Wazua
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Chase Bank loss...another case of cooking the books?
Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Sit tight, opus dei Mei is in charge . I beg he should visit Credit bank and make those guys ruin for their money
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Rank: Member Joined: 3/3/2016 Posts: 132
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Also, is there new management at Deloitte? They seem to be reasserting their authority all of a sudden
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Rank: Hello Joined: 1/21/2011 Posts: 9 Location: nairobi
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I can confirm that Chase Bank Garden City Branch was closed before the official time which is 5.00 P.M. Reason being customers were withdrawing in droves.
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Rank: Elder Joined: 9/15/2006 Posts: 3,902
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Bond holders that bought the recent bank bonds must be having the infamous butterfly stomach effect... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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winmak wrote:So, is there any safe bank? These tier 3s are treading on shaky ground... Na tier 2 ni kina banks gani? Always here of tier 1 (KCB, Equity, Barclays, Stanchart,Coop etc) and tier 3 (Baroda, India,Chase,Dubai,Imperial etc) WHO ARE THE TIER 2 NIGGAHS? And what about tier 4s (Faulu,Krep,KWFT,Uwezo,Jamii etc)? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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hisah wrote:Bond holders that bought the recent bank bonds must be having the infamous butterfly stomach effect... Gaament Bond very safe...any lazy Kes. 100K will find its way from my pocket to CBK. Take this to the bank,Chase bank if so wish. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 8/10/2014 Posts: 957 Location: Kenya
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Rank: Elder Joined: 6/23/2009 Posts: 13,477 Location: nairobi
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Impunity wrote:winmak wrote:So, is there any safe bank? These tier 3s are treading on shaky ground... Na tier 2 ni kina banks gani? Always here of tier 1 (KCB, Equity, Barclays, Stanchart,Coop etc) and tier 3 (Baroda, India,Chase,Dubai,Imperial etc) WHO ARE THE TIER 2 NIGGAHS? And what about tier 4s (Faulu,Krep,KWFT,Uwezo,Jamii etc)? I&M, DTB, Family
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/10/2014 Posts: 957 Location: Kenya
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Massive withdrawal everywhere
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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watesh wrote:Massive withdrawal everywhere Will probably worsen tomorrow after people have watched the evening news today. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Member Joined: 7/3/2014 Posts: 245
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Obi 1 Kanobi wrote:watesh wrote:Massive withdrawal everywhere Will probably worsen tomorrow after people have watched the evening news today. Biggest beneficiary will be MPESA BANK. In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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Rank: Member Joined: 1/4/2015 Posts: 153
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Impunity wrote:winmak wrote:So, is there any safe bank? These tier 3s are treading on shaky ground... Na tier 2 ni kina banks gani? Always here of tier 1 (KCB, Equity, Barclays, Stanchart,Coop etc) and tier 3 (Baroda, India,Chase,Dubai,Imperial etc) WHO ARE THE TIER 2 NIGGAHS? And what about tier 4s (Faulu,Krep,KWFT,Uwezo,Jamii etc)? Tier 2 include I&M , DTB and either CBA or CFC (one of the 2 is tier 1)..and Family I think. ! NIC and EcoBank too. either way of the above I think I&M DTB and CFC are Sound Banks. DTB clearly being a bank from the Aga Khan Dynasty you cannot expect expect anything but reliability. It has good reach and being smaller than the tier 1 banks give you a more private feel. I&m is good too, family business of course but has a lot of outside involvement to even think of being dodgy. CFC well is connected to it's senior in SA should be okay (and the 7% on savings a/c is decent).. NIC and Eco are good.. haven't dealt directly so can't say much. But I guess banks that are well spread and have outside shareholding tend to be okay...CBA well.. Family might be tricky considering recent issues of mismanagement. But then again don't take my word.. In Kenya you wake up to surprises everyday. Dreams are not the thing you see in your sleep..it's the thing that doesn't let you sleep. - A.P.J. Abdul Kalam
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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TheGeek wrote:Obi 1 Kanobi wrote:watesh wrote:Massive withdrawal everywhere Will probably worsen tomorrow after people have watched the evening news today. Biggest beneficiary will be MPESA BANK. sure punda amecheka
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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ayushnehra wrote:Impunity wrote:winmak wrote:So, is there any safe bank? These tier 3s are treading on shaky ground... Na tier 2 ni kina banks gani? Always here of tier 1 (KCB, Equity, Barclays, Stanchart,Coop etc) and tier 3 (Baroda, India,Chase,Dubai,Imperial etc) WHO ARE THE TIER 2 NIGGAHS? And what about tier 4s (Faulu,Krep,KWFT,Uwezo,Jamii etc)? Tier 2 include I&M , DTB and either CBA or CFC (one of the 2 is tier 1)..and Family I think. ! NIC and EcoBank too. either way of the above I think I&M DTB and CFC are Sound Banks. DTB clearly being a bank from the Aga Khan Dynasty you cannot expect expect anything but reliability. It has good reach and being smaller than the tier 1 banks give you a more private feel. I&m is good too, family business of course but has a lot of outside involvement to even think of being dodgy. CFC well is connected to it's senior in SA should be okay (and the 7% on savings a/c is decent).. NIC and Eco are good.. haven't dealt directly so can't say much. But I guess banks that are well spread and have outside shareholding tend to be okay...CBA well.. Family might be tricky considering recent issues of mismanagement. But then again don't take my word.. In Kenya you wake up to surprises everyday. Ayushnehra you know anything about the credit bank please ?
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Rank: New-farer Joined: 5/15/2015 Posts: 26
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One of the largest banks in U.S.A is called CHASE. Full name is J.P MORGAN CHASE MANHATTAN. Their website is www.chase.com. Why did a Kenyan bank choose this name? I am sure many people in Diaspora opened an account with this bank thinking they are the same. For me I always wondered: 1. Why chase U.S.A didn't sue chase Kenya 2. Why did a bank in Kenya give it-self a U.S.A bank name? - That was a red flag.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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kimugaman wrote:One of the largest banks in U.S.A is called CHASE. Full name is J.P MORGAN CHASE MANHATTAN. Their website is www.chase.com. Why did a Kenyan bank choose this name? I am sure many people in Diaspora opened an account with this bank thinking they are the same. For me I always wondered: 1. Why chase U.S.A didn't sue chase Kenya 2. Why did a bank in Kenya give it-self a U.S.A bank name? - That was a red flag. Most Kenyans are naive and vulnerable to deception. The founders of Chase Bank new about the psychology of herd mentality and gullibility of Kenyans. Kenyans are weird people . I am an entrepreneur. I do make skyrocketing profits per item as high as 7000% . When I started I was rocked by the culture shock in the business world where some customers told me to hike prices as they considered my offers as below equilibrium. I used to make like 3500% profit per piece then. Now you can see how Kenyans are playing the drumbeats of the paradox of law of demand and supply. Shafting continues.....!!!!!! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: New-farer Joined: 3/28/2016 Posts: 37 Location: nairobi
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All the jokes made about putting money under the mattress don't seem too funny now.
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Rank: Elder Joined: 7/21/2010 Posts: 6,177 Location: nairobi
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TheGeek wrote:Obi 1 Kanobi wrote:watesh wrote:Massive withdrawal everywhere Will probably worsen tomorrow after people have watched the evening news today. Biggest beneficiary will be MPESA BANK. mpesa cannot hold substantial deposits,kcb will catch the biggest share followed by other big banks remember nbk has credibility issues too "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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hisah wrote:Bond holders that bought the recent bank bonds must be having the infamous butterfly stomach effect... Bond holders are paid what's left after depositors are paid so if it goes down they'll be totally roasted.
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Wazua
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Chase Bank loss...another case of cooking the books?
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