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Chase Bank loss...another case of cooking the books?
popat
#241 Posted : Thursday, April 07, 2016 4:49:06 PM
Rank: Member

Joined: 12/2/2009
Posts: 299
Location: kenya
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....
Aguytrying
#242 Posted : Thursday, April 07, 2016 4:50:45 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Thanks gents for sharing the knowledge
The investor's chief problem - and even his worst enemy - is likely to be himself
maka
#243 Posted : Thursday, April 07, 2016 4:54:33 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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
whiteowl
#244 Posted : Thursday, April 07, 2016 5:20:29 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
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!
Impunity
#245 Posted : Thursday, April 07, 2016 5:23:39 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
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.

Obi 1 Kanobi
#246 Posted : Thursday, April 07, 2016 5:43:52 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
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.Laughing out loudly Laughing out loudly
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
muganda
#247 Posted : Thursday, April 07, 2016 5:44:31 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
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!


Ilikeyou
#248 Posted : Thursday, April 07, 2016 5:44:40 PM
Rank: Member

Joined: 11/21/2007
Posts: 152
Location: Nairobi
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!

Impunity
#249 Posted : Thursday, April 07, 2016 5:46:03 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
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.Laughing out loudly Laughing out loudly


...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.

CheckYourSix
#250 Posted : Thursday, April 07, 2016 5:46:13 PM
Rank: New-farer

Joined: 8/26/2015
Posts: 26
Location: Nairobi
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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