by Carl Herman

Contributing Writer

March 3, 2012
from ActivistPost Website


Judge Andrew Napolitano testifies of Treasury Secretary and Federal Reserve-insider Timothy Geithner’s arrest in this 4-minute corporate news show. American Kabuki lists the daily-increasing bank resignations.


Benjamin Fulford explain and document history and deceit at the top of US and global finance, leading to current and imminent arrests.






What does this mean?

Anyone with intellectual integrity and moral courage can affirm that the Federal Reserve system is guilty of financial fraud at its core.


The “emperor has no clothes” reason is they lie in omission and commission with a fiduciary responsibility:

  • they create debt for what we use as money

  • charge the 99% increasing aggregate interest

  • then tell us this is responsible leadership for the public good

I teach college-level economics; the facts of a debt-based “monetary system,” unpayable and increasing aggregate debt, and increasing per capita interest costs is conservative textbook information.


If you want to understand, I’ll walk you through here.

There’s more to the charge of financial fraud at the top of US economic and financial policy, of course. I recommend the documentation of Matt Taibbi and David DeGraw to dive-into details of the crimes, and Ellen Brown and American Monetary Institute to explore solutions.

Is current news of Geithner and bank “leadership” resignations evidence of an “emperor has no clothes” breakthrough?


The people I work with and I, don’t know. What we do know is that until we have justice with the 1%’s crimes centering in war and money, we’ll continue to document the facts and demand their arrests. These crimes kill millions, harm billions, and loot trillions of our dollars every year.

Until we have justice and policies for 100% of Earth’s inhabitants, it’s just another day of civic activism.


More at below report:









Mass Banking Resignations Signal...

A Purging Has Begun?
by Brandon Turbeville

March 6, 2012
from ActivistPost Website





According to a list compiled by independent blog, American Kabuki, at least 122 banking directors, CEOs, and board members of both national and international stature have resigned since September of last year.


The blog recently posted a list of all 122 of these individuals with links to the announcements and reports of their resignation.

The fact that banks have been reshuffling their personnel is, of course, nothing new. However, 122 resignations does seem like a large number, particularly when one realizes that many of these resignations are coming from relatively large institutions.

As a result, there has been much speculation and concern on the part of many observers as to what these shifts actually mean.

While it should be mentioned that the list contains resignations from some institutions that are relatively small in terms of international finance, one might also do well to remember that banks, insurance companies, corporations, and governments are often tied together by a seemingly infinite number of spiderweb connections that only become visible as certain parts of the financial relationships are unearthed.

To be clear, this writer is not suggesting that every single bank included in this list is part of a criminal conspiracy, cover-up, or act of misconduct. In fact, I am not suggesting that any of them are. However, when it comes to some institutions such as the World Bank or the Bank of England, the history of treachery is obvious and should be kept in mind as you draw your own conclusions.

In fact, it is the resignations taking place amidst these larger institutions that should be a cause for greater concern in the first place.

Indeed, the number of resignations taking place amongst large institutions such as,

  • CitiBank

  • Lloyds Banking Group

  • UBS

  • Bank of America

  • Goldman Sachs

  • JP Morgan,

...alone, should be enough to turn some heads.

But there is also an alarming number of central banks included on this list as well. Perhaps the most surprising is the fact that Phillip Hildebrand, the head of Switzerland’s central bank, recently handed in his resignation.


Not only that, but there have been resignations coming from several other central banks including,

  • Argentina

  • Kuwait

  • Nicaraqua

  • Kenya

Even the World Bank is now accepting the resignation of Robert Zoellick.

The truth is, we don’t know what these resignations actually mean.

  • Are they merely coincidence?

  • Is this par for the course in the international banking industry?

  • Or are we witnessing the beginning of a rush for the exits by those who are in a position to see what is coming down the pike? Considering the state of the world financial system, this would not be too hard to believe.

  • Or are we witnessing a panicked flight of the guilty on the eve of a coming round of real investigations?

  • Might there be a coming worldwide financial scandal that these individuals would drastically like to avoid?

Either way, 122 resignations from September to March at least sounds like a big number.


It would be nice to know exactly what the rate of resignation was in previous years. Until we are able to find that number, it might be wise for us to ask ourselves what these individuals know that we don’t.

Below is the list of resignations as compiled by along with some additions at the end:


  1. 9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-UP

  2. 09/20/11 (SCOTLAND) SCOTTISH WIDOWS (RETIREMENT INVESTMENT SAVINGS FUND) There could be no Scottish representative on the board of Lloyds Banking Group, owner of Bank of Scotland, in future after it announced the departure of Lord Sandy Leitch, the chairman of Scottish Widows and group deputy chairman.

  3. 9/25/11 (SWITZERLAND) UBS  CEO Oswald Gruebel quits over £1.5bn rogue trader crisis

  4. 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012

  5. 10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns

  6. 10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns

  7. 11/01/11 (INDIA) More directors of the Beed district bank resign

  8. 11/02/11 (UK) Lloyds Banking Group chief executive, António Horta-Osório, is to take leave of absence on health grounds for six to eight weeks, the BBC has reported. (STILL OUT AS OF 2/24/12 - DEFACTO RESIGNATION)

  9. 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign

  10. 11/29/11 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorp. and Seneca National Bank

  11. 12/15/11 (UK) Senior private banker James Fleming resigns from Coutts [private bank]

  12. 12/23/11 (USA VA) Bank feud: Chairman Mark Giles quits VNB

  13. 12/23/11 (USA VA) Bank feud: Board Member Claire Gargalli quits VNB

  14. 12/23/11 (USA VA) Bank feud: Board Member Leslie Disharoon quits VNB

  15. 12/23/11 (USA VA) Bank feud: Board Member Neal Kassell quits VNB

  16. 1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns

  17. 1/01/12 (ISRAEL) Israel's Bank Leumi CEO Galia Maor steps down after 16 years

  18. 1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down

  19. 1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board

  20. 1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board.

  21. 1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down

  22. 1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns

  23. 1/19/12 (SPAIN) Spanish bank Santander's Americas chief Francisco Luzon quits

  24. 1/30/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down

  25. 1/20/12 (JAPAN) Normura's head of wholesale banking Jasjit Bhattai quits

  26. 1/21/12 (Greece)  Institute of International Finance negotiator Charles Dallara quits

  27. 1/21/12 (Greece)  Institute of International Finance negotiator Jean Lemierre quits

  28. 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down

  29. 1/31/12 (SCOTLAND) Royal Bank of Scotland former CEO Fred Goodwin Stripped of Knighthood

  30. 2/01/12 (SOUTH AFRICA) ABSA [Barclay's Bank] deputy CEO Louis von Zeuner resigns

  31. 2/01/12 (UK) Lloyds Bankging Group head of wholesaleTruett Tate quits

  32. 2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February

  33. 2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption

  34. 2/05/12 (USA - NY) Morgan's investment banking chairman Joseph Perella quit

  35. 2/05/12 (USA - NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit

  36. 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:

  37. 2/7/12 (USA) Bank Of America's Mortgage Business Chief Barbara Desoer Retires

  38. 2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits

  39. 2/07/12 (IRAN) Iran denies central bank resignation rumor (don't believe until its denied?)

  40. 2/09/12 (VATICAN) Institute for the Works of Religion (IOR) Four Priests (names were not disclosed) charged In Vatican Banking Scandal. CEO Paolo Cipriani and bank president Ettore Gotti Tedeschi (a member of Opus Dei) are under investigation.

  41. 2/9/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits

  42. 2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down

  43. 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns

  44. 2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns

  45. 2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns

  46. 2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank

  47. 2/15/12 (WORLD) World Bank CEO Zoellick resigns - Did the White House tell the World Bank president that he's out?

  48. 2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns

  49. 2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns

  50. 2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down

  51. 2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down

  52. 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits

  53. 2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns

  54. 2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested

  55. 2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested

  56. 2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested

  57. 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns

  58. 2/17/12 (USA) Goldman Sachs CEO Lloyd Blankfein out as by summer

  59. 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns

  60. 2/18/12 (PAKISTAN) The Bank of Azad Jammu & Kashmir executive Zulfiqar Abbasi resigns

  61. 2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down

  62. 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns

  63. 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns

  64. 2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits

  65. 2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns

  66. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns conflict of interest with director seat on unknown bank

  67. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns conflict of interest with director seat on unknown bank

  68. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns conflict of interest with director seat on unknown bank

  69. 2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns conflict of interest with director seat on unknown bank

  70. 2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns conflict of interest with director seat on Eastland Insurance Company Limited

  71. 2/21/12 (JAPAN) CITIBANK JAPAN: Bakhshi is taking over duties from Brian Mccappin, who the bank said in December would resign after the unit was banned for two weeks from trading tied to the London and Tokyo interbank offered rates.

  72. 2/22/12 (HONG KONG) DZ BANK project finance head Tim Meaney quits

  73. 2/22/12 (USA) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire

  74. 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank

  75. 2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns.

  76. 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns

  77. 2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns

  78. 2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns

  79. 2/24/12 (USA) Evercore Partners Head Eduardo Mestre steps down

  80. 2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits

  81. 2/27/12 (GERMANY) Deutsche Bank Americas chief  Seth Waugh steps down

  82. 2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits

  83. 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down

  84. 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns

  85. 2/27/12 (INDIA) Kotak Mahindra Bank Ms Falguni Nayar Quits

  86. 2/27/12 (GERMANY) Equiduct chairman Artur Fischersteps down

  87. 2/27/12 (BAHRAIN) - Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns

  88. 2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza Khaavari Resigns - Flees to Canada!

  89. 2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns

  90. 2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down

  91. 2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits

  92. 2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits

  93. 2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons

  94. 2/28/12 (HONG KONG) Bank of America's Asia-Pac. mrkts Brian Canniffe quits

  95. 2/28/12 (BELGIUM) KBC's CEO Jan Vanhevel is to retire after a career spanning 41 years.

  96. 2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits

  97. 2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft

  98. 2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires

  99. 2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns

  100. 2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not available for a new mandate

  101. 2/28/12 (UK) Bank of England Sir David Lees re-appointed Chair of Bank of England and gives notice of resignation at end of 2013

  102. 2/28/12 (IRELAND) State Street Global Advisors Cash Funds plc Director Keith Walsh resigns

  103. 2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down

  104. 2/29/12 (UK) Honister Capital CEO Richard Pearson steps down

  105. 3/1/12 (MALAYSIA) RHB Bank Bhd deputy managing director Renzo Viegas quits

  106. 3/1/12 (ITALY) Italian Banking Association Chairman Giuseppe Mussari talks to reporters in Rome after he and seven other executives offered to resign in protest over new banking-fee rules included in the government's legislation on boosting competition.

  107. 3/1/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits

  108. 3/1/12 (USA) PineBridge Investments said Win Neuger has resigned as chief executive. Neuger helped build AIG's third party asset management business, PineBridge still manages AIG assets

  109. 3/1/12 (SINGAPORE) UBS Singapore - James Tulley is leaving Switzerland’s largest bank, it is not clear where he is going.  -

  110. 3/1/12 (USA NH) Piscataqua Savings Bank CEO Jay Gibson retires

  111. 3/2/12 (CHINA) China Construction Bank Corp, the assistant general manager and head of corporate banking Mickey Mehta quits

  112. 3/2/12 (USA) Deutsche Bank Student Loan CEOJohn Hupalo quits to start student loan counseling firm.

  113. 3/2/12 (UK) Bank of England Sir Mervin King resigns in June, Lord Sassoon tipped as replacement.

  114. 3/2/12 (BOTSWANA) Barclays Bank Botswana managing director Wilfred Mpai forced to resign

  115. 3/2/12 (HONG KONG) New Century Group Hong Kong Ltd [investment house and leisure group] Wilson Ng resigns

  116. 3/2/12 (USA) Citigroup Richard Parsons to step down as chairman

  117. 3/3/12 (AUSTRIA) Volksbank AG (VBAG) The contract of CEO Gerald Wenzel will not be extended

  118. 3/4/12 (KOREA)  Hana Financial Group Inc, prominent figure in the history of South Korean finance Kim Seung-yu , resigns

  119. 3/4/12 (USA) JP Morgan prop trading chief Mike Stewart quits

  120. 3/5/12 ( SAUDI ARABIA) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned

  121. 3/5/12 (UK) Jupiter fund co-manager Tony Nutt steps down

  122. 3/5/12 (UK) Jupiter fund co-manager John Hamilton steps down



Additional Resignations



Resignations From Government Offices Related to Banking