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Chase Bank loss...another case of cooking the books?
Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Seems the Qataris have taken it? Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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KulaRaha wrote:Seems the Qataris have taken it? I have seen this too on social media...oil money always wins
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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watesh wrote:KulaRaha wrote:Seems the Qataris have taken it? I have seen this too on social media...oil money always wins Good for them. Deep pockets can withstand a run and muscle can recover what Romeo & Juliet have stolen. Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Since we are more often than not unable to run our institutions , soon we will find even the Gava run by foreigners. Yet we are a sovereign state !!!
Why did we fail in the first place ??
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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streetwise wrote:Since we are more often than not unable to run our institutions , soon we will find even the Gava run by foreigners. Yet we are a sovereign state !!!
Why did we fail in the first place ?? Isn't it obvious...insatiable greed. possunt quia posse videntur
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Rank: Member Joined: 2/4/2016 Posts: 175 Location: Global
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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BS story Sehemu ndio nyumba
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Nedbank was 2nd and KCB distant 3rd. The South Africans we ready to step into Kenya
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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watesh wrote:Nedbank was 2nd and KCB distant 3rd. The South Africans we ready to step into Kenya i am against a big Kenyan bank taking it and copy pasting their harsh lending conditions "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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mlennyma wrote:watesh wrote:Nedbank was 2nd and KCB distant 3rd. The South Africans we ready to step into Kenya i am against a big Kenyan bank taking it and copy pasting their harsh lending conditions Its loose lending that has brought Chase to its knees. Even QNB will be harsh...and the concubines working there will be scrapped. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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KulaRaha wrote:mlennyma wrote:watesh wrote:Nedbank was 2nd and KCB distant 3rd. The South Africans we ready to step into Kenya i am against a big Kenyan bank taking it and copy pasting their harsh lending conditions Its loose lending that has brought Chase to its knees. Even QNB will be harsh...and the concubines working there will be scrapped. not loose lending but corrupt top management "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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murchr wrote:dunkang wrote:Angelica _ann wrote:Boris Boyka wrote:@Murchr Must be an interested party in Chase Bank. Pole brother. Defending the indefensible. Thieves were caught, next stage is they refund the money & jail them. rest is sideshows!!! Some people in wazua just like trolling. This is an open and shut case. Makosa ilifanyika, na lazima ilipiwe! Bull crap, show me one post where I have defended the directors. If you can not read and understand, usisambaze ujinga. Othelo, companies restate their results all the times Co-op has done it. See how the bloggers fooled you? Big money is allover this one. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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murchr wrote:murchr wrote:dunkang wrote:Angelica _ann wrote:Boris Boyka wrote:@Murchr Must be an interested party in Chase Bank. Pole brother. Defending the indefensible. Thieves were caught, next stage is they refund the money & jail them. rest is sideshows!!! Some people in wazua just like trolling. This is an open and shut case. Makosa ilifanyika, na lazima ilipiwe! Bull crap, show me one post where I have defended the directors. If you can not read and understand, usisambaze ujinga. Othelo, companies restate their results all the times Co-op has done it. See how the bloggers fooled you? Big money is allover this one. The big money most likely is after the banking license and not the business model. I am sure the Qataris wont need the Chase loan book. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Gathige wrote:murchr wrote:murchr wrote:dunkang wrote:Angelica _ann wrote:Boris Boyka wrote:@Murchr Must be an interested party in Chase Bank. Pole brother. Defending the indefensible. Thieves were caught, next stage is they refund the money & jail them. rest is sideshows!!! Some people in wazua just like trolling. This is an open and shut case. Makosa ilifanyika, na lazima ilipiwe! Bull crap, show me one post where I have defended the directors. If you can not read and understand, usisambaze ujinga. Othelo, companies restate their results all the times Co-op has done it. See how the bloggers fooled you? Big money is allover this one. The big money most likely is after the banking license and not the business model. I am sure the Qataris wont need the Chase loan book. When they buy, they take everything including the liability. But that is secondary, the fact remains, the bank was not badly off. Business was good. Are you trying to say that the Qataris don't know about Musharaka* (sp)? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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QNB will be disqualified due to conflict of interest.They are the largest shareholders at Ecobank which has a banking operation in kenya Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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There is no conflict there
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Ericsson wrote:QNB will be disqualified due to conflict of interest.They are the largest shareholders at Ecobank which has a banking operation in kenya Whats the conflict there?
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@washiku Owining two competing etities in the same market. Unless either they decide chase bank and ecobank be merged Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Seems KCB takes it. Branches to re open on 27th. Business opportunities are like buses,there's always another one coming
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Chase Bank loss...another case of cooking the books?
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