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Iran Escalates Again, Cuts Off Oil Shipments To Spain

Tyler Durden's picture


Those hoping for a quick and painless resolution to the Iranian question may have just seen their hopes dashed, following the breaking news from Iranian Press TV, according to which not only is Iran not seeking to appease its Western counterparts, but is, in fact escalating. From Press TV: "Tehran has cut oil supply to Spain after stopping crude export to Greece as part of its countersanctions, unnamed sources confirmed on Tuesday. Tehran also mulls cutting oil supply to Germany and Italy." "Countersactions" - lovely: another Swiss watch plan by the insolvent developed world. Said otherwise, one can hardly threaten to do something to a country, which is already doing so voluntarily, in the process hurting Europe's already crippled economies even more by removing the cheapest source of energy for both. Which however begs the question: just how much more Iranian crude are China and India importing despite promises to the contrary, and open warnings from the US not to do so?


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Tue, 04/10/2012 - 09:00 | 2330766 Gully Foyle
Gully Foyle's picture

I'm confused how calling " No soup for you" is an escalation?


Tue, 04/10/2012 - 09:22 | 2330824 SilverTree
SilverTree's picture

"8 – I assume no international military conflict in Iran."

-Bob Janjuah

Tue, 04/10/2012 - 09:29 | 2330849 tmosley
tmosley's picture

But it's REALLY GOOD soup!

Tue, 04/10/2012 - 09:47 | 2330905 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Cosmo Kramer: A hot bowl of 'mulligatawny' would hit the spot.
Elaine: 'Mulligatawny'?
Cosmo Kramer: Yes, it's a delightful Persian concoction simmered to perfection by one of the great soup artisans in the modern era.
Elaine: Who, the Soup Nazi?
Cosmo Kramer: He's not a Nazi, Elaine. He just happens to be a little eccentric. Most geniuses are

Tue, 04/10/2012 - 10:01 | 2330951 LasVegasDave
LasVegasDave's picture

Can we just bomb those evil motherfuckers back into the stone age already and take their oil as reperations for 1979

Tue, 04/10/2012 - 10:09 | 2330978 Urban Roman
Urban Roman's picture

You mean payback for the "October Surprise" and the Reagan administration?


Tue, 04/10/2012 - 11:40 | 2331327 prole
prole's picture

If he dreams of a nuclear holocaust to avenge a 1979 incident involving -0- deaths, imagine the vengeance he must want for the 35 murdered in 1967?

Las Vegas Dork, what oh what do you propose we do to avenge 1967?

Wed, 04/11/2012 - 05:37 | 2333879 barkingbill
barkingbill's picture

i think las vegas dude would like a global thermal nuclear avenge the 35......gad damn it freedom just aint free....ya know? 

Tue, 04/10/2012 - 10:17 | 2331019 fightthepower
fightthepower's picture

Someone should bomb you back to the stonage, bully.  Its their oil, its their country, they can do what ever they want. 

Tue, 04/10/2012 - 12:13 | 2331458 blunderdog
blunderdog's picture

"Stone Age" is a state of mind.  LVD is a good indication that some folks never left it.

Tue, 04/10/2012 - 12:41 | 2331559 General Decline
General Decline's picture

What does Iran have to gain by provoking the United States/Isreal to attack it?

Tue, 04/10/2012 - 12:59 | 2331654 blunderdog
blunderdog's picture

I don't see any provocation.  Could you clarify?

Tue, 04/10/2012 - 13:38 | 2331831 General Decline
General Decline's picture

I'm focusing on the phrase "counter sanctions". If sanctions are an act of war then so are counter sanctions. Albeit, defensive. This will be just another excuse by the military industrial complex to justify attack. "See! They arent sharing their oil with the world!" [the collective sheep gasp in horror]

Although I can't tell you what a better course of action would be for Iran. They're pretty much damned if they do - damned if they don't at this point.

Tue, 04/10/2012 - 14:18 | 2331983 blunderdog
blunderdog's picture

Wrong place, wrong time.  We like to demonstrate our superiority every couple years by kicking small dogs, but it's really not a good time for us to do that with Iran.

I suspect the Iran stuff is misdirection, myself.  Something else is going on and focus on Iran is an effort to keep it out of view.

Wed, 04/11/2012 - 05:45 | 2333883 barkingbill
barkingbill's picture

look i think Iran has figured out that they have a better chance of survival with the north korean more belligerent strategy then the more western cooperative gaddafi strategy....

Tue, 04/10/2012 - 10:43 | 2331138 Seize Mars
Seize Mars's picture

Those evil mothers who took hostages, detained them and released them unharmed? Quite an outrage, that.

Those evil mothers who haven't started a war in, say, 2000 years?

Those evil mothers who have the nerve to try to reduce their dependence on oil by attempting to use nuclear electricity generation?

Those evil mothers who have the nerve to express the desire to trade their oil for currency that isn't US Dollars?

Those evil mothers?

Tue, 04/10/2012 - 12:10 | 2331450 Nobody For President
Nobody For President's picture

Yeah, those evil ones.

Also the ones that installed mullalhs after having the nerve to overthrow the Shah that we installed after  overthrowing the democratically elected gubermint they once had.

Yep, those guys.

Tue, 04/10/2012 - 12:34 | 2331526 Old Poor Richard
Old Poor Richard's picture

Wait a minute, you mean the guys whose democratically elected gubmint was overthrown because the democratically elected gubmint had the nerve to suggest that they owned their own oil, that it wasn't owned by British oil companies? 

Sounds like an overthow offense to me. 

Thank dawg we had neocons infiltrating the USG even back then to protect the interests of Big Oil.  Sort of tarnishes the idea of the English Double-0's and CIA spooks being swave and deeboner anti-communist, anti-drug-lord heroes.


Tue, 04/10/2012 - 10:48 | 2331156 TheFourthStooge-ing
TheFourthStooge-ing's picture

LasVegasDave said:

Can we just bomb those evil motherfuckers back into the stone age already and take their oil as reperations for 1979

Can we just let them bomb Vichy DC back into the stone age and give them Las Vegas as reparations for 1953?


Tue, 04/10/2012 - 11:17 | 2331248 DaveyJones
DaveyJones's picture

Hard to believe, with open minded and unselfish people like LVD, that the rest of the world has an issue with us  

Tue, 04/10/2012 - 12:36 | 2331538 AnAnonymous
AnAnonymous's picture

Can we just bomb those evil motherfuckers back into the stone age already and take their oil as reperations for 1979

No can do.

US citizens run an extortion of the weak, farming of the poor business.

In such scheme, one has to be carefull to keep the easiest possible people in the position of the extorted and the farmed.

Bombing Iranians to the stone age and taking their oil would put US citizens in ownership of said oil.

Higher prices of oil to come.

Tue, 04/10/2012 - 12:51 | 2331612 TheFourthStooge-ing
TheFourthStooge-ing's picture

AnAnonymous said:

US citizens run an extortion of the weak, farming of the poor business.

Speak for yourself, hop head.


Tue, 04/10/2012 - 13:16 | 2331727 Sandmann
Sandmann's picture

Name a country the Us has bombed into the stone age ? It has been singularly ineffectual - even North Vietnam survived B52 raids and emerged to take over Saigon as American helicopters fled the US Embassy compound. And in Iraq....super Stealth bombers did what ? Put Iran in control of Iraq. Maybe the US should bomb its own infrastructure and ask the Chinese to build some new stuff instead of the 1930s Interstates and tiled tunnels like the Midtown and Callaghan.....I mean bombing people bavk to the stone age so they have crappy infrastructure like much of the US East Coast ?

Tue, 04/10/2012 - 09:52 | 2330921 quintago
quintago's picture

The world continued to revolve n Iran when crude was yielding $8/bbl and somehow sanctions are going to change their minds?

Any country with more than a thousand year history knows this type of crap will pass. When we take time to understand that mindset, we might get somewhere with that part of the world.

Until then all we have is our guns.

Tue, 04/10/2012 - 10:44 | 2331137 rwe2late
rwe2late's picture

 How dare Iranians cease shipments to countries that are totally cutting off business dealings with them!

Tue, 04/10/2012 - 09:01 | 2330768 RyanW525
RyanW525's picture

Oh yea, the industrial world has Iran right where they want them!!

Tue, 04/10/2012 - 09:03 | 2330773 GeneMarchbanks
GeneMarchbanks's picture

On the verge of complete chaos?

Tue, 04/10/2012 - 09:30 | 2330850 Freeman-S-Stratos
Freeman-S-Stratos's picture

I know everyone will hate me for this... but.... Freedom of speech n' all:


Banker Arrests:

  1. 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.
  2. 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.
  3. 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.
  4. 11/07/11 (UAE - DUBAI) HSBC Analyst, Toby Carroll, Arrested In Dubai With Two Girlfriends For Extramarital Sex
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. 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!
  13. 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.
  14. 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 .
  15. 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.
  16. 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.
  17. 3/24/12 (RUSSIA) Vladimir Putin issues arrest warrant for George Soros.
  18. 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.
  19. 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.
  20. 3/26/12 (SPAIN) Spanish Mortgage Broker Arrested
  21. 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.
  22. 3/28/12 (PHILIPINES) Banker and Ponzi Scammer, Celso de los Angeles, under hospital arrest dies.


Banker Resignations:

  1. 9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-UP
  2. 9/06/11 (BELGIUM) Dexia confirmed that its CEO Stefaan Decraene had left the company. Its exposures to sovereign debt in the PIIGS nations are larger than its core Tier 1 capital.
  3. 9/09/11 (GERMANY) European Central Bank (ECB) governing board member Jürgen Stark, who has resigned
  4. 9/09/11 (US OR) Chief investment officer for the Oregon State Treasury  Ron Schmitz  resigns.
  5. 9/12/11 (HONG KONG) HSBC Group Hang Seng Bank Non-Executive Director Mark McCombe resigns
  6. 9/12/11 (US PA) First Commonwealth Financial Corp, Exec. vice president/strategic resources  Thaddeus J. Clements  resigns
  7. 9/14/11 (USA NJ) Columbia Bank CEO Raymond G. Hallock Announces Retirement
  8. 9/14/11 (NEW ZELAND) AMP NZ Office Limited (ANZO), Mark Verbiest has resigned as a director. His resignation arises due to his desire to devote the necessary time and energy to his prospective new role as Chairman of Telecom, assuming the Telecom demerger is sanctioned by Telecom shareholders.
  9. 9/15/11 (USA NY) Morgan Stanley, Chairman John Mack resigns
  10. 9/18/11 (JORDAN) Central Bank governor Faris Sharaf resigns over policy
  11. 9/19/11 (US MS)  COO of Parkway Properties (REIT)  William Flatt  Resigns
  12. 9/20/11 (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.
  13. 9/20/11 (JAPAN) BLife Investment Corporation (Diawa House Asset Management) Director Masaomi Yamadaira resigns
  14. 9/21/11 (AUSTRALIA & NZ) JP Morgan Australia and New Zealand Worldwide Securities Services CEO Jane Perry resigned
  15. 9/23/11 (Singapore) Executive board director  Rohit Bhagat has tendered his resignation to the board of BlackRock (Singapore) Limited and BlackRock Asset Management North Asia Limited.
  16. 9/25/11 (SWITZERLAND) UBS  CEO Oswald Gruebel quits over £1.5bn rogue trader crisis
  17. 9/25/11 (USA CA) Douglas E. Tow, Executive Vice President and Chief Credit Officer, will retire from the Company
  18. 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012
  19. 9/29/11 (UK) Barclays, Head of UK & European Retail Banking Deanna Oppenheimer resigned.
  20. 9/29/11 (USA NM) New Mexico Pension Fund Director Terry Slattery Resigns
  21. 9/30/11 (SINGAPORE) AIMS AMP CAP INDUSTRIAL REIT, Ms Tang Buck Kiau resigned.
  22. 9/30/11 (ICELAND)  Alternate board member of Iceland State Financial Investments  Thórdís Bjarnadóttir resigns
  23. 10/01/11 (USA MO) Federal Reserve Bank of Kansas City President Thomas M. Hoenig retired on Oct. 1, 2011
  24. 10/03/11 (INDIA) The of Euram Bank Asia, president Arun Panchariya, has resigned after being implicated in a stock trading scandal in India.
  25. 10/03/11 (GHANA) Intercontinental Bank Ghana Limited, Managing Director and CEO Albert Mmegwa resigned.
  26. 10/03/11 (USA FL) Quantek Opportunity Fund, portfolio manager Javier Guerra. Arbitration awarded $1 million damages to Aris Multi-Strategy Fund. Quantek Asset Management made false statements to Aris.
  27. 10/05/11 (UK) UBS co-chief François Gouws of global equities had resigned after last month’s revelation of a $2.3 billion loss from unauthorized trading.
  28. 10/05/11 (UK) UBS co-chief Yassine Bouhara of global equities had resigned after last month’s revelation of a $2.3 billion loss from unauthorized trading.
  29. 10/10/11 (BELGIUM) Dexia (Franco-Belgian bank) its chairman Jean-Luc Dehaene will give up his role on the board of Dexia's Belgian division, which is being sold to the Belgian state as part of a rescue deal, the group said on Monday.
  30. 10/11/11 (UK) BlackRock, head of sterling portfolios and manager of the Corporate Bond fund, Paul Shuttleworth, has resigned after 11 years at the firm.
  31. 10/11/11 (UK) Dynamic Funds, portfolio manager David Taylor has resigned.
  32. 10/11/11 (CHINA) China Construction Bank Non-Executive Direct Sue Yang resigns for personal reasons.
  33. 10/13/11 (UK) Cogent Partners co-head research department Katita Palamar resigned.
  34. 10/13/11 (UK) Cogent Partners co-head research department Bill Farrell resigned.
  35. 10/13/11 (US OR)  MBank CEO  Rex Brittle  resigns
  36. 10/14/11 (USA TX) Deutsche Bank Investment Advisor Griffin Perry resigns, SEC regulations prevented him from campaigning for his father Rick Perry's Presidential campaign.
  37. 10/23/11 (USA) Fairholme Capital Management LLC, Director Charles Fernandez stepped down for personal reasons. Fairholme Fund has lost 26 percent of its net asset value due to bets that have backfired on AIG Inc, Bank of America Corp and Florida-based landowner and developer St Joe Co.
  38. 10/24/11 (ICELAND) Icelandic State Financial Investments board members of Icelandic State Financial Investments have resigned following “outside interference” with their Sept. 30 decision to hire Pall Magnusson, the former political adviser to the island’s industry minister, as chief executive officer. [names and positions have been requested from the reporter on 3/9/12]
  39. 10/24/11 (SINGAPORE) Keppel Corporation Limited, Teo Soon Hoe will resign from his role as group finance director Jan 1.
  40. 10/26/11 (INDIA) Beed District Bank (Coop Bank) CEO B S Deshmukh arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
  41. 10/26/11 (INDIA) Beed District Bank (Coop Bank) former CEO A N Kulkarni arrested for embezzling Maharashtra State Electricity Distribution Company Ltd payment deposits.
  42. 10/26/11 (US VA) The Federal Home Loan Mortgage Corporation, CEO Charles E. Haldeman will retire in 2012
  43. 10/27/11 (USA NY) Keefe, Bruyette & Woods Inc (KBW) CEO John Duffy stepped aside. Duffy has prostate cancer.
  44. 10/27/11(US WA) Pacific International Bank CEO  Woosung "Edward" Park abruptly resigns
  45. 10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns
  46. 10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns
  47. 10/31/11 (EUROPEAN COMMUNITY) European Central Bank President Jean-Claude Trichet, resigns.
  48. 11/01/11 (INDIA) Beed District Bank (Coop Bank More directors resign [research still being conducted on the names]
  49. 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)
  50. 11/03/11 (POLAND) Nordea Bank Poland, Wlodzimierz Kicinski resigned from as President of the Management Board of Nordea Bank Poland as of the 10th of November.
  51. 11/04/11 (USA NY) MF Global, Jon Corzine, stepped down as chairman and CEO, hired criminal attorney to represent him.
  52. 11/04/11 (SWITZERLAND)  Hyposwiss Private Bank Ltd., Director  Hans Bodmer resigns from the Board
  53. 11/07/11 (SINGAPORE) Singapore Mercantile Exchange (SMX), CEO Framroze Pochara quits.
  54. 11/08/11 (SINGAPORE) The Singapore Fund, Inc, Austin C. Dowling has resigned as Director of the Fund
  55. 11/09/11 (USA NY) HSBC Israeli desk, managing director Issac Doueck resigned.
  56. 11/09/11 (ISRAEL) HSBC Israeli desk, senior representative Simon Hakim resigned.
  57. 11/09/11 (SWITZERLAND) HSBC Israeli desk, head of Israel Dan Sagi resigned.
  58. 11/09/11 (USA NY) HSBC Israeli desk, ????? resigned.
  59. 11/09/11 (USA NY) HSBC Israeli desk, ????? resigned.
  60. 11/10/11 (EUROPEAN COMMUNITY) European Central Bank Lorenzo Bini Smaghi resigned from the European Central Bank’s Executive Board.
  61. 11/11/11 (HONG KONG) Goldman Sachs' Asia Pacific co-head Yusuf Alireza is retiring from the investment bank after 19 years
  62. 11/10/11 (INDIA) UBS The head of India operations at UBS AG , Manisha Girotra, has resigned
  63. 11/15/11 (USA NY) Icahn Enterprises LP, senior managing director of health-care investing, Alex Denner, has resigned.
  64. 11/16/11 (EUROPEAN COMMUNITY) International Monetary Fund Europe, director Antonio Borges resigns for personal reasons.
  65. 11/17/11 (NETHERLANDS) Syntrus Achmea (pensions manager), CIO Marjolein Sol is resigning.
  66. 11/17/11 (INDIA)  Nomura India's investment banking head  Nipun Goel  resigns
  67. 11/17/11 (INDIA)  Nomura India's Capital market division head Indraneil Borkakoty  resigns
  68. 11/17/11 (INDIA)  Nomura India's executive director  Shubham Majumder   resigns
  69. 11/18/11 (US WA)  President and Chief Executive Officer of the Federal Home Loan Bank of Seattle  Steven R. Horton  retires
  70. 11/18/11 (US MD)  Legendary mutual fund manager  Bill Miller CIO of Legg Mason Capital Management and portfolio manager of LM Value Trust resigns
  71. 11/18/11 (ICELAND) Horn Invest hf., Director of the Board of Guðrún Ragnarsdóttir resigned
  72. 11/18/11 (ICELAND) CEO of Landsbankinn  Steinthór Pálsson  resigned from the Board of Horn Invest hf.
  73. 11/18/11 (SCOTLAND) Scottish Widows Investment Partnership Limited (SWIP) Private Equity Fund, wish to announce the resignation of John Brett from the Board of Directors of the Company, for business reasons.
  74. 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign
  75. 11/23/11 (GERMANY)  CEO of Clearstream Banking AG, Frankfurt  Andreas Wolf  resigns and leaves the boards of Clearstream International S.A., Luxembourg and Deutsche Börse Group
  76. 11/23/12 (USA SC & NC) Bank of the Carolinas, CFO Eric Rhodes resigns for personal reasons. Bank of the Carolinas was delisted from the NASDAQ on 3/9/12
  77. 11/24/12 (IRELAND) AXA Rosenberg Management Ireland Limited, director Simon Vanstone resigns.
  78. 11/28/11 (LATVIA) Latvia’s chief banking regulator, Irena Krumane, said she resigned today, a week after the state took over Latvijas Krajbanka AS (LKB1R), the Baltic News Service reported. The bank regulator suspended operations at Krajbanka, a subsidiary of Lithuania’s Bankas Snoras AB, on Nov. 21 and said around 100 million lati ($191.8 million) was missing. The Lithuanian government seized Snoras on Nov. 16 saying assets reported on the lender’s balance sheet were missing.
  79. 11/29/11 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorp. and Seneca National Bank
  80. 11/29/11 (NORWAY) Carnegie ASA’s co-head of investment banking in Norway, Cato Holmsen, has resigned
  81. 11/29/11 (FRANCE) AXA Real Estate Investment Managers, Global head of business development, strategy and research for Kiran Patel, has handed in his resignation. Patel was with the firm for 11 years.
  82. 11/30/11 (LITHUANIA) Lithuania Central Bank, Governor Vitas Vasiliauskas fired Kazimieras Ramonas, head of the banking supervision department, after seizing Bankas Snoras AB, the country’s third-biggest deposit bank.
  83. 11/31/11 (AUSTRALIA) Commonwealth Bank CEO  Sir Ralph Norris  Australia's highest-paid banker, quits
  84. 12/01/11 (SRI LANKA) Sri Lanka's Securities and Exchange Commission (SEC) head Indrani Sugathadasa resigned.
  85. 12/02/11 (PAKISTAN) NIB Bank, Singapore forced resignation of CEO Khawaja Iqbal Hassan, for mismanagement
  86. 12/03/11 (USA SC) South Carolina's $25 billion pension fund chief investor Robert Borden resigned. Borden's resignation comes as the SC Retirement System faces a $13 billion deficit, prompting state lawmakers to call for a massive overhaul of the system.
  87. 12/05/11 (BERMUDA) HSBC Bermuda Ltd, chairman of the board and director John Campbell resigns
  88. 12/05/11 (BERMUDA) HSBC Bermuda Ltd, CEO  Philip Butterfield retires
  89. 12/06/11 (USA ) Western Liberty Bancorp CFO George Rosenbaum has resigned.
  90. 12/08/11 (USA) Fidelity Global Special Situations Fund, manager Jorma Korhonen resigned.
  91. 12/08/11 (INDIA) Nomura's co-head of equity-linked solutions Neeraj Hora, resigns
  92. 12/09/11 (France) Executive board director of Kléline  Abdallah Hitti resigned. Kléline is an electronic banking arm of the Group BNP PARIBAS .
  93. 12/12/11 (Papua New Guinea) Bank South Pacific (BSP) chairman  Kostas Constantinou resigned as a director of the Board of Bank of South Pacific Limited and its subsidiaries.
  94. 12/14/11 (MAURITIUS) African Alliance Africa Pioneer Fund I (the "Fund"), Portfolio Manager Paul David Austin Clark resigned
  95. 12/14/11 (USA NY) Goldman Sachs global head Milton R. Berlinski retiring at the end of the year
  96. 12/14/11 (IRELAND) AfricanAlliance I's portfolio manager  Paul David Austin Clark  resigns
  97. 12/15/11 (UK) Coutts [private bank] Senior private banker James Fleming resigns
  98. 12/19/11 (CANADA) Holloway Lodging Real Estate Investment Trust (a REIT) CEO Glenn Squires has resigned
  99. 12/19/11 (JAPAN) Citibank Japan CEO, Darren Buckley, resigns after Citibank was punished by regulators for the third time in seven years.
  100. 12/19/11 (DENMARK) Danske Bank Peter Straarup, who will retire February 15
  101. 12/19/11 (DENMARK) Danske Bank Eivind Kolding has resigned as Chairman of the Board of Directors and from the three board committees on which he served, He continues as member of Danske Bank’s Board of Directors until he assumes the position of Chairman of the Executive Board on 15 February 2012. On the same day, at the latest, Eivind Kolding will resign from the A.P. Moller-Maersk Group.
  102. 12/20/11 (UK) Prudential (UK) Chairman Harvey McGrath has informed the Board of his intention to retire from the Board in 2012 once a successor has been found.
  103. 12/20/11 (USA MA) Century Bancorp, Inc., Director Roger S. Berkowitz resigned.
  104. 12/21/11 (USA MN) Voyager Bank, fired CEO trade accusations, New details have emerged in Voyager Bank's firing of its CEO in a court filing that accuses him of defrauding the bank of $15 million. The former CEO, Timothy Owens, has sued the bank for wrongful termination and accused the bank of defaming him.
  105. 12/23/11 (USA VA)  Virginia National Bank (VNB) Chairman Mark Giles quits
  106. 12/23/11 (USA VA)  Virginia National Bank (VNB) Board Member Claire Gargalli quits
  107. 12/23/11 (USA VA)  Virginia National Bank (VNB) Board Member Leslie Disharoon quits
  108. 12/23/11 (USA VA)  Virginia National Bank (VNB) Board Member Neal Kassell quits
  109. 12/23/11 (USA) Third Avenue Value Fund, co-manager Marty Whitman is leaving.
  110. 12/23/11 (US NV)  Chief financial officer of Western Liberty Bancorp George Rosenbaum resigns
  111. 12/31/11 (US CA)  Wells Fargo Senior EVP  Mark Oman  retires
  112. 1/01/12 (US FL) OptimumBank  Larry Willis  left the board shortly after he was re-elected at the company shareholder meeting.
  113. 1/01/12 (SINGAPORE)  Keppel's group finance director  Teo Soon Hoe  resigns
  114. 1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns
  115. 1/01/12 (ISRAEL) Israel's Bank Leumi CEO Galia Maor steps down after 16 years
  116. 1/03/12 (GREECE) Marfin Popular Bank Public Co Ltd, Mr Eleftherios Hiliadakis has resigned from the Board of Directors.
  117. 1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down
  118. 1/03/12 (USA WI) Michael Falbo, president and CEO of Southport Bank, has resigned just six months after accepting the position.
  119. 1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board
  120. 1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board.
  121. 1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down
  122. 1/05/12 (USA NY) Blackstone/GSO Senior Floating Rate Term Fund and Blackstone/GSO Long-Short Credit Income Fund announced that John R. O’Neill has resigned.
  123. 1/07/12 (UK) Arab Banking Corporation Intl. Bank (ABCIB) Manama, Bahrain: ABCIB announced retirement of CEO Nofal Barbar from its London office.
  124. 1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns
  125. 1/09/12 (USA WASHINGTON DC) Whitehouse former banker and Chief of Staff William M. Daley resigned
  126. 1/09/12 (USA NY) Morgan Stanley Chief Legal Officer Frank Barron retires.
  127. 1/09/12 (SWITZERLAND) Temenos Group AG, provider of core banking software announced the resignation of Mark Austen as a member of the Board of Directors.
  128. 1/10/12 (LIECHTENSTIEN) LLB CEO and chairman Josef Fehr  resigned .
  129. 1/10/12 (US DC)  Fannie Mae (The Federal National Mortgage Association) Chief Executive  Michael J. Williams  resigns
  130. 1/10/12 (USA IN) Security Bank of Springfield, president and CEO Steve Cour has announced plans to retire at the end of June.
  131. 1/11/12 (KAZAKHSTAN) BTA Bank, CEO Marat Zairov resigns for health reasons.
  132. 1/11/12 (SWITZERLAND) La Banque Privée Edmond de Rothschild, CEO Claude Messulam resigns, replaced by Christophe de Backer, Claude Messulam to become a director of the bank holding company.
  133. 1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading Edward K. Eisler retires
  134. 1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading David B. Heller retires
  135. 1/13/12 (IRELAND) National Asset Management Agency, head of lending Graham Emmett is resigning
  136. 1/13/12 (USA DC) World Bank, Vice President for Africa, Oby Ezekwesili will retire from her position at the World Bank in May.
  137. 1/16/12 (UAE)  Ajman Bank CEO  Mubashar Khokhar  resigns
  138. 1/17/12 (CANADA) Cumberland Private Wealth Management CIO John Wilson quit to join another money manager.
  139. 1/17/12 (HONG KONG) Oversea-Chinese Banking Corporation Limited (OCBC Bank) CEO David Conner retires.
  140. 1/17/12 (UK) Morgan Stanley Intl, chairman Walid Chammah is retiring. An inside source speculated that it could mean that the company had suffered exposure to European sovereign debt woes under Chammah's purview.
  141. 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Ali Yousef Al Awwadhy resigned.
  142. 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Miss Anoud Fadhel Al Hathran resigned.
  143. 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Tarek Farid Al Othman resigned.
  144. 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Salem Ali Hassan Al Ali resigned.
  145. 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Majed Ali Oweid Awadh resigned.
  146. 1/17/12 (KUWAIT) Commercial Bank of Kuwait S.A.K. Board Member Mr. Badr Suliman Al Ahmed resigned.
  147. 1/18/12 (USA) Goldman Sachs co-heads of Goldman's securities business David Heller resigns.
  148. 1/18/12 (USA) Goldman Sachs co-heads of Goldman's securities business Edward Eisler resigns.
  149. 1/18/12 (USA) Goldman Sachs co-head of its investment management division Ed Forst resigns.
  150. 1/19/12 (UK) Santander, senior director Americas division Francisco Luzón is retiring with a pension pot of about €56m, a package whose generous size is expected to reignite controversy over bankers’ remuneration.
  151. 1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Alaa' Sabaa resigned from board of directors.
  152. 1/19/12 (EGYPT) Beltone Financial Holding (BTFH) Wael EL Mahgary resigned from board of directors.
  153. 1/20/12 (JAPAN) Normura's head of wholesale banking Jasjit Bhattai quits
  154. 1/20/12 (SOUTH AFRICA) First National Bank's sharia banking division is in a state of flux after it was hit by a corporate governance scandal in which its chief executive, Ebi Patel, was put on "special leave" for almost a month while an internal probe was conducted. Patel has been reinstated, but is facing disciplinary action.  Islamic finance forbids the payment and receipt of interest (riba), and investment in some industries. Sharia law states that interest-bearing transactions result in economic ills such as unemployment and high inflation. Trading in derivatives and speculative investment are also forbidden. Sharia law requires all transactions to be backed by tangible assets.
  155. 1/20/12 (USA) TIAA-CREF executive vice president and president of Asset Management, Scott C. Evans resigned
  156. 1/20/12 (SOUTH AFRICA) South African deputy economic development minister Enoch Godongwana quit his post this week in the face of growing outrage in government circles about his involvement in a company that allegedly defrauded clothing factory workers of R100-million of their pension fund money.
  157. 1/21/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down
  158. 1/21/12 (SINGAPORE) ANZ Asia's private banking head Nina Aguas resigns as managing director of Asia-Pacific private banking.
  159. 1/21/12 (USA CA) Nara Bancorp (Now called BBCN) President and CEO Min Kim Resigns
  160. 1/22/12 (KENYA) National Bank of Kenya's (NBK) managing director, Mr Reuben Marambii, will resign before year end.
  161. 1/23/12 (SOUTH AFRICA) The South Africa Private Equity and Venture Capital Association (SAVCA) CEO JP Fourie resigned
  162. 1/24/12 (IRELAND) Deutsche International Corporate Services Limited fund, Paul Shevlin resigned as a director
  163. 1/24/12 (SWITZERLAND) Global Fund to Fight AIDS, Tuberculosis and Malaria, Dr. Michel Kazatchkine, a French clinical immunologist and head of the $22.6 billion fund has abruptly resigned, since revelations about corruption and misspending severely rattled some of its biggest donors. The resignation came on the eve of the World Economic Forum meeting in Davos, which played a role in its creation a decade ago. A dinner for the public-private fund is planned Thursday with U.N. Secretary-General Ban Ki-moon and major backers Bill Gates and the Bill & Melinda Gates Foundation. The shakeup resulted from an internal review to address problems highlighted in Associated Press stories last year about the loss of tens of millions of dollars in grant money because of mismanagement and alleged fraud. Its biggest private donor is the Bill & Melinda Gates Foundation, which has pledged $1.15 billion and provided it with $650 million so far.
  164. 1/25/12 (Papua New Guinea) Bank South Pacific (BSP) chairman  Kostas Constantinou resigned as a director of the Board of Bank of South Pacific Limited and its subsidiaries.
  165. 1/25/12 (UK) SOFIA PROPERTY FUND LIMITED, Gerry Williams has resigned as a Director, following his resignation from Ardel Holdings Limited ("Ardel") where he was CEO. Ardel is the holding company of Ardel Fund Services Limited which provides administration services in Guernsey to the Company.
  166. 1/25/12 (USA NY) Fortress Private Equity, CEO Daniel Madrid (aka Daniel Mudd) has resigned. Madrid was forced to leave in order to deal with SEC allegations. Prior to joining Fortress, Madrid served as Fannie Mae CEO and was forced to resign. SEC sued Madrid and former Freddie Mac CEO Richard West Long (aka Richard Syron) for hiding hundreds of billions of dollars in subprime loans. Madrid denied the SEC allegations saying the US govt. and investors were informed of Fannie Mae’s loan data. and and
  167. 1/27/12 (SINGAPORE) AIMS AMP CAP INDUSTRIAL REIT, Mr Graham Sugden resigned.
  168. 1/27/12 (SOUTH AFRICA) ABSA Group COO Alfie Naidoo would be leaving to pursue personal interests
  169. 1/27/12 (SOUTH AFRICA) ABSA Group chief marketing and communication officer Happy Ntshingila, will be taking up an "exciting position" outside banking
  170. 1/27/12 (SOUTH AFRICA) ABSA Group CEO Daphne Motsepe retires at the end of April after a 10-year career at the bank.
  171. 1/29/12 (PORTUGAL) Banco Santander Totta SA executive chairman Nuno Manuel da Silva Amado has resigned
  172. 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down
  173. 1/29/12 (UAE) NBD, Emirates 's investment banking division CEO Suresh Kumar is leaving the bank
  174. 1/30/12 (UK) British Private Equity and Venture Capital Association (BVCA) COO Andrew Graham steps down
  175. 1/31/12 (SCOTLAND) Royal Bank of Scotland former CEO Fred Goodwin Stripped of Knighthood
  176. 2/01/12 (US CT)  President and CEO of the First National Bank of Suffield  George W. Hermann  resigns
  177. 2/01/12 (SYRIA) Arab Bank Syria Board member Basma Talal Zein resigns.
  178. 2/01/12 (SOUTH AFRICA) ABSA [Barclay's Bank] deputy CEO Louis von Zeuner resigns
  179. 2/01/12 (UK) Lloyds Bankging Group head of wholesaleTruett Tate quits
  180. 2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February
  181. 2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption
  182. 2/02/12 (USA) American Perspective Bank, President and CEO Thomas J. Beene resigned.
  183. 2/02/12 (USA) NIR Group hedge funds, Corey Ribotsky was forced out of NIR by Pricewaterhouse-Coopers, the court-appointed liquidator, following allegations of fraud by the Securities and Exchange Commission. In September, the SEC sued Ribotsky and NIR for taking more than $1 million of investors’ money to buy cars and watches.
  184. 2/02/12 (IRELAND) AXA Rosenberg Management Ireland Limited, director Nathalie Savey resigned.
  185. 2/03/12 (VIETNAM)  VinaCapital Vietnam Opportunity Fund Limited's director  Horst Geicke  resigns
  186. 2/03/12 (UK) VinaCapital Vietnam Opportunity Fund Ltd, Non-Executive Director Horst Geicke has resigned.
  187. 2/03/12 (UK) UBS London trader, Kweku M. Adoboli, was arrested and charged with fraud and false accounting, forcing UBS to announce a $2.3 billion trading loss.
  188. 2/05/12 (USA - NY) Morgan's investment banking chairman Joseph Perella quit
  189. 2/05/12 (USA - NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit
  190. 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits:
  191. 2/06/12 (USA NY) TD Ameritrade, head of retail distribution John Bunch resigns. Bunch is leaving to take the top job at a small investment advisory firmin Kansas City.
  192. 2/06/12 (CANADA)  Director of Sprott Inc.  Mark McCain  resigns
  193. 2/07/12 (USA) Bank Of America's Mortgage Business Chief Barbara Desoer Retires
  194. 2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits
  195. 2/07/12 (IRAN) Iran denies central bank resignation rumor (don't believe until its denied?)
  196. 2/07/12 (UK) Agneash Soft Commodities PLC, an investment company in mineral, announced resignation of its Chief Investment Officer  Tom Winnifrith .
  197. 2/07/12 (US NY) BlackRock, General counsel Robert P. Connolly  leaves
  198. 2/08/12 (SOUTH AFRICA) Standard Bank Group Ltd - Resignation of Group Secretary Loren Wulfsohn
  199. 2/08/12 (USA OH) Cleveland International Fund (CIF) private equity fund, A. Eddy Zai launched and led the Cleveland International Fund, an investment outfit that pairs wealthy foreign investors hoping for U.S. residency with job-creating projects. Zai resigned from his job this week, before being indicted in a bank-fraud scheme that, according to investigators, contributed to the collapse of a credit union in Eastlake.
  200. 2/08/12 (UAE) Emirates NBD makes top-level changes Bank's deputy chief executive officer Abdul Wahed Al Fahim has resigned.
  201. 2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 62 year old Monsignor Emilio Messina, the Archdiocese of Camerino-San Severino Marche investigated on money laundering by Italian officials.
  202. 2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 49 year old Father Don Salvatore Palumbo of the socially popular parish of San Gaetano
  203. 2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 37 year old Father Horace Bonaccorsi of Catania, already tried and acquitted in Sicily for money laundering offenses recycling money through accounts at IOR
  204. 2/09/12 (VATICAN) Institute for Religious Works (IOR aka "Vatican Bank"), 85 year old Father Don Evaldo Biasini of Rome. Father Don Evaldo Biasini is known as the "Don of Cash".
  205. 2/09/12 (IRELAND) SPL Investment Funds's director John Davey discharged
  206. 2/09/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits
  207. 2/09/12 (UK) JP Morgan Chinese Investment Trust PLC, non-executive Director Madam Yujiang Zhao resigned
  208. 2/09/12 (UK) Alliance Trust Savings (ATS), Robert Burgess is stepping down as CEO.
  209. 2/10/12 (NIGERIA)  Peace Capital Market Limited Managing Director Sabinus Iroanya Chukwu  resigns
  210. 2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down
  211. 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns
  212. 2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns
  213. 2/13/12 (UK) Goldman Sachs confirmed on Monday that George N. Mattson, one of the firm’s top deal makers in the industrial sector, will retire. He was a senior relationship banker with a client list that included General Motors, General Electric and Caterpillar.
  214. 2/13/12 (HONDURAS) Honduras finance minister William Chong Wong, resigned on Monday after the International Monetary Fund (IMF) said the country did not reach its deficit and monetary targets for 2011.
  215. 2/13/12 (US PA) AmerisourceBergen CFO Michael DiCandilo Abruptly Leaves.
  216. 2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns
  217. 2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank
  218. 2/14/12 (PAKISTAN) National Bank of Pakistan (NBP) chairman Syed Ali Raza resigned
  219. 2/14/12 (USA NY) Goldman Sachs Jeffrey Moslow resigns, an investment banker to companies such as Tyco International Ltd, Nstar, the Boston-based utility, and defense contractor Dyncorp International Inc.
  220. 2/15/12 (SOUTH AFRICA) HPA - Hospitality Property Fund Limited, chairman Frank Berkeley resigned.
  221. 2/15/12 (USA) Boston Properties (REIT), Executive VP and COO E. Mitchell Norvilleto resigned
  222. 2/15/12 (WORLD) World Bank CEO Zoellick resigns
    Did the White House tell the World Bank president that he's out?
  223. 2/15/12 (CHINA) Morgan non-executive chairman Stanley Stephen Roach will be retiring.
  224. 2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns
  225. 2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns
  226. 2/16/12(CHINA)  Goldman Sachs Vice Chairman in Asia Pacific excluding Japan   Mark Machin  steps down
  227. 2/16/12 (USA IL) Deerfield Capital Management LLC, CEO Daniel Hattori and CEO of CIFC Corp resigned.
  228. 2/16/12 (USA IL) Deerfield Capital Management LLC, COO Luke Knecht and CEO of CIFC Corp, resigned both positions.
  229. 2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down
  230. 2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down
  231. 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits
  232. 2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns
  233. 2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested
  234. 2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested
  235. 2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested
  236. 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austraila CEO Stephen Williams resigns
  237. 2/17/12 (SOUTH AFRICA) Coronation Fund Managers CEO Hugo Nelson is stepping down at age of 40.
  238. 2/17/12 (PAKISTAN) PICIC Asset Management Company Limited CFO Ahmed Raza resigns
  239. 2/17/12 (USA NY) Goldman Sachs CEO Lloyd Blankfein out as by summer
  240. 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns
  241. 2/17/12 (UK) Insight Investment, asset manager Mike Pinggera has resigned..
  242. 2/17/12 (USA NY) Harbinger Group Inc. CFO Francis T. McCarron has advised the Company of his resignation effective April 30
  243. 2/17/12 (BULGARIA) Bulgaria National Health Insurance Fund (NHIF), The managing director Neli Nesheva, resigned after a two-day row about end-of-year bonuses paid by NHIF to its employees.
  244. 2/18/12 (PAKISTAN) The Bank of Azad Jammu and Kashmir executive Zulfiqar Abbasi resigns
  245. 2/19/12 (MALTA) Bank of Valletta, director of the Multi-Manager Fund John C. Ripard, has resigned being reprimanded by the MFSA for disposing of his holdings in the Fund whilst in possession of sensitive information which was not available to the public.
  246. 2/20/12 (IRELAND) SPL Investment Funds's director  Mike Kirby  resigns
  247. 2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down
  248. 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns
  249. 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns
  250. 2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits
  251. 2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns
  252. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns
    conflict of interest with director seat on unknown bank
  253. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns
    conflict of interest with director seat on unknown bank
  254. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns
    conflict of interest with director seat on unknown bank
  255. 2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns
    conflict of interest with director seat on unknown bank
  256. 2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns
    conflict of interest with director seat on Eastland Insurance Company Limited
  257. 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.
  258. 2/22/12 (US CA)  PIMCO, Chairman of the board Vernon Wright  resigned from the world's biggest bond fund.
  259. 2/22/12 (US CA)  PIMCO board member Gregg Silver resigned from the world's biggest bond fund.
  260. 2/22/12 (HONG KONG) DZ BANK project finance head Tim Meaney quits
  261. 2/22/12 (SINGAPORE) Macquarie International Infrastructure Fund's CEO John Stuart to resign
  262. 2/22/12 (USA NY) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire
  263. 2/22/12 (UK) UBS AG’s (UBSN) Doug McCutcheon, head of Healthcare Banking in Europe, Middle East, Africa and Asia-Pacific region, has left Switzerland’s biggest bank after 25 years at the firm.
  264. 2/23/12 (UK) Goldman Sachs Nordic M&A banker Luca Ferrari has decided to retire from the firm, clients included the largest telecommunications operator in Spain the Spanish telecommunications.
  265. 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank
  266. 2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns.
  267. 2/24/12 (GUERNSEY) Spearpoint Limited (SPL) Investment Funds, director Mike Kirby resigns for business reasons.
  268. 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns
  269. 2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns
  270. 2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns
  271. 2/24/12 (USA NY) Evercore Partners Head Eduardo Mestre steps down
  272. 2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits
  273. 2/25/12 (DENMARK) European Investment Bank (EIB), Mr Sigmund Lubanski, of the Kingdom of Denmark tendered his resignation.
  274. 2/25/2012 (LUXEMBOURG)  European Investment Bank, director of the Board  Sigmund Lubanski  resigns
  275. 2/27/12 (GERMANY) Deutsche Bank Americas chief  Seth Waugh steps down
  276. 2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits
  277. 2/27/12 (BAHRAIN) - Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns
  278. 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down
  279. 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns
  280. 2/27/12 (GERMANY) Equiduct chairman Artur Fischer steps down
  281. 2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza Khaavari Resigns - Flees to Canada!
  282. 2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns
  283. 2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down
  284. 2/27/12 (SINGAPORE) Standard Chartered Bank, global head of repo and collateralised financing Tanweer Khan resigned.
  285. 2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits
  286. 2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits
  287. 2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons
  288. 2/28/12 (HONG KONG) Bank of America's Asia-Pac. mrkts Brian Canniffe quits
  289. 2/28/12 (BELGIUM) KBC's CEO Jan Vanhevel is to retire after a career spanning 41 years.
  290. 2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits
  291. 2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft
  292. 2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires
  293. 2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns
  294. 2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not available for a new mandate
  295. 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
  296. 2/28/12 (IRELAND) State Street Global Advisors Cash Funds plc Director Keith Walsh resigns
  297. 2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down
  298. 2/29/12 (UK) Honister Capital CEO Richard Pearson steps down
  299. 2/29/12 (GUYANA) National Investment and Commercial Investments Ltd. (NICIL), Executive Director Winston Brassington resigns, “We feel that (Winston) Brassington knows everything…A to Z about all the transactions,” said Chairman of the Alliance for Change (AFC), Khemraj Ramjattan, as he sounded a warning that controversial figure could be subpoenaed to appear before the Parliamentary Economic Sector Committee.
  300. 3/01/12 (MALAYSIA) RHB Bank Bhd deputy managing director Renzo Viegas quits
  301. 3/01/12 (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.
  302. 3/01/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits
  303. 3/01/12 (USA NY) 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
  304. 3/01/12 (SINGAPORE) UBS Singapore - James Tulley is leaving Switzerland’s largest bank, it is not clear where he is going.
  305. 3/01/12 (USA NH) Piscataqua Savings Bank CEO Jay Gibson retires
  306. 3/01/12 (ICELAND) Iceland’s Financial Supervisory Authority (FSA) fired its director Gunnar Andersen
  307. 3/01/12 (USA OR) Oregon Public Employees Retirement Fund (OPERF) senior RE officer Brad Child will retire
  308. 3/02/12 (USA NC) North Carolina Retirement Systems, Chief investment officer Shawn Wischmeier  resigned.
  309. 3/02/12 (CHINA) China Construction Bank Corp, assistant general manager and head of corporate banking Mickey Mehta quits
  310. 3/02/12 (USA NY) Deutsche Bank Student Loan CEOJohn Hupalo quits to start student loan counseling firm.
  311. 3/02/12 (UK) Bank of England Sir Mervin King resigns in June, Lord Sassoon tipped as replacement.
  312. 3/02/12 (BOTSWANA) Barclays Bank Botswana managing director Wilfred Mpai forced to resign
  313. 3/02/12 (HONG KONG) New Century Group Hong Kong Ltd [investment house and leisure group] Wilson Ng resigns
  314. 3/02/12 (USA NY) Citigroup Richard Parsons to step down as chairman
  315. 3/03/12 (AUSTRIA) Volksbank AG (VBAG) The contract of CEO Gerald Wenzel will not be extended
  316. 3/03/12 (ETHIOPIA) Dashen Bank’s board dismisses president Leulseged Teferi
  317. 3/03/12 (RUSSIA) Enza Capital KK, Wealthy British banker Philip Townsend (Baron Townsend of Rathmore) and his wife killed at Estonia holiday home  ?44541444? and and
  318. 3/04/12 (KOREA)  Hana Financial Group Inc, prominent figure in the history of South Korean finance Kim Seung-yu , resigns
  319. 3/04/12 (USA NY) JP Morgan prop trading chief Mike Stewart quits
  320. 3/05/12 (SAUDI ARABIA) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned
  321. 3/5/12 (UK) Jupiter fund co-manager Tony Nutt steps down
  322. 3/05/12 (UK) Jupiter fund co-manager John Hamilton steps down
  323. 3/05/12 (NEW ZEALAND) Insured Group Bill Jeffries has resigned as chairman and director
  324. 3/05/12 (USA) Reliance Bancshares chairman Patrick Gideon resigned
  325. 3/05/12 (UK) Charterhouse partner Gordon Bonnyman is stepping down.
  326. 3/05/12 (UK) HgCapital, partner Lindsay Dibden is leaving after 20 years.
  327. 3/06/12 (FRANCE) Blackstone Group's Paris office leader Jean-Michel Steg will step down
  328. 3/06/12 (JAMAICA) Jamaica Money Market Brokers Limited, Patricia Sutherland has resigned as Executive Director
  329. 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.
  330. 3/06/12 USA CT) Wells Fargo & Co. said that Mackey McDonald, one of the last remaining directors from Wachovia is retiring.
  331. 3/06/12 (USA PA)  USA Technologies Inc Bradley M. Tirpak, a nominee of Shareholder Advocates for Value Enhancement,has resigned from its board subsequent to a settlement agreement with the investing group, according to an SEC filing. Provides a network of wireless non-cash transactions, associated financial/network services and energy management. It provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries.
  332. 3/06/12 (UK) Sterling Green Group has announced that Philip Kanas, a non-executive director, has decided to resign
    Sterling Green Group PLC became a cash shell following the disposal of their subsidiaries Taxdebts Ltd, Sterling Green (Mortgages) Ltd and the back books of the clients of Sterling Green Ltd. during December 2011.
  333. 3/06/12 (UK) Aberdeen Asset Management, non-executive director Gerhard Fusenig has resigned from the board.
  334. 3/07/12 (GERMANY) Deutsche Bank AG's (DB) Chief Risk Officer Hugo Baenzigeri to resign
  335. 3/07/12 (GERMANY) Deutsche Bank AG's (DB) Chief Operating Officer Hermann-Josef Lamberti to resign
  336. 3/07/12 (UNITED ARAB EMIRATES) Dubai Mercantile Exchange announced Thomas Leaver will step down as CEO
  337. 3/07/12 (SCOTLAND) Macfarlane Group Chairman Archie Hunter to step down after 8 years of service
  338. 3/07/12 (USA) BlackRock Emerging Markets Fund co-head Daniel Tubbs, has left the group to pursue other opportunities.
  339. 3/07/12 (UK) Goldman Sachs (GSI) Christopher French resigns from board
  340. 3/07/12 (UK) Goldman Sachs (GSI) David Wildermuth resigns from board
  341. 3/07/12 (UK) Goldman Sachs (GSI) Matthew Westerman resigns from board
  342. 3/07/12 (UK) Goldman Sachs (GSI) co-head of global mergers and acquisitions Yoel Zaoui resigns
  343. 3/07/12 (UK) Goldman Sachs (GSI) Phil Beatty resigned as head of European power and natural-gas trading
  344. 3/07/12 (SINGAPORE) Nikko Asset Management Timothy McCarthy is retiring as chairman and CEO at the end of the month
  345. 3/07/12 (HONG KONG) UBS Senior Asia Economist Jonathan Anderson Departs
  347. 3/07/12 (FRANCE) Société Générale Private Banking, Daniel Truchi is to step down as head of Société Générale Private Banking
  348. 3/07/12 (AUSTRALIA) Customers Ltd, Tim Wildash has cashed himself out as chief executive of Australia’s largest ATM operator
  349. 3/07/12 (USA CA) CALSTRS, Pascal Villiger, senior private equity portfolio manager at the $145 billion California State Teachers’ Retirement System resigns
  350. 3/07/12 (USA) Astaire quits Bank of America Merrill to dance to Barclays Capital’s tune
  351. 3/08/12 (UK)  Schroders, Chairman  Michael Miles  depart as fees, inflows drop. UK's biggest fund management firm.
  352. 3/08/12 (USA NY) Schroders, CIO Alan Brown is steps down
  353. 3/08/12 (USA IL) CBOE Executive Patrick Fay Put on Leave Amid SEC Probe
  354. 3/08/12 (USA NH & RI) Bristol County Savings Bank president E. Dennis Kelly retires after 35 years
  355. 3/08/12 (GERMANY) Clearstream Banking AG – Katja Rosenkranz To Leave Deutsche Börse Group [stockmarket]
  356. 3/08/12 (UK) B&CE CEO Brian Griffiths is to retire later this year
  357. 3/08/12 (UK) Invesco Trimark Ltd, portfolio manager Dana Love has resigned.
  358. 3/08/12 (ISRAEL) Bank of Israel Governor Stanley Fischer will hand in his shock resignation in the coming days and take up a new position as head of the Bank of Zambia. Finance Minister Yuval Steinitz is believed to be furious with Fischer's decision. Treasury officials said he even canceled his participation in the office's annual Purim party in order to convince Fischer to reverse his decision.
  359. 3/08/12 (SOUTH AFRICA) Standard Bank Group Limited (SBK), board member Sir Paul Judge retires.
  360. 3/08/12 (SOUTH AFRICA) Standard Bank Groupl Limited (SBK), board member Sir Sam Jonah retires.
  361. 3/09/12 (MONGOLIA) Mongol Bank President Alag 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.
  362. 3/09/12 (MONGOLIA) Asia Pacific Securities, General Manager Narantuguldur Saijrakh recently resigned, to focus on his role as Director of Khan Investment Management, investment advisor to the Khan Mongolia Equity Fund - the first open-ended investment vehicle with monthly dealing that invests in Mongolia related equities listed both domestically and internationally.
  363. 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.
  364. 3/09/12 (UK) Lazard , co-head of investment banking Alexis de Rosnay quits. De Rosnay specialises in the healthcare sector, he has advised Teva Pharmaceutical and Novartis.
  365. 3/09/12 (UK) Deutsche Bank PWM, UK head of portfolio management Martyn Surguy resigned.
  366. 3/09/12 (UK) Deutsche Bank PWM, head of discretionary management, Kypros Charalambous, having also stepped down.
  367. 3/09/12 (HONG KONG) Bank of America Merrill Lynch, K.J. Kim, responsible for Southeast Asia, resigned
  368. 3/09/12 (HONG KONG) Bank of America Merrill Lynch, Jimmy Choi, who was in charge of high-yield debt, resigned.
  369. 3/09/12 (HONG KONG) Bank of America Merrill Lynch, Leonard Ng, a vice-president in Hong Kong resigned.
  370. 3/09/12 (AUSTRALIA) Bank of Queensland CFO Ram Kangatharan plans to leave the bank.
  371. 3/09/12 (USA) Cerberus Capital Management LP, CEO Robert Nardelli resigns.
  372. 3/10/12 (AUSTRALIA) WESTPAC, Rob Chapman opted to quit running its regional subsidiary St George Bank.
  373. 3/10/12 (TURKEY) Garanti Bank, The deputy CEO of Turkish lender Tolga Egemen, has decided to quit.
  374. 3/10/12 (CHINA) Korea Development Bank, Shanghai unit senior manager Stella Wen resigned.
  375. 3/10/12 (HONG KONG) Deutsche Bank, Johan Sudiman resigns as director.
  376. 3/12/12 (USA) John Lewis Partnership Pension Trust, head of investments Andrew Chapman, resigns
  377. 3/12/12 (USA CA) California’s Department of Financial Institutions, commissioner William Haraf resigned. The DFI did not say why he is leaving.
  378. 3/12/12 (KUWAIT) Gulf Bank, Chairman Ali Rashaid Al Bader quits
  379. 3/12/12 (UK and IRELAND) Allfunds Bank, head of UK and Ireland Alan Gadd is stepping down from his role at the end of April.
  380. 3/12/12 (USA) ICAP, CEO of the electronic broking business David Rutter step down following a restructuring of the business.
  381. 3/12/12 (UK) SVG Capital, chairman Nicholas Ferguson resigns. His departure left him well placed to succeed James Murdoch as chairman of BSkyB should the latter bow to investor pressure and step down. Other investors in the satellite broadcaster suggested Ferguson might be seen as too close to Murdoch to win the support of institutional shareholders.
  382. 3/12/12 (UK) Park Hill Group - Blackstone Group’s fundraising advisory arm, Managing Partner of private equity and hedge fund distribution Chris Leach resigns
  383. 3/12/12 (UK) Park Hill Group - Blackstone Group’s fundraising advisory arm, Managing Partner Justin Bower resigns
  384. 3/12/12 (UK)  The chief executive David Rutter of the electronic broking business at interdealer broker Icap stepping down.
  385. 3/12/12 (SOUTH AFRICA) The Development Bank of Southern Africa (DBSA), CEO Paul Baloyi resigns.
  386. 3/12/12 (USA) Lehman Brothers Holdings Inc, CEO Bryan Marsal Resigns Title, Remains on as Adviser
  387. 3/12/12 (USA IL) CME Group Inc, CEO Craig Donohues will step down at year end.
  388. 3/13/12 (USA) Eaton Vance Corp, Treasurer and CFO Robert J. Whelan has stepped down.
  389. 3/12/12 (USA IL) CBOE Holdings Inc. (CBOE), senior compliance executive Patrick Fay has resigned. The options exchange being investigated by the Securities and Exchange Commission, Fay had been placed on leave after the SEC began investigating the options-market operator’s oversight of traders.
  390. 3/13/12 (USA) Mithras Investment Trust, chairman Mike Wooderson will step down
  391. 3/13/12 (USA) PHH Mortgage, President Luke Hayden resigned from to pursue what the company calls "other interests."
  392. 3/13/12 (USA) PHH Mortgage, Treasurer Mark Johnson.resigned
  393. 3/13/12 (AUSTRALIA) WESTPAC, head of corporate affairs after David Bell decided to step down from the role. Bell is the latest top executive to leave the bank.
  394. 3/13/12 (UK) Capula’s Systemic Trading Head Qiang Dai to Leave Fund
  395. 3/13/12 (UAE) National Bank of Abu Dhabi, CEO Michael Tomalin, will retire from the post in a few months.
  396. 3/13/12 (ISRAEL) Osem Investments Ltd, CEO Gazi Kaplan has tendered his resignation, effective April 2, citing heath reasons. Nestlé SA owns 58.8% of Osem.
  397. 3/13/12 (USA) Paulson & Co.'s, partner and head of the global bank team Robert Lacoursiere has quit to form his own hedge fund
  398. 3/13/12 (AUSTRALIA) ASX Ltd, Chairman David Gonski will step down from his role at Australia’s main stock market operator after being appointed to oversee almost A$90 billion ($95 billion) in the nation’s sovereign-wealth funds.
  399. 3/13/12 (UK) JP Morgan, Asset Management European chief Jamie Broderick is to step down more than 20 years at the firm.
  400. 3/13/12 (UK) SVG Chairman Nicholas Ferguson retires.
  401. 3/13/12 (UK) SVG Director Edgar Koning retires.
  402. 3/13/12 (UK) SVG Director Denis Raeburn retires.
  403. 3/13/12 (UK) SVG Director Francis Finlay retires.
  404. 3/14/12 (UK) Goldmand Sachs, executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa, Greg Smith, is resigning today.
  405. 3/14/12 (SOUTH AFRICA) ABSA chairman Garth Griffin to retire
  406. 3/14/12 (UK)  WorldSpreads, CEO Conor Foley  resigns
  407. 3/15/12 (US WA) HomeStreet Bank, EVP and CFO  David Hooston  resigns
  408. 3/15/12 (DENMARK)  Sparekassen Faaborg board member  Steen Grønved Nielsen  resigns
  409. 3/15/12 (UK)  RBC Capital Markets head of SSA syndicate desk Noel Williams  resigns
  410. 3/15/12 (UK)  Novia London sales manager Dave Chassell  quits
  411. 3/15/12 (US CA)  Prosper Finance (online venture captial services) CEO  Chris Larsen  steps down
  412. 3/15/12 (UK)  The Royal British Legion’s (fund) director of corp. communications  Stuart Gendall  resigns
  413. 3/15/12 (IRELAND)  President of Sinn Fein USA (fund)  Larry Downes  steps down
  414. 3/16/12 (AUSTRALIA)  Investorfirst CFO and company secretary  Ariel Sivikofsky resigns
  415. 3/16/12 (MALAYSIA)  Amanah Raya Bhd (trust) managing director  Datuk Ahmad Rodzi Pawanteh  steps down
  416. 3/16/12 (UK) Towry (investment & fin. advice)  Non-exec chairman Glyn Jones steps down
  417. 3/16/12 (GERMANY)  Deutsche Bank Chief risk officer (CRO)of  Hugo Bänziger  steps down
  418. 3/16/12 (US IL)  Henderson Global Investors Inc. head of the International Opportunities Fund  Iain Clark  steps down
  419. 3/16/12 (US CA)  Executive VP and Chief Compliance Officer of Heritage Bank of Commerce  Margaret Incandela  resigns
  420. 3/16/12 (US VA)  Genworth Financial board member  J. Robert Kerrey  resigns to campaign for senate seat
  421. 3/16/12 (UK)  CEO of the FSA (Financial Services Authority)  Hector Sants  to leave>
  422. 3/19/12 (US IA)  ISU Foundation (fund), President and CEO of the  Dan Saftig  to step down
  423. 3/19/12 (BRAZIL)  HSBC Brazil CEO Conrado Engel  steps down
  424. 3/19/12 (UAE)  Finance head at SNR Denton Islamic  Sheikh Muddassir Siddiqui  resignsto pursue advisory role
  425. 3/19/12 (SWITZERLAND)  Julius Baer bank’s chairman  Raymond Baer  steps down in a “surprise departure”
  426. 3/19/12 (GERMANY) Deutsche Bank, asset management chief  Kevin Parker  to leave executive committee
  427. 3/19/12 (GERMANY) Deutsche Bank, head of private wealth management Pierre de Weck resigns from executive committee
  428. 3/19/12 (HONG KONG)  China Development Bank HK branch CEO  Di Weiping  retires
  429. 3/19/12 (US ID)  SunTrust Bank president and CEO  Thomas Rueger  to retire
  430. 3/19/12 (SWEDEN)  AP6 (private equity) CEO  Marianne Dicander Alexandersson steps down
  431. 3/19/12 (SWITZERLAND)  FINMA (Swiss Financial Market Supervisory Authority)  Vice-chair Monica Mächler  to step down
  432. 3/20/12 (KUWAIT)  National Investments Co. chairman  Yousef Al Majid  resigns
  433. 3/20/12 (UK)  Bank of America, Co-head of distressed debt at  Michael Guy  resigns
  434. 3/20/12 (US PA)  Penseco Financial Services Corp, Former state senator Robert J. Mellow resigns from board
  435. 3/20/12 (US TX)  Acquisition chief Dan Magder  quits Lone Star Investments
  436. 3/20/12 (NIGERIA)  Chairman of House Committee on Capital Markets  Hon. Herman Hembe  resigns due to allegations of bribery
  437. 3/20/12 (Hong Kong)  Head of Deutsche Bank Asia-Pac  Loh Boon Chye quits
  438. 3/20/12 (US NY)  Deutsche Bank, head of asset management  Kevin Parker  steps down from executive committee
  439. 3/20/12 (GERMANY) Deutsche Bank, Chairman and CEO  Josef Ackermann exits with pension of €18.7 million
  440. 3/20/12 (UK) Coller Capital, CEO Charles Hippsley has left to help lead a Christian organisation in London.
  441. 3/21/12 (GERMANY)  Deutsche Bank AG, Co-head Wolfgang Hammes  leaves
  442. 3/21/12 (UK)  Aviva Investor’s European equity head  John Botham  exits
  443. 3/21/12 (CANADA)  National Bank’s Ontaria, Atlantic region manager  Mike Miller leaves
  444. 3/21/12 (UK)  Royal Bank of Scotland Group’s global head of equity prime services  Gregory Wagner  resigns
  445. 3/21/12 (US DC)  Liquidity Services Inc, Chief information officer Eric Dean  resigns
  446. 3/22/12 (UK)  Global equity head Neil Rogan  resigns from Henderson Global Investors
  447. 3/22/12 (NETHERLANDS) CIO at Nedlloyd Pension Fund  Bert Tibben  step down
  448. 3/22/12 (UK) Bank of America Corp, chairman of global banking and markets, Andrea Orcel steps down, goes to UBS
  449. 3/22/12 (UK) Bank of America Corp, Jonathan Moulds steps down, helped build the bank’s over-the-counter derivatives trading business and held positions including global head of rate derivatives trading, head of global derivatives and head of global rates and commodities.
  450. 3/25/12 (EGYPT) National Bank of Egypt, CEO Tarek Amer said that he will step down from his position at the end of 2012.
Tue, 04/10/2012 - 09:32 | 2330858 GeneMarchbanks
GeneMarchbanks's picture


Thanks... I guess...

Tue, 04/10/2012 - 09:40 | 2330877 Race Car Driver
Race Car Driver's picture

WTF? Perhaps a link would have been sufficient?

Tue, 04/10/2012 - 09:48 | 2330907 Freeman-S-Stratos
Freeman-S-Stratos's picture

Agreed. But there are a lot of closed minds on here still and I know if I had just put a link a lot would have taken 1 look at the website and not bothered.


In yo' face! :)


Watch this:



Tue, 04/10/2012 - 10:00 | 2330946 CrashisOptimistic
CrashisOptimistic's picture

Ya, like anyone read more than 3 words of your disruptive post.  

You really solved that link problem.  

Tue, 04/10/2012 - 10:00 | 2330949 Acet
Acet's picture

So this way I can just scroll down your post without reading it, get pissed-off, scroll up and give you a downarrow and then scroll down again to read the other posts, done by people whose notion of making an argument is not a lazy info-dump and whose posts have a far better Sound to Noise ratio, even the likes of MDB?

Maybe you could've made a post with a well-though, cogent argument ending with a link to a site with that data, or is that too hard?


Tue, 04/10/2012 - 10:13 | 2331001 francis_sawyer
francis_sawyer's picture

At least you got your exercise in for the day... From here on out, you can kick back and drink beer...

Tue, 04/10/2012 - 10:15 | 2331008 pods
pods's picture

You did that too?


Tue, 04/10/2012 - 10:22 | 2331045 Freeman-S-Stratos
Freeman-S-Stratos's picture

Didn't need to make any argument. These facts speak for themselves. Plus I have work to do.


Tue, 04/10/2012 - 12:21 | 2331486 Aquiloaster
Aquiloaster's picture

Then why the fuck will no body in the universe publish raw data without interpretation/discussion. You just think your interpretation is soooo obvious that you don't need to explain yourself. I actually spent too much time looking at your e-book and still don't know exactly what you were trying to get across other than bankers suck. Its a good theory- I am on board, but you still need to explain.

Tue, 04/10/2012 - 10:20 | 2331033 Iwanttoknow
Iwanttoknow's picture

Great job.Something is happening,unless they are heading for DUMB.

Tue, 04/10/2012 - 10:22 | 2331052 Freeman-S-Stratos
Freeman-S-Stratos's picture

DUMBs have been nuked apparently.


No way out!


The noose is tightening.

Tue, 04/10/2012 - 13:00 | 2331662 Race Car Driver
Race Car Driver's picture



I junked ya for linking G**gle.

What a douchebag.

Tue, 04/10/2012 - 10:23 | 2331034 i-dog
i-dog's picture

It's a total beat-up by Fulford and Wilcock (both 'controlled opposition' tools, BTW) of normal staff turnover in the banking industry across the whole planet.

I've been tracking all those "arrests" and "resignations" and, so far, only 9 of them have come from the 2,500 Bilderbergers -- and each of those explainable by old-age retirements, except for Corzine and Blankfein.

Indeed, I strongly suspect they're priming the sheeple for a mass disappearance of the 0.01% to the underground bunkers later this year.

Tue, 04/10/2012 - 10:26 | 2331069 Freeman-S-Stratos
Freeman-S-Stratos's picture

Also, not normal staff turnover:


Resignations are going parabolic.


04/09/2012 (USA) Johnson & Johnson Vice Chairman Sheri S. Mcoy steps down news- releases/ johnson--johnson-announces-resignation-of-sheri-s-mccoy-146638275.html
04/09/2012 (S. Korea) Police chief Cho Hyun-oh resigns after investigation
04/09/2012 (Mali) President Amadou Touman Toure resigns after coup
04/08/2012 (India) AICC president Sonia Gandhi

Tue, 04/10/2012 - 10:41 | 2331131 monkeys.pick.bottoms
monkeys.pick.bottoms's picture

I very much appreciate what you are doing.

Tue, 04/10/2012 - 10:49 | 2331153 i-dog
i-dog's picture

Not normal turnover? Think again:

Sheri Mccoy has taken the position of CEO of Avon (

Toure was ousted by a coup ... quite some "resignation"!

Sonia Gandhi is 66 years old!

Wake up! You're being manipulated like a performing seal. Arfff arfff.

Tue, 04/10/2012 - 10:52 | 2331172 Freeman-S-Stratos
Freeman-S-Stratos's picture

How old is Kissinger?

Tue, 04/10/2012 - 11:02 | 2331203 i-dog
i-dog's picture

Is that relevant? Kissinger has no official post ... he's a behind-the-scenes manipulator.

BTW, Sonia Gandhi isn't going anywhere ... she accepted the resignation of an "ailing" colleague:

"Sonia Gandhi has accepted the resignation of ailing Meghalaya Pradesh Congress Committee (MPCC) president" (

Anyway, I thought you had "work to do"? ... Give up spreading sensationalist disinformation!

Tue, 04/10/2012 - 11:04 | 2331214 Freeman-S-Stratos
Freeman-S-Stratos's picture

I do what ever I want when ever I want as civily as possible.  No arguments. But yes, you are right. I DO have work to do. let's go.

Tue, 04/10/2012 - 14:04 | 2331920 smiler03
smiler03's picture

Statesman Eric Cartman on "I do whatever I want" 15 second clip

Tue, 04/10/2012 - 09:47 | 2330900 johnnymustardseed
johnnymustardseed's picture

Bankers are shit moths...

Tue, 04/10/2012 - 10:10 | 2330986 Clamdigger
Clamdigger's picture

Way TL; really DR.

Tue, 04/10/2012 - 11:00 | 2331201 Bartanist
Bartanist's picture

Let's call it a "start". When the European technocrats PLUS Corzine, Dimon, Bernanke and Blankfein are wearing orange pajamas then we can call it a "good start".

Tue, 04/10/2012 - 11:34 | 2331313 stickyfingers
stickyfingers's picture


Tue, 04/10/2012 - 11:58 | 2331394 Diet Coke and F...
Diet Coke and Floozies's picture

That is GREAT news! JOB OPENINGS for future bankers like me!

Tue, 04/10/2012 - 09:47 | 2330902 CrashisOptimistic
CrashisOptimistic's picture

"Which however begs the question: just how much more Iranian crude are China and India importing despite promises to the contrary, and open warnings from the US not to do so?"



Someone is delusional.

It's probably NOT the ones who have civilization's lifeblood.

Tue, 04/10/2012 - 09:17 | 2330816 Jason T
Jason T's picture

Let me see if I understand this correctly... A tidal wave knocked into nuclear facilities in Japan causing a nuclear meltdown and sending radiation god only knows where .. Isreal wants to BOMB nuclear facilities in Iran... I presume that would cause nuclear meltdowns and radiation would spill all over the Iranian people and perhaps even the Isreali people?  Am I not understanding this insane logic?

Tue, 04/10/2012 - 09:30 | 2330852 francis_sawyer
francis_sawyer's picture

Correct (you are not understanding this insane logic because it doesn't exist)...

Israel has been talking for over a decade about bombing Iran reactors... None of this has anything to do with reactors, it has everything to do with, once again, trying to get the US to fight its battles, bankrupt the economy, enrich the bankers (&, if lucky, topple the regime in Iran to get a Rothschild central bank in there)...

Tue, 04/10/2012 - 10:00 | 2330933 nonclaim
nonclaim's picture

"Bombing the reactor" was a viable and efficient alternative *before* it was loaded with fuel. Browse the news from a while ago, around 2 years ago should be ok. Now it is just rhetoric used by all sides meaning different things... In reality now it would mean destroying the supporting facilities in a way that the reactor has to be stopped to avoid a meltdown "a few days later". If you buy my view, don't forget the grain of salt.

Tue, 04/10/2012 - 10:05 | 2330955 BlueCollaredOne
BlueCollaredOne's picture

Heres what I don't get.  Why is Israel so afraid of a nuclear attack from Iran when the fallout would be picked up by the winds which move west to east only to dump all the radiation over Iran?

That would be policital/literal suicide for the mullahs and most of Iran, and once again absolutely contains no logic.  There would be no way to stave off a retaliatory attack from NATO when Iran's entire army is stricken with radiation poison.


Middle East wind model

Tue, 04/10/2012 - 10:26 | 2331068 Max Hunter
Max Hunter's picture

Please stop trying to insert logic into the mainstream argument that we should be bombing and killing brown people by the millions..

Tue, 04/10/2012 - 10:27 | 2331081 john39
john39's picture

because its all bullshit.  Iran is a different type of threat to Isreal, it threatens Israels legitimacy by exposing the truth about racist zionism.  there is no nuclear threat, it is something far more powerful, an idea... the truth.

Tue, 04/10/2012 - 11:11 | 2331224 BlueCollaredOne
BlueCollaredOne's picture

I should have made myself clear in my post that I am awake to the fact that Israel really doesnt view Iran's nukes as a threat and believe that all of the Iran nuke hype is just Israel scratching the back of the Military Industrial Complex. They are scheduled to recieve 30$ billion in military aid from 2008-2019 so starting a war would simply be a "thank you." It would also be a way to insert the muhjahideen (sp?) which of course would bow down to the central bankers, same as was done to Libya.

However that view can be labeled as "tin foil" by people who don't know how to critically think or form patterns therefore I wanted to just point out a obvious fact that it makes no sense for Iran to nuke israel given the fallout risk.  




Tue, 04/10/2012 - 11:18 | 2331253 Element
Element's picture

The same silly logic could be applied to the USSA nukiing USSR, and having the fallout blow back over the USSA anyway.

You don't know what you're talking about.

Tue, 04/10/2012 - 11:14 | 2331241 Element
Element's picture

Complete nonsense.

Any nukes they develop will be low yeilds, 5 to 10, or maybe 15 kt, tops.

The mushroom cloud and fallout plume from that size A-bomb does NOT go very high and the vast bulk tends to fallout within 50 miles of the detonation point, in a long fairly narrow ribbon like deposit.

Most of it falls within 25 miles, and the really dangerous stuff within 10 to 15 miles. 

This is not guess work, there were hundreds of tests, globally, to determine the patterns of fallout from various types and yeilds or weapons and their delivery and airburst details.

And have you never heard of a fallout shelter? 

Do you really think the Iranians would be so stupid as to not take basic and simple measures to limit their exposure anyway?

Tue, 04/10/2012 - 11:23 | 2331270 BlueCollaredOne
BlueCollaredOne's picture

You're right

Thanks for the info, as I am here to learn.


Tue, 04/10/2012 - 12:20 | 2331485 DosZap
DosZap's picture

Newsflash, Dirty bombs are passe', plus I see no way nukes will be used, no need the Bunker Busters will make short work of the underground facilities.

Tue, 04/10/2012 - 09:42 | 2330885 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Is this bullish?

Tue, 04/10/2012 - 09:03 | 2330771 Gully Foyle
Gully Foyle's picture

By the way

Home again in Mexico: Illegal immigration hits net zero

Tiny Tamaula is the new face of rural Mexico: Villagers are home again as the illegal immigration boom drops to net zero


One million Mexicans said they returned from the US between 2005 and 2010, according to a new dem-ographic study of Mexican census data. That's three times the number who said they'd returned in the previous five-year period.

And they aren't just home for a visit: One prominent sociologist in the US has counted "net zero" migration for the first time since the 1960s.

Experts say the implications for both nations are enormous – from the draining of a labor pool in the US to the need for a radical shift in policies in Mexico, which has long depended on the billions of dollars in migrant remittances as a social welfare cornerstone.

"The massive return of migrants will have implications at the micro and macro economic levels and will have consequences for the social fabric ... especially for the structure of the Mexican family," says Rodolfo Casillas, a migration expert at the Latin American School of Social Sciences in Mexico City.

Tue, 04/10/2012 - 09:08 | 2330785 Fantasy Planet
Fantasy Planet's picture

That's true.  The prices for new Mexicans here in NJ has skyrocketed.  I'm going to keep the one I have for now. 

Tue, 04/10/2012 - 09:12 | 2330794 Gully Foyle
Gully Foyle's picture

Fantasy Planet

A Day Without a Mexican

One day California wakes up and not a single Latino is left in the state. They have all inexplicably dissappeared, chaos, tragedy, and comedy quickly ensue.

Disclaimer: "No Mexicans were harmed in the making of this film"

Tue, 04/10/2012 - 09:26 | 2330836 Mercury
Mercury's picture

That would be a real knee-slapper if not for the fact that the space between Jobs Americans Won't Do and Jobs Americans Can't Do is getting smaller and smaller.

Tue, 04/10/2012 - 09:32 | 2330855 Gully Foyle
Gully Foyle's picture


I wonder how many Mexican jobs Mike Rowe has done on all the seasons of Dirty Jobs?

Tue, 04/10/2012 - 12:23 | 2331495 blunderdog
blunderdog's picture

I have no teevee so haven't seen many, but I did see him shovel shit in a stable (which I'd assume qualifies as a Mexican job) and shovel offal in a slaughterhouse (which I know for certain qualifies as a Mexican job).

So at least 2.

Tue, 04/10/2012 - 09:38 | 2330874 Raymond Reason
Raymond Reason's picture

There are now "handicapped seats" at American airport gates.  I kid you not.  They are painted blue with the logo.  America has become a giant nursing home.

Tue, 04/10/2012 - 10:30 | 2331091 AmericanFUPAcabra
AmericanFUPAcabra's picture

Does the seat have an under layer on which to rest their FUPA? Where i am from the people with handicapped parking tags are generally just obese and moving long distances is more of an inconvenience than a health issue

Tue, 04/10/2012 - 09:27 | 2330835 Arnold Ziffel
Arnold Ziffel's picture

People may not like the idea of paying $50 and hour to union workers instead of $8 for'll take some getting used to...adjustment....change is difficult sometimes........

Tue, 04/10/2012 - 12:15 | 2331469 DosZap
DosZap's picture

People may not like the idea of paying $50 and hour to union workers instead of $8 for'll take some getting used to...adjustment....change is difficult sometimes........


Somehow I do not beleieve the 89 million Americans out of the workforce are ALL Union members, in fact, just the opposite.

Tue, 04/10/2012 - 09:03 | 2330772 tocointhephrase
tocointhephrase's picture


Tue, 04/10/2012 - 09:05 | 2330780 johnnymustardseed
johnnymustardseed's picture

War, what is it good for????

Tue, 04/10/2012 - 09:11 | 2330792 JustObserving
JustObserving's picture

Nobel prizes for US Presidents?

Tue, 04/10/2012 - 09:10 | 2330787 cherry picker
cherry picker's picture

One thing about the Iranians, they are not going out in full force threatening other countries or ordering them what to do.

They are the "underdog" in this war of words, oil and military prowess and they are doing to others what is being done to them.  I don't see Iran as a country of people wishing to commit mass suicide.

Obama, I will not see my children or grandchildren go to this upcoming "war" because you and your useless State Department can't come to terms with these people.  Using blockades and sanctions didn't change Cuba's political destiny did it?  All it accomplishes are hungry people and more anger.

There ought to be a better way but this Nobel Peace Prize winner hasn't got a clue.

Tue, 04/10/2012 - 09:20 | 2330821 AnAnonymous
AnAnonymous's picture

US citizenism has its own ways und Obama as your typical US citizen president knows them.

Tue, 04/10/2012 - 09:23 | 2330826 SheepDog-One
SheepDog-One's picture

Obama, you mean the purple lipped guy from Kenya?

Tue, 04/10/2012 - 10:54 | 2330911 Dr. Engali
Dr. Engali's picture

They won't be happy until Iran hase a compliant central bank, and they forget about this silly talk about gold.

Tue, 04/10/2012 - 09:11 | 2330790 Watson
Watson's picture

Cutting to Greece and Spain might just be because Iran would quite like to get paid for its oil.

A cut to Germany would require a different explanation.


Tue, 04/10/2012 - 09:14 | 2330800 johnnymustardseed
johnnymustardseed's picture

Just thinking that they might have stopped shipping oil to Spain because.........wait for it.......wait for it......yup Spain is broke!!

Tue, 04/10/2012 - 09:27 | 2330839 pilager
pilager's picture

Yep broke... iou not cutting it anymore. Maybe a few more wind mill's. Think we are going to see a giant gladiators ring of fire in the coming months (Greece - Spain, italy's boot to Lapland.)

Tue, 04/10/2012 - 09:27 | 2330843 brooklynlou
brooklynlou's picture

Thinking the same thing.  Hard to sell something to a deadbeat ...

Tue, 04/10/2012 - 09:56 | 2330932 scatterbrains
scatterbrains's picture

I'm assuming this news is not rated for the general tv viewership allthough I'm just guessing because I don't watch any.  Has this news made it to CNN/CNBC do you know ?


Tue, 04/10/2012 - 13:01 | 2331664 Max Hunter
Max Hunter's picture

Hard to sell something to a deadbeat ...

Hmmm.. lots of goods being sold to the U.S. and UK..

Tue, 04/10/2012 - 09:17 | 2330803 Spartan
Spartan's picture

Nice sign of compromise ahead of the talks.

Tue, 04/10/2012 - 09:19 | 2330807 Mercury
Mercury's picture

Which however begs the question: just how much more Iranian crude are China and India importing despite promises to the contrary, and open warnings from the US not to do so?

Ah...exactly the same amount that is being denied to Greece, Spain etc?

Just guessing.

Tue, 04/10/2012 - 09:17 | 2330809 ZeroPoint
ZeroPoint's picture

I thought Europe already made a resolution to not buy oil from Iran. How is this an escalation?

Tue, 04/10/2012 - 09:20 | 2330822 SheepDog-One
SheepDog-One's picture

Sure but Europe/Nato didnt think they'd call their bluff, they thought Iran would drop to its knees and beg and plead, instead of throwing a trump card.

Tue, 04/10/2012 - 09:26 | 2330841 GMadScientist
GMadScientist's picture

Unlike pathetic empty threats, this action will actually keep oil from going to Spain.

Tue, 04/10/2012 - 09:18 | 2330813 Dr. Engali
Dr. Engali's picture

Why in he world would Iran want to trade oil for worthless promisorry notes anyway?

Tue, 04/10/2012 - 09:18 | 2330817 SheepDog-One
SheepDog-One's picture

Iran calling their bluff. Good for them!

Tue, 04/10/2012 - 09:18 | 2330818 Anticimex
Anticimex's picture

Quite provocative headline there Tyler; another one could equally well be "Iran voluntarily implements sanctions selectively".

Tue, 04/10/2012 - 09:24 | 2330830 vmromk
vmromk's picture

Bring it on baby, you think you scare a COCKSUCKER with a printing press ?

Tue, 04/10/2012 - 09:25 | 2330831 GMadScientist
GMadScientist's picture

"how much more Iranian crude are China and India importing despite promises to the contrary, and open warnings from the US not to do so?"

How many more treasuries and what kind of dollar reserves would they unload if the US doesn't STFU?

Does the US really think the world is going to finance a war on itself?

Tue, 04/10/2012 - 09:28 | 2330845 Mitzibitzi
Mitzibitzi's picture

Why not? It's the usual method of paying for a war, historically.

Tue, 04/10/2012 - 09:41 | 2330880 GMadScientist
GMadScientist's picture

Usually you get a 3rd party to finance a war on a 2nd, not the 2nd to fund their own destruction, for obvious reasons.

The US can continue hegemony only so long on someone else's dime.

Tue, 04/10/2012 - 09:45 | 2330894 Acet
Acet's picture

The US would hardly make any friends if they started a war with Iran causing oil priced to spike to $200. Sure, Russia and a couple of desert kingdoms would be happy, but the likes of China and India would not.

Given the US' precarious situation, pissing of major holders of US Treasuries is a great way to cause all that QE-generated Inflation to quickly make it's way into the US as foreign sovereigns reduce their positions. This would likelly cause the collapse of the US Economy which after decades of asset mispricing and capital misallocation doesn't have the robustness to survive a big enough inflation spike.

It's not by chance that many around here keep preaching the replacement of FRNs with physical PMs as store of wealth: the way US politics works at the moment, the country if going full steam towards the icebergs, maybe even starting to sink already.

As an European, I'm certainly not any less worried. The mental health cases that are our supposed leaders on this side of the pond are busy doing exactly the same thing, their lips firmly glued to Obama's ass, something very visible in the current situation with Iran.

Tue, 04/10/2012 - 09:31 | 2330838 Monedas
Monedas's picture

Iran vows to satisfy North Korea's insatiable appetite for freeze dried, corn kernel enriched, pig shit for it's school lunch program !  Crude oil exports will be quadrupled to 4 bbls per diem !   Monedas   2012    Stay with the happy people ?

Tue, 04/10/2012 - 09:36 | 2330867 jplotinus
jplotinus's picture

Monedas sez:

"North Korea's insatiable appetite freeze dried, corn kernel enhanced, pig shit for it's school lunch program"

Besides high fructose corn syrup, hgh, various antibiotics and chemicals whose names one can neither spell nor pronounce, what do you think is in food supplied to US schools?

Tue, 04/10/2012 - 09:43 | 2330890 Monedas
Monedas's picture

We won the Cold War with Junk Food and Corn Syrup !  If I could parachute into North Korea with a pallet of Cheetohs....I could be the new Dear Leader !   Monedas   2012    One man's junk food is another man's treasure !

Tue, 04/10/2012 - 10:20 | 2331036 TheFourthStooge-ing
TheFourthStooge-ing's picture


We won the Cold War with Junk Food and Corn Syrup !

Nobody won the cold war except defense contractors and lobbyists.

The USSR lost the cold war in 1989.

The USSA is losing the cold war now.


Tue, 04/10/2012 - 10:31 | 2331097 rwe2late
rwe2late's picture

We ???  Won ???

"We", I presume, being the .001% and their associated drug lords, sheikhdoms, and petty dictators

and an uncontrollable global military machine and police state

as being the prizes "won".

Tue, 04/10/2012 - 12:27 | 2331510 blunderdog
blunderdog's picture

The victory of capitalism over communism demonstrates its inherent superiority.


Tue, 04/10/2012 - 09:26 | 2330842 jplotinus
jplotinus's picture

This is bullish for Appl, right?

Tue, 04/10/2012 - 09:32 | 2330857 Mitzibitzi
Mitzibitzi's picture

Probably. Most of those quad-rotor nano-drones I've seen seem to be driven around using an iPad, or something very similar and painted olive drab.

Tue, 04/10/2012 - 09:29 | 2330847 ArrestBobRubin
ArrestBobRubin's picture

So wait...... your take is that IRAN is escalating here? Isn't your head way up your ass on this?

Isn't it really the case that a brave, plucky, go-it-alone Iran is simply bitch-slapping a broken-down (if mouthy) whore from the 'hood?  Isn't Iran simply reacting to this broken down Rothschild monkey-state for daring to get up in Iran's face, on orders from some money power piece of trash? A Spain who'll now be scrambling for their fuel suplies, at ever higher prices, all while their phony-baloney "economy" is in full meltdown? Way to go Spain! Way to act in your own interest!!!

Ya really shoulda just shut the fuck up Spain. Payback for devolving from a Nation-State to a sold-out, craven Rothschild Monkey-State is a real bitch. We already know. We're paying that price daily over here.

All hail the Money Power!


Tue, 04/10/2012 - 09:57 | 2330913 Not Too Important
Not Too Important's picture

A quick summary:

Greece and Spain cut off from oil. Germany and Italy next.

Half of the US East Coast oil refining capacity to be shut down. Always good for raising prices:

Japan using the cover of peaceful nuclear power to develop nuclear weapons, including one of the world's largest stockpiles of plutonium, with the assistance of the US, in clear violation of every nuclear non-proliferation treaty we've ever signed:

The same nuclear power that has now blanketed the earth and poisoned the oceans with extinction levels of lethal radiation, and more pumped daily.

Israel has "illegal" nukes. With the full assistance of the Western powers, in full violation of the same non-proliferation treaties.

And we're telling the Iranians that they can't develop "legal" nukes? That they can't sell "their" oil?

When was the last time Iran attacked anybody? Unlike some people we know, who are either under international indictment for war crimes or Nobel Peace Prize winners.

Am I missing something here?

Tue, 04/10/2012 - 13:10 | 2331711 chaartist
chaartist's picture

this is some serious shit. thnx

Tue, 04/10/2012 - 09:32 | 2330863 junkyardjack
junkyardjack's picture

What are they going to do with the other oil? It seems like they are just shooting themselves in the foot.  How much of the world's oil do they even supply? I would assume not much so they are just setting themselves up for a revolt when they don't have enough funds to keep their citizens in check.

Tue, 04/10/2012 - 09:41 | 2330875 SheepDog-One
SheepDog-One's picture

Iranian citizens probably arent like European-American citizens, sitting around getting paid off with fake money to keep them quiet about getting raped, letting a bunch of tyrant pirates bitch slap them down, the Iranian Persians probably want a fight with the bankrupt cowards.

Tue, 04/10/2012 - 09:43 | 2330892 ArrestBobRubin
ArrestBobRubin's picture

Friend, when your clients are the biggest of the BRICS, you don't ever bother to sweat losing a bunch of broke Rothschildian PIIGS as customers.

Iran has just gone way upscale is all. If that's shooting themselves in the foot, so be it I guess.


Tue, 04/10/2012 - 11:29 | 2331295 DaveyJones
DaveyJones's picture

well said

Tue, 04/10/2012 - 09:45 | 2330896 GMadScientist
GMadScientist's picture

I'm pretty sure China will buy every drop, even if its only to put in storage tanks.

How much do they supply....The world? Not much. Europe? A significant portion.

As for "keeping citizens in check", you're probably thinking of the great US "ally" Saudi Arabia.

Tue, 04/10/2012 - 10:07 | 2330974 CrashisOptimistic
CrashisOptimistic's picture

So if sanctions reduce Iranian oil exports by, say, 20%, and the price of oil goes up 20%, how is Iran hurt?

Tue, 04/10/2012 - 09:47 | 2330868 Monedas
Monedas's picture

Taiwanese stainless steel tweezers gain favor in North Korea over traditional chopsticks !  UNESCO nutritional experts are baffled !  Monedas  2012  Comedy Jihad World Cuisine Tour

Tue, 04/10/2012 - 09:58 | 2330941 Nukular Freedum
Nukular Freedum's picture

What a weak routine you must have!

Tue, 04/10/2012 - 10:23 | 2331053 TheFourthStooge-ing
TheFourthStooge-ing's picture

He calls it comedy jihad because he struggles to be humorous.


Tue, 04/10/2012 - 11:46 | 2331351 Acet
Acet's picture

Certainly his latest attemp looked a lot more like an attempt at verbal suicide bombing than comedy ...

Tue, 04/10/2012 - 09:39 | 2330878 SheepDog-One
SheepDog-One's picture

Headline could instead read- 'Iran complies with NATO oil embargo'.

Stop cryin, bankers!

Tue, 04/10/2012 - 11:49 | 2331359 Acet
Acet's picture

'Iran complies with NATO oil embargo'

The irony! It's just too much ...

Tue, 04/10/2012 - 09:43 | 2330886 azzhatter
azzhatter's picture

more discount oil for china and india

Tue, 04/10/2012 - 10:10 | 2330987 CrashisOptimistic
CrashisOptimistic's picture

Sure.  India and China get a 10% discount on an oil price that increased 30% (from Brent $95 to $123).

Iran is coming out ahead.

Tue, 04/10/2012 - 09:44 | 2330888 Atomizer
Tue, 04/10/2012 - 09:45 | 2330898 ArrestBobRubin
ArrestBobRubin's picture

"Security Council" God that's funny.

Tue, 04/10/2012 - 11:46 | 2331353 Atomizer
Atomizer's picture

A manufactured cause and effect crisis is hilarious..

On 23 January, the 27 states of the EU decided to impose further sanctions on Iran, including a full ban on Iranian oil exports. (Under the agreement, EU members will not sign new oil contracts with Iran and will end existing contracts by 1 July.) On 19 February, Iran announced that it would stop exporting oil to the UK and France, saying it would sell the oil to “new customers.” Prior to these developments, the EU bought approximately 20 percent of Iran’s oil. 

Tue, 04/10/2012 - 09:45 | 2330897 caconhma
caconhma's picture

Since 1948, over a period of 64 years (including the 2013 budget request), the U.S. has given Israel more than $115 billion in military and foreign aid, which averages out to about $4.9 million a day.



American and Israeli officials are currently negotiating a new aid deal that would provide more money for a new missile defense program, Iron Dome. Previous funding requests approved $205 million for the project, and Israel is trying to secure at least that much if not more for future years.


Although some Republicans have tried to portray President Barack Obama as soft on Israel, his budget for Fiscal Year 2013 includes $3.1 billion in military aid for Israel, the most in 13 years. AllGov




Israel receives an estimated $3 billion annually from the U.S. under a 10-year memorandum of understanding signed in 2007.



Under a new request Israel is seeking about $1 billion in aid from the U.S. to speed up the procurement of additional Iron Dome batteries as well as the development of David’s Sling, the system that Israel plans to use to defend against medium-range rockets.



In a March 27 statement, Israeli Defense Minister Ehud Barak praised the Pentagon's announced commitment for additional funding support for Iron Dome.



Israel’s defense officials say that Israel’s talks with the Obama administration regarding the new funding would likely be completed within the coming months.



The United States gives Israel access to intelligence that it denies its NATO allies and has turned a blind eye towards Israel's acquisition of nuclear weapons. The Guardian


There are no fucking money for Medicare or Social Security to name few. After all, who gives a shit about America and its people in the US government or Congress. No wonder, our presedential candidates go to Israel for an interview before applying for a job in America.

Tue, 04/10/2012 - 10:19 | 2331035 Savvy
Savvy's picture

“In a telling exchange during a debate in December, Mr. Romney criticized Mr. Gingrich for making a disparaging remark about Palestinians, declaring: “Before I made a statement of that nature, I’d get on the phone to my friend Bibi Netanyahu and say: ‘Would it help if I say this? What would you like me to do?’ “



Tue, 04/10/2012 - 13:58 | 2331901 caconhma
caconhma's picture

I would rather stay at home rather to vote for either POS (obama or Romney).

Tue, 04/10/2012 - 10:56 | 2331180 Bartanist
Bartanist's picture

JMHO, but Israel should be paying us and not the other way around.

Tue, 04/10/2012 - 09:59 | 2330943 lolmao500
lolmao500's picture

Small window of opportunity for a strike on Iran If recent reports of a Netanyahu promise to postpone an attack on Iran until the fall are true, a possible strike would correspond with the pivotal weeks just before the American presidential election.
Tue, 04/10/2012 - 10:10 | 2330985 Not Too Important
Not Too Important's picture

It isn't just a strike on Iran anymore. It's a strike on the BRICs.

A few carefully placed 'oilfield busters', and no one gets any ME oil.

If we can't have it, they can't have it. If they can't have it, we can't have it.

Strange how, after millions of years of evolution, or 2,000 years of creation, we can't get past the kindergarten behavior.

And millions, if not billions, of people will die because of it.


Tue, 04/10/2012 - 10:24 | 2331058 ArrestBobRubin
ArrestBobRubin's picture

Yeah but the West is much more oil dependent. And much softer in almost everyway. Spoiled. Jaded. Fat. Entitled. So we lose that one too mate.

And who is this "we" that you refer to??? Did you fuck it up? Well, neither did I. Or anyone else I know.

But you know some folks did, and have been making lots of money on it, right?

So it's "they", NOT "we"

This is a huge point as soon it will be THEY gasping for breath at the end of a long, lovely rope. Not WE.

Tue, 04/10/2012 - 11:52 | 2331368 Acet
Acet's picture

Actually, it makes a lot of strategic sense for Iran to react to any attack by the US by blowing up as much of the oil infrastructure of America's allies as it can. 

Tue, 04/10/2012 - 10:06 | 2330969 Jake88
Jake88's picture

Since when is voluntary compliance an escalation.

Tue, 04/10/2012 - 10:16 | 2331014 ArrestBobRubin
ArrestBobRubin's picture

Great stuff all!

Tyler: get a new take babe. When you're wrong, you're REALLY wrong...

Tue, 04/10/2012 - 12:13 | 2331455 Moe Howard
Moe Howard's picture

Tyler forgot the /sarc. Or he thought everyone would "get it". I guess everyone did not.

Tue, 04/10/2012 - 10:21 | 2331043 ItsDanger
ItsDanger's picture

Cut off Greece & Spain which are 2 countries struggling more than others although without much influence on Iran sanctions.  Iran tips their hand on their political philosophy, ie. weaken non-muslim nations, go for the weakest first.

Tue, 04/10/2012 - 10:26 | 2331066 ArrestBobRubin
ArrestBobRubin's picture

You maybe noticed they're great Chess Masters?

Tue, 04/10/2012 - 10:34 | 2331102 Elvis is Alive
Elvis is Alive's picture

"As for "keeping citizens in check", you're probably thinking of the great US "ally" Saudi Arabia."

Yeah, it's not like Saudi Arabia is going to have nukes. Oh wait:

Saudi Arabia has plans to build 16 nuclear reactors!!

I forgot were the 9-11 hijackers Iranians or Iraqis or Saudis? It seems to change whenever the military-industrial complex needs a new enemy.

Instead of attacking Iran over 9-11, why don't we just go to war with Albania in true wag the dog style? The weather in Albania is nicer, and I support our troops having nicer weather.

So for those of you keeping score at home, Israel and Pakistan have the bomb, and Saudi Arabia will have it too, but the world will end if Iran gets it. I hope you all know better than to ask why.


Tue, 04/10/2012 - 10:37 | 2331122 silverbullion
silverbullion's picture

I am looking forward to the day when all the shit will end.

Tue, 04/10/2012 - 12:54 | 2331622 ArrestBobRubin
ArrestBobRubin's picture

Me too.

So when do the Rothchilds hand Palestine back to its rightful owners?

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