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Chase Bank loss...another case of cooking the books?
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Ericsson wrote:@KulaRaha
Nowadays iko CRB.Try defaulting a loan then your name and details are forwarded there.
To clear your name is a hurdle you wouldn't want a repeat @Ericsson nielezee how CRB works. Ninaandwa na HELB vibaya sana. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,671 Location: NAIROBI
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If you default in a loan;the creditor forwards your details to credit reference bureau. Once it's there the information then circulates to other potential creditors will know you have defaulted in a loan and therefore a bad debtor. When you go them to request for credit they will either put stringent terms or reject your application till you clear with CRB. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Hello Joined: 6/24/2016 Posts: 2
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The American-based organization believes martial arts is incredibly important to building self-respect and respect for others. The emphasis on respect results in an environment free of heckling and name calling, jeff lipton permanent value.
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Rank: Member Joined: 2/4/2016 Posts: 175 Location: Global
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phytovydetox wrote:The American-based organization believes martial arts is incredibly important to building self-respect and respect for others. The emphasis on respect results in an environment free of heckling and name calling, jeff lipton permanent value. ?????
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Now Chase has the go-ahead to lend. What happens to all those funds stuck in the bank? What a dumb move. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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KulaRaha wrote:Now Chase has the go-ahead to lend. What happens to all those funds stuck in the bank?
What a dumb move. I think this is more PR, nobody is touching this institution unless its sold, rebranded and the board reformed "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Obi 1 Kanobi wrote:KulaRaha wrote:Now Chase has the go-ahead to lend. What happens to all those funds stuck in the bank?
What a dumb move. I think this is more PR, nobody is touching this institution unless its sold, rebranded and the board reformed However CBK reports Chase opened a few thousand new accounts, putting a few thousand new customers at direct risk. Does CBK know what its doing? Or do they want the disaster to get bigger? Business opportunities are like buses,there's always another one coming
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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A forensic audit on the operations of Chase Bank before it was put under receivership will be out today, The Standard has learnt. KPMG South Africa is expected to hand over the audit report to Central Bank of Kenya (CBK) and Kenya Deposit Insurance Corporation (KDIC). Read more at: http://www.standardmedia...chase-bank-audit-report
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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IN an environment where yields and costs are prescribed, who will buy this bank? Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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This report should be made public so that everyone can see where the skeletons in our banking system are hidden. Investment philosophy development in progress...
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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@Maka and the " Fisis" who bank with Chase just to see the gals,where are we with our SME Bank?Any update on take over? How is the customer service?What did the SA auditors find out? The hype seems to have died and the silence is unnerving the huge depositors. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Bigchick wrote:@Maka and the " Fisis" who bank with Chase just to see the gals,where are we with our SME Bank?Any update on take over?
How is the customer service?What did the SA auditors find out?
The hype seems to have died and the silence is unnerving the huge depositors. You used to have first hand 'update ... gossip' on the shenanigans on there, what happened?  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: 2/8/2013 Posts: 4,068 Location: At Large.
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Former Director of Chase Bank now CEO of KIE. Link Business Daily 20th Dec 2016. I thought they are barred from holding any public office unless its their own office. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Bigchick wrote:Former Director of Chase Bank now CEO of KIE. Link Business Daily 20th Dec 2016.
I thought they are barred from holding any public office unless its their own office.
He was just an employee like the rest of staff. Worked with him at Coop Bank, a very nice boss. 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: 2/8/2013 Posts: 4,068 Location: At Large.
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Angelica _ann wrote:Bigchick wrote:Former Director of Chase Bank now CEO of KIE. Link Business Daily 20th Dec 2016.
I thought they are barred from holding any public office unless its their own office.
He was just an employee like the rest of staff. Worked with him at Coop Bank, a very nice boss. So a Director is equal to just an employee? I beg to differ.He wad right in the mix of chewing our meagre savings.Why was he shown the door at Chase? Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Bigchick wrote:Angelica _ann wrote:Bigchick wrote:Former Director of Chase Bank now CEO of KIE. Link Business Daily 20th Dec 2016.
I thought they are barred from holding any public office unless its their own office.
He was just an employee like the rest of staff. Worked with him at Coop Bank, a very nice boss. So a Director is equal to just an employee? I beg to differ.He wad right in the mix of chewing our meagre savings.Why was he shown the door at Chase? Yawa Director title was used at Chase Bank herein to denote Head of function who were SMT members reporting to the MD, the thug who collapsed and died. Even Coop Bank uses those titles, I think even BBK etc. Stop the hating sis. 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: 12/9/2009 Posts: 6,592 Location: Nairobi
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Questions; 1. Is it true that the KCB deal fell through? 2. Why are customers still depositing money into this bank yet it has not paid the customers it owes money to? Where is the wisdom I'm failing to see here???
BBI will solve it :)
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Angelica _ann wrote:Bigchick wrote:Angelica _ann wrote:Bigchick wrote:Former Director of Chase Bank now CEO of KIE. Link Business Daily 20th Dec 2016.
I thought they are barred from holding any public office unless its their own office.
He was just an employee like the rest of staff. Worked with him at Coop Bank, a very nice boss. So a Director is equal to just an employee? I beg to differ.He wad right in the mix of chewing our meagre savings.Why was he shown the door at Chase? Yawa Director title was used at Chase Bank herein to denote Head of function who were SMT members reporting to the MD, the thug who collapsed and died. Even Coop Bank uses those titles, I think even BBK etc. Stop the hating sis. No hating here dada.I have no reason to.Just following issues as they are. Why was he shown the door? Several other "heads of departments/Directors" are still in office.Why him? My point is those Directors messed depositors big time and its wrong for them to have moved to new jobs before Chase is solved. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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What's happening with Chase Bank? This matter has gone too silent.
BBI will solve it :)
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Rank: User Joined: 8/15/2013 Posts: 13,236 Location: Vacuum
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Bigchick wrote:Former Director of Chase Bank now CEO of KIE. Link Business Daily 20th Dec 2016.
I thought they are barred from holding any public office unless its their own office.
Only applied to Directors at governance level not management level If Obiero did it, Who Am I?
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Chase Bank loss...another case of cooking the books?
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