155 Resignations from World Banks, Investment Houses, and Money Funds

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Here is an updated list of banking and related resignations from American Kabuki. Note the huge number of resignations on March 7. Hmm…what’s that about? Stay tuned!

Posted on March 8, 2012 by Pat Donworth http://activistawake.com/2012/03/08/155-resignations-from-world-banks-investment-houses-and-money-funds/

American Kabuki, March 7, 2012

Update: 155 Resignations from World Banks, Investment Houses, and Money Funds

  1. 9/01/11 (USA NY) Bank of New York Mellon Chief Robert P. Kelly Resigns in a Shake-UP http://goo.gl/NdW7q
  2. 09/20/11 (SCOTLAND) SCOTTISH WIDOWS (RETIREMENT INVESTMENT SAVINGS FUND) There could be no Scottish representative on the board of Lloyds Banking Group, owner of Bank of Scotland, in future after it announced the departure of Lord Sandy Leitch, the chairman of Scottish Widows and group deputy chairman. http://goo.gl/Dx8qs
  3. 9/25/11 (SWITZERLAND) UBS  CEO Oswald Gruebel quits over £1.5bn rogue trader crisis http://goo.gl/WCeqB
  4. 9/28/11 (SWITZERLAND) SNB Bank Council: Fritz Studer resigns as per end-April 2012 http://goo.gl/7dNiD
  5. 10/29/11 (CHINA) China Construction Bank Corp Chairman Guo Shuqing resigns http://goo.gl/fdd9v
  6. 10/29/11 (CHINA) Agricultural Bank of China Ltd Chairman Xiang Junbo resigns http://goo.gl/yWX9R
  7. 11/01/11 (INDIA) More directors of the Beed district bank resign http://goo.gl/HD8BQ
  8. 11/02/11 (UK) Lloyds Banking Group chief executive, António Horta-Osório, is to take leave of absence on health grounds for six to eight weeks, the BBC has reported. (STILL OUT AS OF 2/24/12 – DEFACTO RESIGNATION) http://goo.gl/3L9gE
  9. 11/4/11 (USA) MF Global, Jon Corzine, stepped down as chairman and CEO, hired criminal attorney to represent him. http://goo.gl/tUaVY
  10. 11/21/11 (JAPAN) UBS’s Japan Investment Banking Chairman Matsui to Resign http://goo.gl/OiDiq
  11. 11/29/11 (USA) R. David Land Submits Resignation from the Boards of Directors of Peoples Bancorp. and Seneca National Bank http://goo.gl/XncOc
  12. 12/15/11 (UK) Senior private banker James Fleming resigns from Coutts [private bank] http://goo.gl/ANN5B
  13. 12/23/11 (USA VA) Bank feud: Chairman Mark Giles quits VNB http://goo.gl/dFDpH
  14. 12/23/11 (USA VA) Bank feud: Board Member Claire Gargalli quits VNB http://goo.gl/kowkW
  15. 12/23/11 (USA VA) Bank feud: Board Member Leslie Disharoon quits VNB http://goo.gl/kstLp
  16. 12/23/11 (USA VA) Bank feud: Board Member Neal Kassell quits VNB http://goo.gl/NrrPZ
  17. 1/01/12 (NIGERIA) United Bank for Africa Plc Victor Osadolor resigns http://goo.gl/b6AoA
  18. 1/01/12 (ISRAEL) Israel’s Bank Leumi CEO Galia Maor steps down after 16 years http://goo.gl/xwlFt
  19. 1/03/12 (USA VA) Suffolk Bancorp president and CEO J. Gordon Huszagh steps down http://goo.gl/joExI
  20. 1/03/12 (UK) Arbuthnot Banking Group: Neil Kirton resigned from the Board http://goo.gl/SKE7j
  21. 1/03/12 (UK) Arbuthnot Banking Group: Atholl Turrell left the Board. http://goo.gl/bzZtQ
  22. 1/05/12 (UK) Saunderson House [Private Bank] CEO Nick Fletcher steps down http://goo.gl/zvo1L
  23. 1/09/12 (SWITZERLAND) SNB Chairman Philipp Hildebrand resigns http://goo.gl/5qsUu
  24. 1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading Edward K. Eisler retires http://goo.gl/i2TVk
  25. 1/12/12 (USA) Goldman Sachs, Co-Head Securities Trading David B. Heller retires http://goo.gl/i2TVk
  26. 1/19/12 (SPAIN) Spanish bank Santander’s Americas chief Francisco Luzon quits http://goo.gl/jEY7Y
  27. 1/30/12 (UK) Butterfield Private Bank head Danny Dixon Steps Down http://goo.gl/sdY1p
  28. 1/20/12 (JAPAN) Normura’s head of wholesale banking Jasjit Bhattai quits http://goo.gl/6FuWe
  29. 1/21/12 (Greece)  Institute of International Finance negotiator Charles Dallara quits http://goo.gl/NbPlt
  30. 1/21/12 (Greece)  Institute of International Finance negotiator Jean Lemierre quits http://goo.gl/E3AkE
  31. 1/29/12 (NEW ZEALAND) New Zealand Reserve Bank Gov Alan Bollard to Step Down http://goo.gl/BwUgv
  32. 1/30/12 (UK) British Private Equity and Venture Capital Association (BVCA) COO Andrew Graham steps down http://goo.gl/4SDW8
  33. 1/31/12 (SCOTLAND) Royal Bank of Scotland former CEOFred Goodwin Stripped of Knighthood http://goo.gl/CoLVS
  34. 2/01/12 (SOUTH AFRICA) ABSA [Barclay’s Bank] deputy CEO Louis von Zeuner resigns http://goo.gl/IP8nH
  35. 2/01/12 (UK) Lloyds Bankging Group head of wholesaleTruett Tate quits http://goo.gl/OqRVo
  36. 2/01/12 (UK) Llyods Banking Group Tim Tookey leaving end of February http://goo.gl/vjO5M
  37. 2/02/12 (VENEZUELA) Banking Crisis Arne Chacon arrested for Banking Corruption http://goo.gl/bb5sh
  38. 2/05/12 (USA – NY) Morgan’s investment banking chairman Joseph Perella quit http://goo.gl/pG2jF
  39. 2/05/12 (USA – NY) Morgan Stanley investment banking Tarek Abdel-Meguid quit http://goo.gl/bRv9K
  40. 2/06/12 (INDIA) Dhanlaxmi Bank CEO Amitabh Chaturvedi quits: http://goo.gl/OhCEb
  41. 2/7/12 (USA) Bank Of America’s Mortgage Business Chief Barbara Desoer Retires http://goo.gl/i7AUY
  42. 2/07/12 (INDIA) Kotak Mahindra Bank Falguni Nayar quits http://goo.gl/fP03J
  43. 2/07/12 (IRAN) Iran denies central bank resignation rumor (don’t believe until its denied?) http://goo.gl/PiQSy
  44. 2/09/12 (VATICAN) Four Priests Charged In Vatican Banking Scandal (names not known) http://goo.gl/tW8Sj
  45. 2/9/12 (UKRAINE) National Bank of Ukraine deputy governor Volodymyr Krotiuk quits http://goo.gl/8BuXy
  46. 2/10/12 (KOREA) Korea Exchange Bank chief Larry Klane steps down http://goo.gl/DBKdc
  47. 2/10/12 (INDIA) Tamilnad Mercantile Bank CEO A K Jagannathan resigns http://goo.gl/wMl5g
  48. 2/13/12 (KUWAIT) Kuwait Central Bank CEO Sheikh Salem Abdulaziz Al Sabbah resigns http://goo.gl/GFvIy
  49. 2/14/12 (NICARAQUA) Nicaraqua Central Bank President Antenor Rosales resigns http://goo.gl/iQ0n8
  50. 2/14/12 (UK) Social finance pioneer Malcolm Hayday quits Charity Bank http://goo.gl/uHp6C
  51. 2/14/12 (PAKISTAN) National Bank of Pakistan (NBP) chairman Syed Ali Raza resigned http://goo.gl/scexo
  52. 2/15/12 (WORLD) World Bank CEO Zoellick resigns http://goo.gl/dHDSm Did the White House tell the World Bank president that he’s out? http://goo.gl/wUOgb
  53. 2/15/12 (SLOVENIA) Nova Kreditna Banka Maribor CEO Andrej Plos resigns http://goo.gl/SNsVI
  54. 2/15/12 (SLOVENIA) Nova Ljubljanska Banka d.d. CEO Bozo Jasovic resigns http://goo.gl/TyYiJ
  55. 2/16/12 (UK) The Financial Services Authority Margaret Cole is to step down http://goo.gl/yT6rS
  56. 2/16/12 (GHANA) Databank Group Executive Chair Ken Ofori-Atta steps down http://goo.gl/c7PtU
  57. 2/16/12 (SAUDI ARABIA) Saudi Hollandi Banks Managing Director Geoffrey Calvert Quits http://goo.gl/CtmOU
  58. 2/16/12 (AUSTRALIA) ANZ Bank Australia CFO Peter Marriott resigns http://goo.gl/I7Alo
  59. 2/16/12 (UK) Royal Bank of Scotland Sr Equities Trader Jason Edinburgh Arrested http://goo.gl/WczHh
  60. 2/16/12 (UK) Royal Bank of Scotland director equities bus. Vincent Walsh director Arrested http://goo.gl/I7Alo
  61. 2/16/12 (UK) Marex Spectron senior trader Michael Elsom Arrested http://goo.gl/I7Alo
  62. 2/16/12 (AUSTRALIA) Royal Bank of Scotland Austrailan CEO Stephen Williams resigns http://goo.gl/4r16D
  63. 2/17/12 (USA) Goldman Sachs CEO Lloyd Blankfein out as by summer http://goo.gl/UjpzD
  64. 2/17/12 (SWITZERLAND) SNB Council President Hansueli Raggenbass resigns http://goo.gl/1n1Nr
  65. 2/18/12 (PAKISTAN) The Bank of Azad Jammu & Kashmir executive Zulfiqar Abbasi resignshttp://goo.gl/G0woP
  66. 2/20/12 (RUSSIA) Head of Russian Bank Regulator Gennady Melikyan Steps Down http://goo.gl/Unuez
  67. 2/20/12 (SWITZERLAND) Credit Suisse Chief Joseph Tan resigns http://goo.gl/F5twL
  68. 2/20/12 (ISRAEL) Bank Leumi le-Israel Ltd: Zvi Itskovitch resigns http://goo.gl/aA0RW
  69. 2/20/12 (USA WA) First Financial Northwest Director Spencer Schneider Quits http://goo.gl/6Dj0i
  70. 2/21/12 (ARGENTINA) Central Bank of Argentina (BCRA) Gen Mgr Benigno Velez, resigns http://goo.gl/DuMrm
  71. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Matlub resigns conflict of interest with director seat on unknown bank http://goo.gl/aEmwB
  72. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Selima Ahmad resigns conflict of interest with director seat on unknown bank http://goo.gl/aEmwB
  73. 2/21/12 (BANGLADESH) Nitol Insurance Co. Ltd director Abdul Musabbir Ahmad resigns conflict of interest with director seat on unknown bank http://goo.gl/aEmwB
  74. 2/21/12 (BANGLADESH) City General Insurance Co. Ltd director Geasuddin Ahmad resigns conflict of interest with director seat on unknown bank http://goo.gl/aEmwB
  75. 2/21/12 (BANGLADESH) Social Islami Bank Limited director Taslima Akter resigns conflict of interest with director seat on Eastland Insurance Company Limited http://goo.gl/aEmwB
  76. 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. http://goo.gl/Z1rnw
  77. 2/22/12 (HONG KONG) DZ BANK project finance head Tim Meaney quits http://goo.gl/ppKno
  78. 2/22/12 (USA) Goldman Sachs Hedge Fund Group Chief Howard Wietschner to Retire http://goo.gl/x4Zsr
  79. 2/23/12 (SOUTH AFRICA) Richard Gush resigns from Standard Bank http://goo.gl/DTL5S
  80. 2/23/12 (SCOTLAND) Royal Bank of Scotland Group director John McFarlane resigns. http://goo.gl/KoEUI
  81. 2/24/12 (INDIA) Breaking: ICICI Bank GC Pramod Rao resigns http://goo.gl/5eUqU
  82. 2/24/12 (HONG KONG) Citigroup Pvt Bank Global Real Estate Kwang Meng Quek Resigns http://goo.gl/JIC9A
  83. 2/24/12 (NEW ZEALAND) FSF Executive Director Kirk Hope resigns http://goo.gl/6UJau
  84. 2/24/12 (USA) Evercore Partners Head Eduardo Mestre steps down http://goo.gl/n5RLY
  85. 2/25/12 (AUSTRALIA AND NZ) Goldman Sachs Chairman Stephen Fitzgerald quits http://goo.gl/nMTLW
  86. 2/27/12 (GERMANY) Deutsche Bank Americas chief Seth Waugh steps down http://goo.gl/8lxSw
  87. 2/27/12 (BAHRAIN) Khaleeji Commercial Bank CEO Ebrahim Ebrahim quits http://goo.gl/yKjzL
  88. 2/27/12 (FRANCE) Societe Generale’s Investment Banking Chief Michel Péretié Steps Down http://goo.gl/IJ5Lw
  89. 2/27/12 (MALAYSIA) Elaf Bank CEO Dr El Jaroudi resigns http://goo.gl/eVCS5
  90. 2/27/12 (INDIA) Kotak Mahindra Bank Ms Falguni Nayar Quits http://goo.gl/pTbII
  91. 2/27/12 (GERMANY) Equiduct chairman Artur Fischersteps down http://goo.gl/Q0dWR
  92. 2/27/12 (BAHRAIN) – Mumtalakat Holding [Sovereign Wealth Fund] CEO Al Zain resigns http://goo.gl/hhHSm
  93. 2/27/12 (IRAN) Bank Melli CEO Mahmoud Reza Khaavari Resigns – Flees to Canada! http://goo.gl/DDEUk
  94. 2/27/12 (IRAN) Bank Saderat CEO Mohammad Jahromi resigns http://goo.gl/ZD0mc
  95. 2/27/12 (UK) Lloyds Banking Group Glen Moreno steps down http://goo.gl/dsXcE
  96. 2/28/12 (HONG KONG) Hang Seng Bank CEO Margaret Leung Ko May-yee quits http://goo.gl/Uo800
  97. 2/28/12 (CHINA) Bank of China International ECM global head Marshall Nicholson quits http://goo.gl/26MYq
  98. 2/28/12 (SINGAPORE) DBS security head Jim Pasqurell quits, cites health reasons http://goo.gl/NDJze
  99. 2/28/12 (HONG KONG) Bank of America’s Asia-Pac. mrkts Brian Canniffe quits http://goo.gl/cRkCP
  100. 2/28/12 (BELGIUM) KBC’s CEO Jan Vanhevel is to retire after a career spanning 41 years. http://goo.gl/1rCWd
  101. 2/28/12 (CANADA) Ontario Securities Commission chairwoman Peggy-Anne Brown quits http://goo.gl/HIYXv
  102. 2/28/12 (AUSTRALIA) Bank manager Colin John Carleton jailed nine years for $3m theft http://goo.gl/ggPvq
  103. 2/28/12 (SRI LANKA) Sri Lanka Com Bank CEO Amitha Gooneratne retires http://goo.gl/YxvNA
  104. 2/28/12 (SOUTH AFRICA) REDEFINE INCOME FUND director Gerald Leissner resigns http://goo.gl/F0UgN
  105. 2/28/12 (ITALY) UNICREDIT: Chairman Dieter Rampl not available for a new mandate http://goo.gl/7aLRU
  106. 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 http://goo.gl/LkJhV
  107. 2/28/12 (IRELAND) State Street Global Advisors Cash Funds plc Director Keith Walsh resigns http://goo.gl/n6uoM
  108. 2/29/12 (AUSTRALIA) Perpetual portfolio manager Matt Williams steps down http://goo.gl/Jh9jd
  109. 2/29/12 (UK) Honister Capital CEO Richard Pearson steps down http://goo.gl/014or
  110. 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 thatcontroversial figure could be subpoenaed to appear before the Parliamentary Economic Sector Committee. http:// goo.gl/L7I35
  111. 3/1/12 (MALAYSIA) RHB Bank Bhd deputy managing director Renzo Viegas quits http://goo.gl/wACrI
  112. 3/1/12 (ITALY) Italian Banking Association Chairman Giuseppe Mussari talks to reporters in Rome after he and seven other executives offered to resign in protest over new banking-fee rules included in the government’s legislation on boosting competition. http://goo.gl/3llyT
  113. 3/1/12 (USA FL) Florida Venture Forum [Venture Capital] Exec Dir Robin Lester quits http://goo.gl/nA8g9
  114. 3/1/12 (USA) PineBridge Investments said Win Neugerhas resigned as chief executive. Neuger helped build AIG’s third party asset management business, PineBridge still manages AIG assetshttp://goo.gl/SI7kT
  115. 3/1/12 (SINGAPORE) UBS Singapore – James Tulley is leaving Switzerland’s largest bank, it is not clear where he is going. http://goo.gl/BGugF
  116. 3/1/12 (USA NH) Piscataqua Savings Bank CEO Jay Gibson retires http://goo.gl/uEqDV
  117. 3/1/12 (ICELAND) Iceland’s Financial Supervisory Authority (FSA) fired its director Gunnar Andersen http://goo.gl/VG9q5
  118. 3/2/12 (CHINA) China Construction Bank Corp, the assistant general manager and head of corporate bankingMickey Mehta quits http://goo.gl/B9dR0
  119. 3/2/12 (USA) Deutsche Bank Student Loan CEOJohn Hupalo quits to start student loan counseling firm. http://goo.gl/8kZuc
  120. 3/2/12 (UK) Bank of England Sir Mervin King resigns in June, Lord Sassoon tipped as replacement. http://goo.gl/ZEUwf
  121. 3/2/12 (BOTSWANA) Barclays Bank Botswana managing director Wilfred Mpai forced to resign http://goo.gl/npBe2
  122. 3/2/12 (HONG KONG) New Century Group Hong Kong Ltd [investment house and leisure group] Wilson Ng resigns http://goo.gl/wFSV8
  123. 3/2/12 (USA) Citigroup Richard Parsons to step down as chairman http://goo.gl/BhZ0F
  124. 3/3/12 (AUSTRIA) Volksbank AG (VBAG) The contract of CEO Gerald Wenzel will not be extended http://goo.gl/w99tD
  125. 3/3/12 (ETHIOPIA) Dashen Bank’s board dismisses president Leulseged Teferi http://goo.gl/Y801M
  126. 3/3/12 (RUSSIA) Enza Capital KK, Wealthy British banker Philip Townsend (Baron Townsend of Rathmore) and his wife killed at Estonia holiday home ⑆44541444⑈ http://goo.gl/GSOUN and http://goo.gl/x94ID andhttp://goo.gl/gGgLP
  127. 3/4/12 (KOREA)  Hana Financial Group Inc, prominent figure in the history of South Korean finance Kim Seung-yu , resigns http://goo.gl/fmNxY
  128. 3/4/12 (USA) JP Morgan prop trading chief Mike Stewart quits http://goo.gl/gubPj
  129. 3/5/12 ( SAUDI ARABIA) Al Rajhi Bank CEO Abdullah bin Sulaiman Al Rajhi has resigned http://goo.gl/pNx0l
  130. 3/5/12 (UK) Jupiter fund co-manager Tony Nutt steps down http://goo.gl/RPqOp
  131. 3/5/12 (UK) Jupiter fund co-manager John Hamilton steps down http://goo.gl/RPqOp
  132. 3/5/12 (NEW ZEALAND) Insured Group Bill Jeffries has resigned as chairman and director http://goo.gl/gX7wu
  133. 3/5/12 (USA) Reliance Bancshares chairman Patrick Gideon resigned http://goo.gl/u6BT4
  134. 3/6/12 (FRANCE) Blackstone Group’s Paris office leaderJean-Michel Steg will step down http://goo.gl/w3Ca5
  135. 3/6/12 (JAMAICA) Jamaica Money Market Brokers Limited, Patricia Sutherland has resigned as Executive Director http://goo.gl/oMwv6
  136. 3/6/12 (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. http://goo.gl/FBwFo
  137. 3/6/12 (USA)  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. http://goo.gl/8oi7C
  138. 3/6/12 (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. http://goo.gl/qc3jB
  139. 3/7/12 (GERMANY) Deutsche Bank AG’s (DB) Chief Risk Officer Hugo Baenzigeri to resign http://goo.gl/MWqsH
  140. 3/7/12 (GERMANY) Deutsche Bank AG’s (DB) Chief Operating Officer Hermann-Josef Lamberti to resign http://goo.gl/MWqsH
  141. 3/7/12 (UNITED ARAB EMIRATES) Dubai Mercantile Exchange announced Thomas Leaver will step down as CEO http://goo.gl/rfhWN
  142. 3/7/12 (SCOTLAND) Macfarlane Group Chairman Archie Hunter to step down after 8 years of service http://goo.gl/RHllr
  143. 3/7/12 (USA) BlackRock Emerging Markets Fund co-head Daniel Tubbs, has left the group to pursue other opportunities. http://goo.gl/CpEzZ
  144. 3/7/12 (UK) Goldman Sachs (GSI) Christopher French resigns from board http://goo.gl/3yQDS
  145. 3/7/12 (UK) Goldman Sachs (GSI) David Wildermuth resigns from board http://goo.gl/3yQDS
  146. 3/7/12 (UK) Goldman Sachs (GSI) Matthew Westerman resigns from board http://goo.gl/3yQDS
  147. 3/7/12 (UK) Goldman Sachs (GSI) co-head of global mergers and acquisitions Yoel Zaoui resigns http://goo.gl/3yQDS
  148. 3/7/12 (UK) Goldman Sachs (GSI) Phil Beatty resigned as head of European power and natural-gas trading http://goo.gl/jqbYY
  149. 3/7/12 (SINGAPORE) Nikko Asset Management Timothy McCarthy is retiring as chairman and CEO at the end of the month http://goo.gl/v8tcT
  150. 3/7/12 (HONG KONG) UBS Senior Asia EconomistJonathan Anderson Departs http://goo.gl/09VqT
  151. 3/7/12 (HAITI) FORMER DIRECTOR HAITI CENTRAL BANK SLAIN! ⑆44541444⑈ http://goo.gl/UtVz3
  152. 3/7/12 (FRANCE) Société Générale Private Banking, Daniel Truchi is to step down as head of Société Générale Private Banking http://goo.gl/XhgJ9
  153. 3/7/12 (AUSTRALIA) Customers Ltd, Tim Wildash has cashed himself out as chief executive of Australia’s largest ATM operator http://goo.gl/eZJMb
  154. 3/7/12 (USA CA) CALSTRS, Pascal Villiger, senior private equity portfolio manager at the $145 billion California State Teachers’ Retirement System resigns http://goo.gl/ub0ke
  155. 3/7/12 (USA) Astaire quits Bank of America Merrill to dance to Barclays Capital’s tune http://goo.gl/Zv6Ny

█▓▒░   End of list as of 3/7/12  ░▒▓█

Addendum:

It is not known under what circumstances these individuals have left their positions, I make no judgement on that. I find the timing of so many resignations extremely curious and a temporal marker in history of high significance. No one should assume I make any judgement about the character of these people. I frankly don’t know their reputations except for a few rather famous ones.

This list includes Banks, Investment Houses, Sovereign Wealth Funds, Equity Funds, Savings Retirement Funds and other shadow banking organizations. The line is very blurry between these entities, some are owned by banks some are banks, some invest in banks as well as owning entire industries (common in Hong Kong and Japan).

Source:

http://www.americankabuki.blogspot.com/p/131-resignations-from-world-banks.html

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