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Now Imperial Bank under receivership for 12 months
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Impunity
#221 Posted : Thursday, November 19, 2015 6:24:45 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
watesh wrote:
Even is this bank is opened again, who in their right mind will take his money there?


They will change its name to something exotic like Morgan Chase Kenya or HSBC-Kenya.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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watesh
#222 Posted : Friday, November 20, 2015 12:49:01 AM
Rank: Veteran

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


They will change its name to something exotic like Morgan Chase Kenya or HSBC-Kenya.

hahahaha you cant steal another bank's name and branding just like that. Anyway a new name without media attention may work but you know media cant shut up.
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enyands
#223 Posted : Friday, November 20, 2015 1:07:09 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
watesh wrote:
Impunity wrote:
watesh wrote:
Even is this bank is opened again, who in their right mind will take his money there?


They will change its name to something exotic like Morgan Chase Kenya or HSBC-Kenya.

hahahaha you cant steal another bank's name and branding just like that. Anyway a new name without media attention may work but you know media cant shut up.


Same as taking the same monkeys to a different forest. They will still make the same annoying noise Laughing out loudly
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muganda
#224 Posted : Wednesday, November 25, 2015 4:25:21 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Saga continues. The defense by Janmohammed family makes for horrid reading. http://www.businessdailyafrica....6/-/gq8ynvz/-/index.html

And together with the whistleblowers, they are all represented by Ahmednasir, making me think the issue will not be resolved soon.

Meanwhile, depositors seem at odds with CBK and are working to ensure bank remains open. Soon it may be difficult to tell pebbles from soil in the muddy affair.
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dunkang
#225 Posted : Wednesday, December 02, 2015 1:39:51 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831

Receive with simplicity everything that happens to you.” ― Rashi

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Nimerudi
#226 Posted : Wednesday, December 02, 2015 2:42:54 PM
Rank: New-farer

Joined: 1/21/2015
Posts: 78
Location: Pare Pare
dunkang wrote:



Signs that KCB & DTB are acquiring IB's assets? And what involvement did AKFED have in Imperial's business for that matter?
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Impunity
#227 Posted : Wednesday, December 02, 2015 5:28:39 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Nimerudi wrote:
dunkang wrote:



Signs that KCB & DTB are acquiring IB's assets? And what involvement did AKFED have in Imperial's business for that matter?



This is a classic example where the wanjiku wins over bwenyenye...wanjiku will be paid full her deposits while waigoro with her 781 million can only expect 1 million max.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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TheGeek
#228 Posted : Wednesday, December 02, 2015 8:03:10 PM
Rank: Member

Joined: 7/3/2014
Posts: 245
Impunity wrote:
Nimerudi wrote:
dunkang wrote:



Signs that KCB & DTB are acquiring IB's assets? And what involvement did AKFED have in Imperial's business for that matter?



This is a classic example can only the wanjiku wins over bwenyenye...wanjiku will be paid full her deposits while waigoro with her 781 million can only expect 1 million max.

Not quite.
bwanyenye will sit tight., covert the debt into equity then soon a suitor will buy him out at a fat premium.
Who will be laughing then Applause
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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Ericsson
#229 Posted : Wednesday, December 02, 2015 10:51:27 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Imperial Bank shareholders have been screwed by this deal of KCB and DTB acquiring Imperial Bank Assets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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muganda
#230 Posted : Tuesday, January 12, 2016 10:03:50 AM
Rank: Elder

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

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