Bank of New York Mellon Chief Resigns in a Shake-Up Along with Over Six Hundred Bankers Worldwide No Explanations
And so far, no whistle blowers… but ” Decision to quit fuels speculation that central bank policymakers are split amid fears that Greece could default” – Germany
By SUSANNE CRAIG New York Times – Bank of New York Mellon’s chief executive and chairman, Robert P. Kelly, stepped down late Wednesday because of “differences in approaches to managing the company,” the bank said.Pressure on the bank has been growing for months. While it has avoided the mortgage woes that have bedeviled the nation’s biggest financial institutions, it has come under scrutiny because of accusations that it and other custody banks shortchanged clients when executing currency trades for foreign transactions. In addition, Bank of New York’s performance has lagged that of its chief rival, State Street.
“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). “
THE Six Hundred and Eleven Bankers as of today: