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KCB running Chase Bank (in receivership)
Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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Swenani wrote:kiash wrote:You mean Chase bank was that gud, ama Alma used to be a manager there.I never knew a lot about the bank i could not even identify the logo.
But am a bit lost here, imagining there are more than 150K Alma's out there, they will wait for next week to get back their millions and then look for another suitor, and going by the word here, it does not look like its going to be KCB.So some other bank might get that money (say I&M)
So who can explain to me the purpose of KCB buying into Chase Bank? unless they have assets worth several billions which i doubt.Unless they force the former customers to stay with them for say 2 yrs as a collateral to acquire their monies. What are the benefits to KCB ? KCB is not interested in the @Alma's of chase bank who are many but only make up 6% of the deposits, I think it's interested in the 3% who make up 94% of the deposits and of course the KCB managers are also interested in those yummy women working at chase bank Very very true. Considering the counties and gov't agencies that had accounts there, KCB's true purpose is to get those accounts. That's why they are willing to give the alma's their 1m to leave bila kuleta shida. That's why we are moaning as SME's. We are like a chick who was just dumped at the altar after the groom decided to spend time at Karumaindo. Thieves are not good people. Tumeelewana?
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Rank: Hello Joined: 1/7/2016 Posts: 8
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alma1 wrote:Swenani wrote:kiash wrote:You mean Chase bank was that gud, ama Alma used to be a manager there.I never knew a lot about the bank i could not even identify the logo.
But am a bit lost here, imagining there are more than 150K Alma's out there, they will wait for next week to get back their millions and then look for another suitor, and going by the word here, it does not look like its going to be KCB.So some other bank might get that money (say I&M)
So who can explain to me the purpose of KCB buying into Chase Bank? unless they have assets worth several billions which i doubt.Unless they force the former customers to stay with them for say 2 yrs as a collateral to acquire their monies. What are the benefits to KCB ? KCB is not interested in the @Alma's of chase bank who are many but only make up 6% of the deposits, I think it's interested in the 3% who make up 94% of the deposits and of course the KCB managers are also interested in those yummy women working at chase bank Very very true. Considering the counties and gov't agencies that had accounts there, KCB's true purpose is to get those accounts. That's why they are willing to give the alma's their 1m to leave bila kuleta shida. That's why we are moaning as SME's. We are like a chick who was just dumped at the altar after the groom decided to spend time at Karumaindo. I need some clarification hapa.. Chase Assurance is a wholly owned subsidiary of Chase bank, does this go to KCB too? Is it probable that KCB will also buy the other sister companies like Rafiki Microfinance and Genghis Capital? How exactly will this take place?
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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rutechura wrote:alma1 wrote:Swenani wrote:kiash wrote:You mean Chase bank was that gud, ama Alma used to be a manager there.I never knew a lot about the bank i could not even identify the logo.
But am a bit lost here, imagining there are more than 150K Alma's out there, they will wait for next week to get back their millions and then look for another suitor, and going by the word here, it does not look like its going to be KCB.So some other bank might get that money (say I&M)
So who can explain to me the purpose of KCB buying into Chase Bank? unless they have assets worth several billions which i doubt.Unless they force the former customers to stay with them for say 2 yrs as a collateral to acquire their monies. What are the benefits to KCB ? KCB is not interested in the @Alma's of chase bank who are many but only make up 6% of the deposits, I think it's interested in the 3% who make up 94% of the deposits and of course the KCB managers are also interested in those yummy women working at chase bank Very very true. Considering the counties and gov't agencies that had accounts there, KCB's true purpose is to get those accounts. That's why they are willing to give the alma's their 1m to leave bila kuleta shida. That's why we are moaning as SME's. We are like a chick who was just dumped at the altar after the groom decided to spend time at Karumaindo. I need some clarification hapa.. Chase Assurance is a wholly owned subsidiary of Chase bank, does this go to KCB too? Is it probable that KCB will also buy the other sister companies like Rafiki Microfinance and Genghis Capital? How exactly will this take place? Those other companies were owned by Romeo & Juliet but were not part of Chase Group..very smart! They can't be touched. However, most costs are on Chase, so expect them to start making losses once they pay their own HR and rental costs. Business opportunities are like buses,there's always another one coming
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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rutechura wrote:alma1 wrote:Swenani wrote:kiash wrote:You mean Chase bank was that gud, ama Alma used to be a manager there.I never knew a lot about the bank i could not even identify the logo.
But am a bit lost here, imagining there are more than 150K Alma's out there, they will wait for next week to get back their millions and then look for another suitor, and going by the word here, it does not look like its going to be KCB.So some other bank might get that money (say I&M)
So who can explain to me the purpose of KCB buying into Chase Bank? unless they have assets worth several billions which i doubt.Unless they force the former customers to stay with them for say 2 yrs as a collateral to acquire their monies. What are the benefits to KCB ? KCB is not interested in the @Alma's of chase bank who are many but only make up 6% of the deposits, I think it's interested in the 3% who make up 94% of the deposits and of course the KCB managers are also interested in those yummy women working at chase bank Very very true. Considering the counties and gov't agencies that had accounts there, KCB's true purpose is to get those accounts. That's why they are willing to give the alma's their 1m to leave bila kuleta shida. That's why we are moaning as SME's. We are like a chick who was just dumped at the altar after the groom decided to spend time at Karumaindo. I need some clarification hapa.. Chase Assurance is a wholly owned subsidiary of Chase bank, does this go to KCB too? Is it probable that KCB will also buy the other sister companies like Rafiki Microfinance and Genghis Capital? How exactly will this take place? @Chura, My basic understanding is this, If KCB acquires 70% of chase bank while chase bank had 50% in any subsidiary, KCB will takeover proportionate ownership of that subsidiary,in this case 35%(70%X 50%) If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Bring it on the KCB rights issue. We will snap all that will be on the table. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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mlennyma 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. opening is good news,but iam not happy about the management to come I wish member ndio ingechulua hii Chase...they have almost similar customer base...ROAR is so "upper class". Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 1/22/2015 Posts: 682
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Swenani wrote:kiash wrote:You mean Chase bank was that gud, ama Alma used to be a manager there.I never knew a lot about the bank i could not even identify the logo.
But am a bit lost here, imagining there are more than 150K Alma's out there, they will wait for next week to get back their millions and then look for another suitor, and going by the word here, it does not look like its going to be KCB.So some other bank might get that money (say I&M)
So who can explain to me the purpose of KCB buying into Chase Bank? unless they have assets worth several billions which i doubt.Unless they force the former customers to stay with them for say 2 yrs as a collateral to acquire their monies. What are the benefits to KCB ? KCB is not interested in the @Alma's of chase bank who are many but only make up 6% of the deposits, I think it's interested in the 3% who make up 94% of the deposits and of course the KCB managers are also interested in those yummy women working at chase bank I would not be shocked to see the wazuans who have been crying here are in that 3%. You will be surprised at the bigshots behind these handles. Also the 'guests' tend to be heavy hitters sourcing for insider info.
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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kiash wrote:Is it true that 97% of the account holders had only 6% of the bank deposits? 3% held 94% so you can imagine who are the 3% this explains a lot. Sijui @alma ako pande gani ya hizi %age...97% sio mbaya saaaaaana. LOL! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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watesh wrote:I wonder how much KCB is spending to buy this bank.... Rights issue coming soon. "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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