed John Varley who steps down in March after seven years at the top job, the Times and Financial Times dailies said.He is currently head of investment banking division, Barclays Capital, which pulled in huge profits in the first six months of this year.

I have recently discovered a new website that provides many more links to the ongoing resignations, this time focusing more on the corporate and political side (as American Kabuki’s already covering the banking part).

Here’s the link, it is from a Facebook page:
Facebook: Global Mass Resignations

Now this page is extremely complete, so I won’t be going through all of the list (it’s actually bigger than American Kabuki’s). As with everything else, there are some meaningless resignations, and there are some very big ones.

According to this page there are 66 government resignations, 92 from big companies and corporations and up to 35 arrests and active investigations. It is very interesting to see that these resignations aren’t simply happening on the banking/financial side of our world. It is even more exciting to see what I would consider a lot of PUBLIC arrests (how many more arrests and investigations are happening behind-the-scene?).

Another thing: the Pope. There have been rumors about the Pope and a possible resignation later this summer. I have read 3-4 articles on the subject, but I thought these RumorMillNews post resumed the situation in a great way:

Rumors And Speculations On Pope Resignation Later This Summer

This is a 5 part post, the 4 other parts are at the top of the page.

So let’s get graphical!

Here are some interesting visuals of the ongoing resignations:

Resignations separated in months:

By general location:

By countries:

By banks:

Source: News-US.jp

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