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Chase Bank loss...another case of cooking the books?
Rank: Member Joined: 2/4/2016 Posts: 175 Location: Global
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kamundu wrote:Lolest! wrote:kamundu wrote:http://www.mediamaxnetwork.co.ke/people-daily/212530/islamic-banking-could-be-behind-chase-banks-fall/
Discuss (10mks)  What does Dubai, Imperial , NBK and Chase have in common?  Are you suggesting Islamic Window?Did Imperial have one?
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Ric dees wrote:Years ago I lost cash at Nyaga Stockbrokers and I hoped to recover my money but never saw a cent. Lesson Numero Uno. A few years later I was holding a portfolio at NSE and I pestered my broker day and night to buy me Uchumi shares which for some reason could not get.One morning out of the blue, shares were found which I instructed him to acquire and the next day Uchumi crashed, we all can guess what happened. Lesson Numero dos and certainly this was the last Its fascinating reading all this stuff from arm-chair finance gurus, google students and the latte sipping crowd about what really happened at Chase Bank. Terms like "Qualified Opinion", "NPLs", "Receivership" etc have come to the fore. How many people used to watch Kiini Mach them days. Now this is the real deal... How many know what really happened to PN at EQ? Why was he pushed out? (Clue 1) Who wrote the anonymous letter to CBK about hands in the cookie jar and why (Clue 2) Who is the chairmans husband? Partner at which Big 4? Who is his best friend? (Clue 3) What happened to CO at KCB? (Clue 4) Now the talk is all about Tier 1 banks - another big joke. https://drive.google.com...k/view?pref=2&pli=1
Mimi nilkaangwa nikiwa kijana nikakanngika, nikaangwe tena nikiwa mtu mzima kwani niko na kichaa? I was a Chase bank Client and loved the online portal, excellent customer service and more, I got the "exit" notification some time last month and duly moved my exposure to Stanchart where I strategise what next. Kenya is a captive state, let those who understand this understand. As one Moi insider told me at Mt Kenya Safari club 2 years ago "Kenya iko na wenyewe" and I will add this IF YOU ARE NOT AT THE TABLE, YOU ARE ON THE MENU Kazi iendelee..pun intended. Cant agree more, drawing lessons from experience  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 1/22/2015 Posts: 682
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kollabo wrote:Impunity wrote:FRM2011 wrote:[quote=Mike Ock]Blogger Owaahh, who thoroughly researched the Imperial Bank case, now has come with another good analysis, not only of the current banking situation, but of the history of bandia banks in Kenya. I'm sorry Chase Bank depositors, directors have been fleecing banks since the 80s and so far no restitution or jailtime: http://owaahh.com/kenyan-banks-fail/[/quote] Read 11000 times in 24 hours. The traditional media is on its death bed. Btw apart from Jaindi Kisero, all the others are crap. Citizen TV is the worst in business journalism. That one @Terryanne chebet is a shallow b**ty in matters biashara! I have always thought so. Very hard to find a pretty lady who is well versed in business matters. Call me sexist if you like, but before you do, please produce counter evidence first. I think TV stations would rather just hire fine girls, then hope they learn about biz on the job.
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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Ric dees wrote:Years ago I lost cash at Nyaga Stockbrokers and I hoped to recover my money but never saw a cent. Lesson Numero Uno. A few years later I was holding a portfolio at NSE and I pestered my broker day and night to buy me Uchumi shares which for some reason could not get.One morning out of the blue, shares were found which I instructed him to acquire and the next day Uchumi crashed, we all can guess what happened. Lesson Numero dos and certainly this was the last Its fascinating reading all this stuff from arm-chair finance gurus, google students and the latte sipping crowd about what really happened at Chase Bank. Terms like "Qualified Opinion", "NPLs", "Receivership" etc have come to the fore. How many people used to watch Kiini Mach them days. Now this is the real deal... How many know what really happened to PN at EQ? Why was he pushed out? (Clue 1) Who wrote the anonymous letter to CBK about hands in the cookie jar and why (Clue 2) Who is the chairmans husband? Partner at which Big 4? Who is his best friend? (Clue 3) What happened to CO at KCB? (Clue 4) Now the talk is all about Tier 1 banks - another big joke. https://drive.google.com...k/view?pref=2&pli=1
Mimi nilkaangwa nikiwa kijana nikakanngika, nikaangwe tena nikiwa mtu mzima kwani niko na kichaa? I was a Chase bank Client and loved the online portal, excellent customer service and more, I got the "exit" notification some time last month and duly moved my exposure to Stanchart where I strategise what next. Kenya is a captive state, let those who understand this understand. As one Moi insider told me at Mt Kenya Safari club 2 years ago "Kenya iko na wenyewe" and I will add this IF YOU ARE NOT AT THE TABLE, YOU ARE ON THE MENU Kazi iendelee..pun intended. I don't know the answers to any of your cryptic questions. Please enlighten me. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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semeni tu which bank(s) are risky, please hata kama you only mention the colors, vitendawili tuachie bupamba
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Rank: Elder Joined: 12/7/2012 Posts: 11,906
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Mike Ock wrote:kollabo wrote:Impunity wrote:FRM2011 wrote:[quote=Mike Ock]Blogger Owaahh, who thoroughly researched the Imperial Bank case, now has come with another good analysis, not only of the current banking situation, but of the history of bandia banks in Kenya. I'm sorry Chase Bank depositors, directors have been fleecing banks since the 80s and so far no restitution or jailtime: http://owaahh.com/kenyan-banks-fail/[/quote] Read 11000 times in 24 hours. The traditional media is on its death bed. Btw apart from Jaindi Kisero, all the others are crap. Citizen TV is the worst in business journalism. That one @Terryanne chebet is a shallow b**ty in matters biashara! I have always thought so. Very hard to find a pretty lady who is well versed in business matters. Call me sexist if you like, but before you do, please produce counter evidence first. I think TV stations would rather just hire fine girls, then hope they learn about biz on the job. current CEO of Unclaimed Assets is one pretty & sharp moulded in one In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Angelica _ann wrote:Mike Ock wrote:kollabo wrote:Impunity wrote:FRM2011 wrote:[quote=Mike Ock]Blogger Owaahh, who thoroughly researched the Imperial Bank case, now has come with another good analysis, not only of the current banking situation, but of the history of bandia banks in Kenya. I'm sorry Chase Bank depositors, directors have been fleecing banks since the 80s and so far no restitution or jailtime: http://owaahh.com/kenyan-banks-fail/[/quote] Read 11000 times in 24 hours. The traditional media is on its death bed. Btw apart from Jaindi Kisero, all the others are crap. Citizen TV is the worst in business journalism. That one @Terryanne chebet is a shallow b**ty in matters biashara! I have always thought so. Very hard to find a pretty lady who is well versed in business matters. Call me sexist if you like, but before you do, please produce counter evidence first. I think TV stations would rather just hire fine girls, then hope they learn about biz on the job. current CEO of Unclaimed Assets is one pretty & sharp moulded in one This thread is a good example of shallowness in business matters "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: 12/25/2014 Posts: 2,300 Location: kenya
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Ric dees wrote:Years ago I lost cash at Nyaga Stockbrokers and I hoped to recover my money but never saw a cent. Lesson Numero Uno. A few years later I was holding a portfolio at NSE and I pestered my broker day and night to buy me Uchumi shares which for some reason could not get.One morning out of the blue, shares were found which I instructed him to acquire and the next day Uchumi crashed, we all can guess what happened. Lesson Numero dos and certainly this was the last Its fascinating reading all this stuff from arm-chair finance gurus, google students and the latte sipping crowd about what really happened at Chase Bank. Terms like "Qualified Opinion", "NPLs", "Receivership" etc have come to the fore. How many people used to watch Kiini Mach them days. Now this is the real deal... How many know what really happened to PN at EQ? Why was he pushed out? (Clue 1) Who wrote the anonymous letter to CBK about hands in the cookie jar and why (Clue 2) Who is the chairmans husband? Partner at which Big 4? Who is his best friend? (Clue 3) What happened to CO at KCB? (Clue 4) Now the talk is all about Tier 1 banks - another big joke. https://drive.google.com...k/view?pref=2&pli=1
Mimi nilkaangwa nikiwa kijana nikakanngika, nikaangwe tena nikiwa mtu mzima kwani niko na kichaa? I was a Chase bank Client and loved the online portal, excellent customer service and more, I got the "exit" notification some time last month and duly moved my exposure to Stanchart where I strategise what next. Kenya is a captive state, let those who understand this understand. As one Moi insider told me at Mt Kenya Safari club 2 years ago "Kenya iko na wenyewe" and I will add this IF YOU ARE NOT AT THE TABLE, YOU ARE ON THE MENU Kazi iendelee..pun intended. In short to you shafting continues eehh...... you aren't alone . Some of us are waiting for our turns just that we don't know where it will come from. Guys banking at Chase didn't see this coming . So for some who think that they are safe in whatever banking or stock they are doing then pole kwenu. There is an impunity culture amongst us kenyans .and people take pride in that .they take pride in who gets the most from corruption , who will I shaft next after I'm done with this person . What I wonder is if they stand before their kids are they a reflection of what they would love their children would love to be (thieves) or honest people ? I used to believe it's a curse of our skin color but I think I have come to know it's goes deeper than just that
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Rank: Member Joined: 2/4/2016 Posts: 175 Location: Global
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murchr wrote:Angelica _ann wrote:Mike Ock wrote:kollabo wrote:Impunity wrote:FRM2011 wrote:[quote=Mike Ock]Blogger Owaahh, who thoroughly researched the Imperial Bank case, now has come with another good analysis, not only of the current banking situation, but of the history of bandia banks in Kenya. I'm sorry Chase Bank depositors, directors have been fleecing banks since the 80s and so far no restitution or jailtime: http://owaahh.com/kenyan-banks-fail/[/quote] Read 11000 times in 24 hours. The traditional media is on its death bed. Btw apart from Jaindi Kisero, all the others are crap. Citizen TV is the worst in business journalism. That one @Terryanne chebet is a shallow b**ty in matters biashara! I have always thought so. Very hard to find a pretty lady who is well versed in business matters. Call me sexist if you like, but before you do, please produce counter evidence first. I think TV stations would rather just hire fine girls, then hope they learn about biz on the job. current CEO of Unclaimed Assets is one pretty & sharp moulded in one This thread is a good example of shallowness in business matters  Very true
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Rank: Member Joined: 5/9/2011 Posts: 786 Location: Mashinani
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Ethiteri wrote:kamundu wrote:Lolest! wrote:kamundu wrote:http://www.mediamaxnetwork.co.ke/people-daily/212530/islamic-banking-could-be-behind-chase-banks-fall/
Discuss (10mks) What does Dubai, Imperial , NBK and Chase have in common? Are you suggesting Islamic Window?Did Imperial have one? I think Imperial did Peace in our Homeland.
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Rank: Veteran Joined: 12/4/2009 Posts: 1,982 Location: matano manne
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The usual shenanigans aka afrocinema in the making from our beloved senators! Opus' days ahead will be rocky. The drama begins
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Rank: Elder Joined: 7/21/2010 Posts: 6,180 Location: nairobi
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Rahatupu wrote:The usual shenanigans aka afrocinema in the making from our beloved senators! Opus' days ahead will be rocky. The drama begins this so called parliament or senate committees many times comprise of lay people who purport to be professionals in everything. lords of impunity want status quo...very sad indeed...i wish all those committees can be disbanded and their allowances used to pay private consultants and credible professional bodies "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 1/14/2016 Posts: 12 Location: here and there
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Ric dees wrote:Years ago I lost cash at Nyaga Stockbrokers and I hoped to recover my money but never saw a cent. Lesson Numero Uno. A few years later I was holding a portfolio at NSE and I pestered my broker day and night to buy me Uchumi shares which for some reason could not get.One morning out of the blue, shares were found which I instructed him to acquire and the next day Uchumi crashed, we all can guess what happened. Lesson Numero dos and certainly this was the last Its fascinating reading all this stuff from arm-chair finance gurus, google students and the latte sipping crowd about what really happened at Chase Bank. Terms like "Qualified Opinion", "NPLs", "Receivership" etc have come to the fore. How many people used to watch Kiini Mach them days. Now this is the real deal... How many know what really happened to PN at EQ? Why was he pushed out? (Clue 1) Who wrote the anonymous letter to CBK about hands in the cookie jar and why (Clue 2) Who is the chairmans husband? Partner at which Big 4? Who is his best friend? (Clue 3) What happened to CO at KCB? (Clue 4) Now the talk is all about Tier 1 banks - another big joke. https://drive.google.com...k/view?pref=2&pli=1
Mimi nilkaangwa nikiwa kijana nikakanngika, nikaangwe tena nikiwa mtu mzima kwani niko na kichaa? I was a Chase bank Client and loved the online portal, excellent customer service and more, I got the "exit" notification some time last month and duly moved my exposure to Stanchart where I strategise what next. Kenya is a captive state, let those who understand this understand. As one Moi insider told me at Mt Kenya Safari club 2 years ago "Kenya iko na wenyewe" and I will add this IF YOU ARE NOT AT THE TABLE, YOU ARE ON THE MENU Kazi iendelee..pun intended. what is PN at EQ! Who is CO at KCB please enlighten me.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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@ricdees-I think the diaspora angle has some truth to it (too straight for the kenyan market), but why did PN stick it out for so long and risk his reputation given he has plenty back where he came from? i think you left out the f re kcb, sivyo? Kusema ukweli, apart from maybe dtb, there are few banks you can bank on in 254 Sehemu ndio nyumba
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ric dees wrote:Years ago I lost cash at Nyaga Stockbrokers and I hoped to recover my money but never saw a cent. Lesson Numero Uno. A few years later I was holding a portfolio at NSE and I pestered my broker day and night to buy me Uchumi shares which for some reason could not get.One morning out of the blue, shares were found which I instructed him to acquire and the next day Uchumi crashed, we all can guess what happened. Lesson Numero dos and certainly this was the last Its fascinating reading all this stuff from arm-chair finance gurus, google students and the latte sipping crowd about what really happened at Chase Bank. Terms like "Qualified Opinion", "NPLs", "Receivership" etc have come to the fore. How many people used to watch Kiini Mach them days. Now this is the real deal... How many know what really happened to PN at EQ? Why was he pushed out? (Clue 1) Greener pastures given succession is not possible at EQWho wrote the anonymous letter to CBK about hands in the cookie jar and why (Clue 2) PN, the goose had come out to roost, the rug was pulled off his feetWho is the chairmans husband? Partner at which Big 4? Who is his best friend? (Clue 3) ??What happened to CO at KCB? (Clue 4) and EQ? why jump around so much?Now the talk is all about Tier 1 banks - another big joke. https://drive.google.com...k/view?pref=2&pli=1
Mimi nilkaangwa nikiwa kijana nikakanngika, nikaangwe tena nikiwa mtu mzima kwani niko na kichaa? I was a Chase bank Client and loved the online portal, excellent customer service and more, I got the "exit" notification some time last month and duly moved my exposure to Stanchart where I strategise what next. Kenya is a captive state, let those who understand this understand. As one Moi insider told me at Mt Kenya Safari club 2 years ago "Kenya iko na wenyewe" and I will add this IF YOU ARE NOT AT THE TABLE, YOU ARE ON THE MENU Kazi iendelee..pun intended. Am also following another mill but i'll have to verify something 1st "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: Member Joined: 8/17/2007 Posts: 294
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Mainat wrote:@ricdees-I think the diaspora angle has some truth to it (too straight for the kenyan market), but why did PN stick it out for so long and risk his reputation given he has plenty back where he came from?
i think you left out the f re kcb, sivyo?
Kusema ukweli, apart from maybe dtb, there are few banks you can bank on in 254 DTB? this is where we go wrong. we fall for color and glamour. its board is 100% Indian. what do they have to hide?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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instinct wrote:Mainat wrote:@ricdees-I think the diaspora angle has some truth to it (too straight for the kenyan market), but why did PN stick it out for so long and risk his reputation given he has plenty back where he came from?
i think you left out the f re kcb, sivyo?
Kusema ukweli, apart from maybe dtb, there are few banks you can bank on in 254 DTB? this is where we go wrong. we fall for color and glamour. its board is 100% Indian. what do they have to hide? Nothing...why are you stereotyping??? possunt quia posse videntur
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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instinct wrote:Mainat wrote:@ricdees-I think the diaspora angle has some truth to it (too straight for the kenyan market), but why did PN stick it out for so long and risk his reputation given he has plenty back where he came from?
i think you left out the f re kcb, sivyo?
Kusema ukweli, apart from maybe dtb, there are few banks you can bank on in 254 DTB? this is where we go wrong. we fall for color and glamour. its board is 100% Indian. what do they have to hide? I will never touch that DTB bank with a pole vault! A bank owned mojorly by one shareholder, the Hindi Aga Khan, I think. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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maka wrote:instinct wrote:Mainat wrote:@ricdees-I think the diaspora angle has some truth to it (too straight for the kenyan market), but why did PN stick it out for so long and risk his reputation given he has plenty back where he came from?
i think you left out the f re kcb, sivyo?
Kusema ukweli, apart from maybe dtb, there are few banks you can bank on in 254 DTB? this is where we go wrong. we fall for color and glamour. its board is 100% Indian. what do they have to hide? Nothing...why are you stereotyping??? This is not stereotyping nor fallacy. It is the truth in the public. Indians are experienced shafters from Goldenburg International to JKIA duty free shops and the buck stops at brother Paul Kamlesh Patni camouflaging sheep skin in the church. Caveat: Kama ameokoka ya ukweli sawa. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Ric dees wrote:Years ago I lost cash at Nyaga Stockbrokers and I hoped to recover my money but never saw a cent. Lesson Numero Uno. A few years later I was holding a portfolio at NSE and I pestered my broker day and night to buy me Uchumi shares which for some reason could not get.One morning out of the blue, shares were found which I instructed him to acquire and the next day Uchumi crashed, we all can guess what happened. Lesson Numero dos and certainly this was the last Its fascinating reading all this stuff from arm-chair finance gurus, google students and the latte sipping crowd about what really happened at Chase Bank. Terms like "Qualified Opinion", "NPLs", "Receivership" etc have come to the fore. How many people used to watch Kiini Mach them days. Now this is the real deal... How many know what really happened to PN at EQ? Why was he pushed out? (Clue 1) Who wrote the anonymous letter to CBK about hands in the cookie jar and why (Clue 2) Who is the chairmans husband? Partner at which Big 4? Who is his best friend? (Clue 3) What happened to CO at KCB? (Clue 4) Now the talk is all about Tier 1 banks - another big joke. https://drive.google.com...k/view?pref=2&pli=1
Mimi nilkaangwa nikiwa kijana nikakanngika, nikaangwe tena nikiwa mtu mzima kwani niko na kichaa? I was a Chase bank Client and loved the online portal, excellent customer service and more, I got the "exit" notification some time last month and duly moved my exposure to Stanchart where I strategise what next. Kenya is a captive state, let those who understand this understand. As one Moi insider told me at Mt Kenya Safari club 2 years ago "Kenya iko na wenyewe" and I will add this IF YOU ARE NOT AT THE TABLE, YOU ARE ON THE MENUKazi iendelee..pun intended. That is deep bro, very deep. I got the feeling you have the full picture but you'd want us to join the dots ourselves. One more thing, you got your exit notice in time. Bro you have found your way to the table.
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Chase Bank loss...another case of cooking the books?
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