I'm sorry but Nairobiwire is not my source for economic news.

In fact in their list written last week we have Chase Bank. Wonder who they were copying and pasting.

It has great pictures of vera sidika's big booty though. Very sumptous boobs of sijui who.

On money matters, I think I'll decipher the people who speak in tongues in the blue section of wazua.

I still wonder why DTB is not classified as large

There is nothing like a safe bank in a sinking economy. There are always systemic risks that can crash the entire system. We should be looking at which banks are "too big to fail" and which will be bailed out by the government should they be at risk of failure.

That is a different question with a different answer. I was talking about the issue of "safest" banks.

I'm jittery the neighbors of my bank are no more.

Central Bank of Kenya is the safest in +254

Citi bank plays in the big league only and only opens corporate accounts (EABL etc types). Us and our small personal and SME fortunes can take our money to I&M and will be welcomed with open hands.

CBK Governor to hold a press briefing at 10.30 am,
amid worries over the health of some banks.

Number8, the poet @DannMwangi

• Chase Bank's management & auditors had back and forth on some issues where managers couldn't provide sufficient info on some areas
• If auditors see large differences in a banks books, they are required by law to report to CBK. Chase Bank's auditors did that
• The issues the auditors brought to CBK included loans to two directors. The board sat and decided that they step aside.
• Banking Act is clear that we in effect put the bank on life support - receivership - which we did.

• Insider lending calls to question the governance of the institution. A bank is not a 'mama mboga'.
• There are limits on insider lending and also for lending to an individual, as it becomes the bank's burden, which can be dangerous
• Governance is not just CEO, but also the rest of management, the board, the shareholders. I expect some serious discussions at AGMs
• On Friday, we saw conversations that showed a growing storm that threatened to hit the financial system & it was growing by the day
• People were having less confidence in their bank's, and the 'storm' was waiting for Monday when bank doors would be open to erupt.

• The announcement of CBK's new funding facility calmed the storm and it was visible when we looked at the numbers on Monday.
• The new facility is not a fund, it's a framework, therefore there is no limit to it. We stop the train before it crashes.
• It's not a loan, not a credit, not a bail-out. It's the CBK that decides when to come in.