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Chase Bank loss...another case of cooking the books?
Rank: Member Joined: 12/2/2009 Posts: 299 Location: kenya
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One of the bank directors alienda hapo Eastern Bypass akafungua joint inaitwa Oakpoint Ruiru.The best in the O.J neighbourhoods.He is minting serious chums as Kenyans warrow in miasma of lost fortunes.I don't know who can be trusted in this country....
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Thanks gents for sharing the knowledge The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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popat wrote:One of the bank directors alienda hapo Eastern Bypass akafungua joint inaitwa Oakpoint Ruiru.The best in the O.J neighbourhoods.He is minting serious chums as Kenyans warrow in miasma of lost fortunes.I don't know who can be trusted in this country.... Dr.Njoroge possunt quia posse videntur
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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masukuma wrote:mlennyma wrote:dunkang wrote:So, I move my money, interest and time to Sports Betting and banks starts collapsing left, right and center.
Its OK.
Funny enough is that this banks are collapsing after their MDs and CEOs receive awards of excellence. Very funny. Very very funny. the former governor also left with many awards and recognitions is that a tell-tell sign? Yes.Munir best CEO 2014,the chase bank guy best CEO 2015.Even in other countries studies show a correlation between awards and poor performance of the company. Its not always the case but you can't ignore the trend. Watch out for the best CEO in the banking sector this year!
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Swenani wrote:sitaki.kujulikana wrote:mlennyma wrote:Impunity wrote:sitaki.kujulikana wrote:is m-shwari safe CBA = @Uhuru bank never joke with limited companies the person and company are different strangers m-shwari seems like a convenient place to keep your cash when this banks run occur, just log onto mobile banking of whichever bank and push the funds huko, instead of fighting kwa ATM's. But is it a safe alternative for long term banking, I am thinking is safcom was to collapse the whole country would go under, financially. Just open an account at central bank and sleep peacefully Nditto...learned wazuans should have known these eons! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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whiteowl wrote:masukuma wrote:mlennyma wrote:dunkang wrote:So, I move my money, interest and time to Sports Betting and banks starts collapsing left, right and center.
Its OK.
Funny enough is that this banks are collapsing after their MDs and CEOs receive awards of excellence. Very funny. Very very funny. the former governor also left with many awards and recognitions is that a tell-tell sign? Yes.Munir best CEO 2014,the chase bank guy best CEO 2015.Even in other countries studies show a correlation between awards and poor performance of the company. Its not always the case but you can't ignore the trend. Watch out for the best CEO in the banking sector this year! Think Business Bank Awards outside those categories supported by actual data are not to be taken very seriously. The CEO of the Year is I think just a rotational BS awarded to somone who has not received it before. Literally all the major CEO's have received this award, may be it was the turn of Munir & Duncan.  "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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whiteowl wrote:masukuma wrote:mlennyma wrote:dunkang wrote:So, I move my money, interest and time to Sports Betting and banks starts collapsing left, right and center.
Its OK.
Funny enough is that this banks are collapsing after their MDs and CEOs receive awards of excellence. Very funny. Very very funny. the former governor also left with many awards and recognitions is that a tell-tell sign? Yes.Munir best CEO 2014,the chase bank guy best CEO 2015.Even in other countries studies show a correlation between awards and poor performance of the company. Its not always the case but you can't ignore the trend. Watch out for the best CEO in the banking sector this year!
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Rank: Member Joined: 11/21/2007 Posts: 152 Location: Nairobi
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I agree on the correlation between awards and poor performance. IBL had won the FIRE award for sometime. whiteowl wrote:masukuma wrote:mlennyma wrote:dunkang wrote:So, I move my money, interest and time to Sports Betting and banks starts collapsing left, right and center.
Its OK.
Funny enough is that this banks are collapsing after their MDs and CEOs receive awards of excellence. Very funny. Very very funny. the former governor also left with many awards and recognitions is that a tell-tell sign? Yes.Munir best CEO 2014,the chase bank guy best CEO 2015.Even in other countries studies show a correlation between awards and poor performance of the company. Its not always the case but you can't ignore the trend. Watch out for the best CEO in the banking sector this year!
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Obi 1 Kanobi wrote:whiteowl wrote:masukuma wrote:mlennyma wrote:dunkang wrote:So, I move my money, interest and time to Sports Betting and banks starts collapsing left, right and center.
Its OK.
Funny enough is that this banks are collapsing after their MDs and CEOs receive awards of excellence. Very funny. Very very funny. the former governor also left with many awards and recognitions is that a tell-tell sign? Yes.Munir best CEO 2014,the chase bank guy best CEO 2015.Even in other countries studies show a correlation between awards and poor performance of the company. Its not always the case but you can't ignore the trend. Watch out for the best CEO in the banking sector this year! Think Business Bank Awards outside those categories supported by actual data are not to be taken very seriously. The CEO of the Year is I think just a rotational BS awarded to somone who has not received it before. Literally all the major CEO's have received this award, may be there's a ka'rotational policy. ...and on that note, I will just leave this one here....UKenyatta is best Africa's president!Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 8/26/2015 Posts: 26 Location: Nairobi
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Impunity wrote:Swenani wrote:sitaki.kujulikana wrote:mlennyma wrote:Impunity wrote:sitaki.kujulikana wrote:is m-shwari safe CBA = @Uhuru bank never joke with limited companies the person and company are different strangers m-shwari seems like a convenient place to keep your cash when this banks run occur, just log onto mobile banking of whichever bank and push the funds huko, instead of fighting kwa ATM's. But is it a safe alternative for long term banking, I am thinking is safcom was to collapse the whole country would go under, financially. Just open an account at central bank and sleep peacefully Nditto...learned wazuans should have known these eons! According to https://www.centralbank....ndex.php/bank-services, Can I open an account with the Central Bank of Kenya?No. The Central Bank of Kenya does not offer commercial banking services, such as the opening of accounts, to the general public.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Obi 1 Kanobi wrote:whiteowl wrote:masukuma wrote:mlennyma wrote:dunkang wrote:So, I move my money, interest and time to Sports Betting and banks starts collapsing left, right and center.
Its OK.
Funny enough is that this banks are collapsing after their MDs and CEOs receive awards of excellence. Very funny. Very very funny. the former governor also left with many awards and recognitions is that a tell-tell sign? Yes.Munir best CEO 2014,the chase bank guy best CEO 2015.Even in other countries studies show a correlation between awards and poor performance of the company. Its not always the case but you can't ignore the trend. Watch out for the best CEO in the banking sector this year! Think Business Bank Awards outside those categories supported by actual data are not to be taken very seriously. The CEO of the Year is I think just a rotational BS awarded to somone who has not received it before. Literally all the major CEO's have received this award, may be it was the turn of Munir & Duncan. So they came in last after everyone has enjoyed the lime light cementing the fact that they are bogus.. possunt quia posse videntur
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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CheckYourSix wrote:Impunity wrote:Swenani wrote:sitaki.kujulikana wrote:mlennyma wrote:Impunity wrote:sitaki.kujulikana wrote:is m-shwari safe CBA = @Uhuru bank never joke with limited companies the person and company are different strangers m-shwari seems like a convenient place to keep your cash when this banks run occur, just log onto mobile banking of whichever bank and push the funds huko, instead of fighting kwa ATM's. But is it a safe alternative for long term banking, I am thinking is safcom was to collapse the whole country would go under, financially. Just open an account at central bank and sleep peacefully Nditto...learned wazuans should have known these eons! According to https://www.centralbank....ndex.php/bank-services, Can I open an account with the Central Bank of Kenya?No. The Central Bank of Kenya does not offer commercial banking services, such as the opening of accounts, to the general public.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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#MarketUpdate The Nairobi Securities Exchange suspends Trading of Chase Bank Kenya Bond @NSEKenya Don't know if that was already posted possunt quia posse videntur
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Rank: User Joined: 1/20/2014 Posts: 3,528
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popat wrote:One of the bank directors alienda hapo Eastern Bypass akafungua joint inaitwa Oakpoint Ruiru.The best in the O.J neighbourhoods.He is minting serious chums as Kenyans warrow in miasma of lost fortunes.I don't know who can be trusted in this country.... So this is how guys are acquiring crazy properties in Nairobi and environs. Okay  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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maka wrote:#MarketUpdate
The Nairobi Securities Exchange suspends Trading of Chase Bank Kenya Bond
@NSEKenya
Don't know if that was already posted I will never hold a corporate bond even if it is floated by a blue chip company like Safaricom Ltd. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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CheckYourSix wrote:Impunity wrote:Swenani wrote:sitaki.kujulikana wrote:mlennyma wrote:Impunity wrote:sitaki.kujulikana wrote:is m-shwari safe CBA = @Uhuru bank never joke with limited companies the person and company are different strangers m-shwari seems like a convenient place to keep your cash when this banks run occur, just log onto mobile banking of whichever bank and push the funds huko, instead of fighting kwa ATM's. But is it a safe alternative for long term banking, I am thinking is safcom was to collapse the whole country would go under, financially. Just open an account at central bank and sleep peacefully Nditto...learned wazuans should have known these eons! According to https://www.centralbank....ndex.php/bank-services, Can I open an account with the Central Bank of Kenya?No. The Central Bank of Kenya does not offer commercial banking services, such as the opening of accounts, to the general public. You must have minimum Kss.100,000 for CBK, if you are a @wanjiku please tumia M-suruari.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Spikes wrote:maka wrote:#MarketUpdate
The Nairobi Securities Exchange suspends Trading of Chase Bank Kenya Bond
@NSEKenya
Don't know if that was already posted I will never hold a corporate bond even if it is floated by a blue chip company like Safaricom Ltd. Gaament Bond is the best, if you get Infrastructure Bond (tax free), the sweeter.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 3/28/2016 Posts: 37 Location: nairobi
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instead of capping interest rates, we need a substantive law as opposed to rules and regulations on corporate governance. Especially in the financial sector ( Banking, Insurance, Retirement). The law should be criminal in nature or at least civil and criminal in nature because the burden of proof in criminal is very high to get a conviction.
Anyway the directors are solely responsbile for this mess because they acted recklessly. A director is reasonably expected to foresee the damage that his/her actions ( Fradulent statement of account) can cause.
IF it was possible for depositors to sue directors for breach of duty and subsequently have their personal assets used to cover their claims, it was be great as this is a case of unjust enrichment. Anyway it's a sad day for kenya.
Oh and The Perp Walk should be introduced in Kenya
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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Impunity wrote:Spikes wrote:maka wrote:#MarketUpdate
The Nairobi Securities Exchange suspends Trading of Chase Bank Kenya Bond
@NSEKenya
Don't know if that was already posted I will never hold a corporate bond even if it is floated by a blue chip company like Safaricom Ltd. Gaament Bond is the best, if you get Infrastructure Bond (tax free), the sweeter. Some guy had a government bond mature 2days ago and guess who he banked with? Foresight..
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Naona sosio midia saying Rafiki DTM, and Ghengis securities associated with Chase experienced unrest today,. To Each His Own
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Chase Bank loss...another case of cooking the books?
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