Wazua
»
Investor
»
Economy
»
Chase Bank loss...another case of cooking the books?
Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
|
This is a very sad day for the young IT industry. A lot of young entreprenuers depended on Chase Products and Services. Just had a call from a friend who's about to lose everything in his business, if something is not done. Is there a special hell for guys like these directors? Then I read this piece from sunny. DID YOUR CEO JUST WIN AN AWARD? START WORRYING… http://www.sunwords.com/...an-award-start-worrying/Thieves are not good people. Tumeelewana?
|
|
|
Rank: Elder Joined: 2/26/2008 Posts: 4,449
|
watesh wrote:muganda wrote:Othelo wrote:So you will find a guy who has been burned by all the three banks ...... Dubai, Imperial and Chase.  Or fund managers who invested client funds in Imperial Bank Bond plus Chase Bank Bond, they are far in line compared to depositors... Real pain by Kenyans in the city: Spare a thought...  This is just sad Real sad. We have a new dawn with Dr Patrick Njoroge at the helm of CBK. Guy needs all the support he can get to deal with the current.
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
|
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. Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
This may be a silly question, bear with me. During receivership does the bank remain closed, does it conduct any business? What's the role of the receiver manager in this case? The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
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 "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
Aguytrying wrote:This may be a silly question, bear with me.
During receivership does the bank remain closed, does it conduct any business? What's the role of the receiver manager in this case?
the employees who know the loopholes in the bank can loot seriously since their bosses are suspended "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 10/4/2006 Posts: 13,823 Location: Nairobi
|
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? All Mushrooms are edible! Some Mushroom are only edible ONCE!
|
|
|
Rank: Elder Joined: 9/15/2006 Posts: 3,907
|
mlennyma wrote:Aguytrying wrote:This may be a silly question, bear with me.
During receivership does the bank remain closed, does it conduct any business? What's the role of the receiver manager in this case?
the employees who know the loopholes of the bank can loot seriously since their bosses are suspended During Receivership, the bank should be able to run normally. The issue is due to loss of trust, receiver manager & CBK would not allow it to open until it was submerged in cash. Hence the challenge, because the owners are usually even more wary than the depositors, to sink new money into the 'love boat'. Then, the inevitable follows...
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Aguytrying wrote:This may be a silly question, bear with me.
During receivership does the bank remain closed, does it conduct any business? What's the role of the receiver manager in this case?
This is not a silly question. Who was in charge at Chase Bank say Kisumu Branch at 10am today? Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
|
sparkly wrote:Aguytrying wrote:This may be a silly question, bear with me.
During receivership does the bank remain closed, does it conduct any business? What's the role of the receiver manager in this case?
This is not a silly question. Who was in charge at Chase Bank say Kisumu Branch at 10am today? every branch must have a receiver managers representative, i have seen insurance companies operate under receiver manager's, looks like banking is very sensitive "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Wazua
»
Investor
»
Economy
»
Chase Bank loss...another case of cooking the books?
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|