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Now Imperial Bank under receivership for 12 months
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Museveni
#211 Posted : Monday, November 16, 2015 1:01:44 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
muganda wrote:
Central Bank a tad frustrated by the pace of the shareholders.
Imperial's owners frustrate CBK plan

Meanwhile, large depositors met in Mombasa further irking CBK.




Sharks everywhere. That was just bait for some large depositor.
He's smelled blood on the corridors knowing some of the large depositors have accumulated the $$ in ways that may complicate the withdrawal process now that the bank is under receivership.
Pity the small depositors roped into the mess.
Unmasking the large depositors will drag on for a while, reason they will try to rope in small depositors on the frontline to make the most noise for them to CBK.
As one Benji put it:
Live and learn; and don’t forget, nothing ventured, nothing gained.
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  | | Edit by user: Monday, November 16, 2015 1:03 PM | Reason: Not specified
muganda
#212 Posted : Monday, November 16, 2015 2:56:22 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Museveni wrote:

Sharks everywhere. That was just bait for some large depositor.
He's smelled blood on the corridors knowing some of the large depositors have accumulated the $$ in ways that may complicate the withdrawal process now that the bank is under receivership.
Pity the small depositors roped into the mess.
Unmasking the large depositors will drag on for a while, reason they will try to rope in small depositors on the frontline to make the most noise for them to CBK...
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  | | Edit by user: Monday, November 16, 2015 2:57 PM | Reason: Not specified
whiteowl
#213 Posted : Monday, November 16, 2015 11:33:27 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
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murchr
#214 Posted : Wednesday, November 18, 2015 1:24:06 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Troubled Imperial Bank will require as much as Sh40 billion in new capital to be put back on track, a Central Bank of Kenya (CBK) official involved in the revival proposals said.
"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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Impunity
#215 Posted : Thursday, November 19, 2015 10:10:00 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
what will make a person to open 5 different accounts with the same bank?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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whiteowl
#216 Posted : Thursday, November 19, 2015 10:35:09 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Impunity wrote:
what will make a person to open 5 different accounts with the same bank?


this is quite normal. Example, you can have accounts for different currencies shilling, dollar, Euro, pound in the same bank.
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Impunity
#217 Posted : Thursday, November 19, 2015 11:26:44 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
whiteowl wrote:
Impunity wrote:
what will make a person to open 5 different accounts with the same bank?


this is quite normal. Example, you can have accounts for different currencies shilling, dollar, Euro, pound in the same bank.


His was for only KES.
But its good to spread out the risk.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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whiteowl
#218 Posted : Thursday, November 19, 2015 11:32:12 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Impunity wrote:
whiteowl wrote:
Impunity wrote:
what will make a person to open 5 different accounts with the same bank?


this is quite normal. Example, you can have accounts for different currencies shilling, dollar, Euro, pound in the same bank.


His was for only KES.
But its good to spread out the risk.


yes,spreading the risk is a must.where money is involved its good to plan for worst case scenarios even though they don't happen much often.
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Lolest!
#219 Posted : Thursday, November 19, 2015 11:54:04 AM
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Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
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watesh
#220 Posted : Thursday, November 19, 2015 5:37:41 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Even is this bank is opened again, who in their right mind will take his money there?
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