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Chase Bank loss...another case of cooking the books?
Lolest!
#81 Posted : Wednesday, April 06, 2016 9:32:05 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
watesh wrote:
Massive withdrawal everywhere

My landlord already texted us cautioning against depositing into his Chase acc
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
newfarer
#82 Posted : Wednesday, April 06, 2016 10:18:25 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
mlennyma wrote:
TheGeek wrote:
Obi 1 Kanobi wrote:
watesh wrote:
Massive withdrawal everywhere

Will probably worsen tomorrow after people have watched the evening news today.


Biggest beneficiary will be MPESA BANK.


mpesa cannot hold substantial deposits,kcb will catch the biggest share followed by other big banks remember nbk has credibility issues too

it can most bank account holders have less than a 100k at any time.MPESA bank has tyranny of number a
punda amecheka
TheGeek
#83 Posted : Wednesday, April 06, 2016 10:23:55 PM
Rank: Member

Joined: 7/3/2014
Posts: 245
newfarer wrote:
mlennyma wrote:
TheGeek wrote:
Obi 1 Kanobi wrote:
watesh wrote:
Massive withdrawal everywhere

Will probably worsen tomorrow after people have watched the evening news today.


Biggest beneficiary will be MPESA BANK.


mpesa cannot hold substantial deposits,kcb will catch the biggest share followed by other big banks remember nbk has credibility issues too



Yes. what am forseeing is guys in the shaky banks making immediate transfer to mpesa and using it as a current account of some sort.
Remember people who rush to withdraw are retail.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
guru267
#84 Posted : Wednesday, April 06, 2016 10:54:09 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
I hope the share prices of the "good" banks tank on these jitters.. I have some serious idle cash waiting!
Mark 12:29
Deuteronomy 4:16
PKoli
#85 Posted : Wednesday, April 06, 2016 11:15:30 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
guru267 wrote:
I hope the share prices of the "good" banks tank on these jitters.. I have some serious idle cash waiting!

Banks are currently trading at a discount. Not sure you will any better prices
mlennyma
#86 Posted : Wednesday, April 06, 2016 11:20:19 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
PKoli wrote:
guru267 wrote:
I hope the share prices of the "good" banks tank on these jitters.. I have some serious idle cash waiting!

Banks are currently trading at a discount. Not sure you will any better prices

be sure of lower prices if that interest cap sails through
"Don't let the fear of losing be greater than the excitement of winning."
hisah
#87 Posted : Thursday, April 07, 2016 6:48:15 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
whiteowl wrote:
hisah wrote:
Bond holders that bought the recent bank bonds must be having the infamous butterfly stomach effect...


Bond holders are paid what's left after depositors are paid so if it goes down they'll be totally roasted.

Bond market bidless... You see the cycle?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Forester
#88 Posted : Thursday, April 07, 2016 7:05:17 AM
Rank: Member

Joined: 12/7/2010
Posts: 520
Location: Epicentre - Ngamia 1
Unconfirmed reports this morning....Sad Sad Sad
Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
maka
#89 Posted : Thursday, April 07, 2016 7:13:30 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Forester wrote:
Unconfirmed reports this morning....Sad Sad Sad


That....
possunt quia posse videntur
Impunity
#90 Posted : Thursday, April 07, 2016 7:50:45 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
maka wrote:
Forester wrote:
Unconfirmed reports this morning....Sad Sad Sad


That....


It has gone Dubaimperial.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

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