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KCB running Chase Bank (in receivership)
Ethiteri
#1 Posted : Wednesday, April 20, 2016 9:23:00 AM
Rank: Member

Joined: 2/4/2016
Posts: 175
Location: Global
A press conference by PN is expected today on the way foward. Before midday I hear.
muganda
#2 Posted : Wednesday, April 20, 2016 10:29:55 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
muganda
#3 Posted : Wednesday, April 20, 2016 10:35:16 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
alma1
#4 Posted : Wednesday, April 20, 2016 10:42:56 AM
Rank: Elder

Joined: 9/19/2015
Posts: 2,871
Location: hapo
As someone who needs to use Chase Bank services in the short term, that's very good.

But I'm shopping for another bank like chase. If you have fununu tumia mimi. Can't imagine KCB management running this bank in the long term. We'll go back to those long ques. Oh boy another big brother takes over.

Very good news. Open the branches so that we can access the facilities as we shop for other options.
Thieves are not good people. Tumeelewana?

maka
#5 Posted : Wednesday, April 20, 2016 10:48:47 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
alma1 wrote:
As someone who needs to use Chase Bank services in the short term, that's very good.

But I'm shopping for another bank like chase. If you have fununu tumia mimi. Can't imagine KCB management running this bank in the long term. We'll go back to those long ques. Oh boy another big brother takes over.

Very good news. Open the branches so that we can access the facilities as we shop for other options.


@Alma1...NIC
possunt quia posse videntur
alma1
#6 Posted : Wednesday, April 20, 2016 10:55:30 AM
Rank: Elder

Joined: 9/19/2015
Posts: 2,871
Location: hapo
maka wrote:
alma1 wrote:
As someone who needs to use Chase Bank services in the short term, that's very good.

But I'm shopping for another bank like chase. If you have fununu tumia mimi. Can't imagine KCB management running this bank in the long term. We'll go back to those long ques. Oh boy another big brother takes over.

Very good news. Open the branches so that we can access the facilities as we shop for other options.


@Alma1...NIC


Asante sana. I'll be visiting them soon.

People don't understand that Chase was great coz of customer care. That was why we banked with them.

I can just see the future where all those branches are turned into green with lions all over and dirty floors and a manager who doesn't know your name.

As an investor, I may buy KCB shares. As a customer, let me do some shopping. Can't even imagine the culture shock for Chase Employees. Some who actually left KCB to run to Chase.

Good news though, wacha tuendelee na kazi.

By the way, is anyone going to court for shutting down this bank or is this another PR exercise. Will KCB pay billions to the very same directors who disappeared with the money. Can you imagine the message?

Run down your bank...Get saved by KCB. Get paid billions and retire.
Thieves are not good people. Tumeelewana?

watesh
#7 Posted : Wednesday, April 20, 2016 10:57:55 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
I wonder how much KCB is spending to buy this bank....
mlennyma
#8 Posted : Wednesday, April 20, 2016 11:00:29 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
alma1 wrote:
As someone who needs to use Chase Bank services in the short term, that's very good.

But I'm shopping for another bank like chase. If you have fununu tumia mimi. Can't imagine KCB management running this bank in the long term. We'll go back to those long ques. Oh boy another big brother takes over.

Very good news. Open the branches so that we can access the facilities as we shop for other options.

opening is good news,but iam not happy about the management to come
"Don't let the fear of losing be greater than the excitement of winning."
MaichBlack
#9 Posted : Wednesday, April 20, 2016 11:21:38 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
Ericsson wrote:
@washiku
Owining two competing etities in the same market.
Unless either they decide chase bank and ecobank be merged

Economics 101: Owning two competing businesses is NOT conflict of interest (especially if you are a major shareholder in both).

It could be loosely be deemed to be some sort of conflict if you are a major shareholder in one and a minor shareholder in the other and you use your influence in the company where you are the minor shareholder to push for decisions that favour the company where you are the major shareholders - But where would the major shareholders in the company you are a minor shareholder be when you are pulling that off.

Conflict of interest comes in when companies are interacting/trading with each other. Like Ciano selling vegetables to Uchumi or if Dr. Opus Dei would own a bank/become the main shareholder in one!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
githundi
#10 Posted : Wednesday, April 20, 2016 11:22:01 AM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
This represents the first case where a bank in receivership has been opened in recent times in Kenya . I wish Kcb all the best. ...but as @ alma confirms to allow most depositors get their funds.
Democracy does not belong to the dead
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