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Chase Bank loss...another case of cooking the books?
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timuka
#51 Posted : Wednesday, April 06, 2016 2:41:58 PM
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Joined: 1/21/2013
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alma1
#52 Posted : Wednesday, April 06, 2016 2:49:31 PM
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Joined: 9/19/2015
Posts: 2,871
Location: hapo
maka wrote:
alma1 wrote:
Whoever is doing their reputation management online should also resign. These kind of rumors can shut down an otherwise good business.


Before you firefight one rumour you are bombarded by 10 more...what do you deal with first?At the same time whatsapp messages...texts.


It seems these rumors are turning out to be true after all....9 more to go.
Thieves are not good people. Tumeelewana?
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timuka
#53 Posted : Wednesday, April 06, 2016 2:51:11 PM
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winmak
#54 Posted : Wednesday, April 06, 2016 3:09:37 PM
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Joined: 12/1/2007
Posts: 539
Location: Nakuru
So, is there any safe bank? These tier 3s are treading on shaky ground...
For investors as a whole, returns decrease as motion increases ~ WB
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maka
#55 Posted : Wednesday, April 06, 2016 3:25:03 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
winmak wrote:
So, is there any safe bank? These tier 3s are treading on shaky ground...


KCB
possunt quia posse videntur
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muganda
#56 Posted : Wednesday, April 06, 2016 3:50:15 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
winmak wrote:
So, is there any safe bank? These tier 3s are treading on shaky ground...

The very 'respectable' CNyakundi is on the trail...
imminent collapse, 6b loss, siphoning, etc.

http://cnyakundi.com/201...e-move-your-money-asap/

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  | | Edit by user: Wednesday, April 06, 2016 3:52 PM | Reason: Not specified
murchr
#57 Posted : Wednesday, April 06, 2016 4:07:38 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
muganda wrote:
winmak wrote:
So, is there any safe bank? These tier 3s are treading on shaky ground...

The very 'respectable' CNyakundi is on the trail...
imminent collapse, 6b loss, siphoning, etc.

http://cnyakundi.com/201...e-move-your-money-asap/



? Really?

Can you all calm down and wait for a word from the CBK
"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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innairobi
#58 Posted : Wednesday, April 06, 2016 4:22:34 PM
Rank: Member

Joined: 9/2/2010
Posts: 845
muganda wrote:
winmak wrote:
So, is there any safe bank? These tier 3s are treading on shaky ground...

The very 'respectable' CNyakundi is on the trail...
imminent collapse, 6b loss, siphoning, etc.

http://cnyakundi.com/201...e-move-your-money-asap/



haha. the 'bidco man' cnyakundi.com amepata some legit news finally. such websites and the likes of kenya-today.com, kenya-post.com, and sijui kahawa tungu are ones you only visit while wearing 50 condoms.
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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muganda
#59 Posted : Wednesday, April 06, 2016 4:25:33 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
murchr wrote:
muganda wrote:
winmak wrote:
So, is there any safe bank? These tier 3s are treading on shaky ground...

The very 'respectable' CNyakundi is on the trail...
imminent collapse, 6b loss, siphoning, etc.

http://cnyakundi.com/201...e-move-your-money-asap/



? Really?

Can you all calm down and wait for a word from the CBK

As we wait for word from the CBK...

• I note Chase Bank and National Bank share the same auditor, Deloitte.

• Seems the challenge in banking will always remain the extent to which insiders (owners/directors) fund their other businesses with customer deposits – 10.5bn in this case


Feels exaggerated, should maybe read 'is the major shareholder'
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  | | Edit by user: Wednesday, April 06, 2016 4:42 PM | Reason: Not specified
murchr
#60 Posted : Wednesday, April 06, 2016 4:29:39 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Actually sit tight, all banks are under the microscope. If we can have a list of what they listed as their NPL vs what will be coming out in the near future. Chase listed 2.5Bn, Actual 11Bn. By the time they start dishing out Q1 things will be hot

"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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