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Chase Bank loss...another case of cooking the books?
Rank: Member Joined: 2/4/2016 Posts: 175 Location: Global
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kamundu wrote:Lolest! wrote:kamundu wrote:http://www.mediamaxnetwork.co.ke/people-daily/212530/islamic-banking-could-be-behind-chase-banks-fall/
Discuss (10mks)  What does Dubai, Imperial , NBK and Chase have in common?  Are you suggesting Islamic Window?Did Imperial have one?
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Ric dees wrote:Years ago I lost cash at Nyaga Stockbrokers and I hoped to recover my money but never saw a cent. Lesson Numero Uno. A few years later I was holding a portfolio at NSE and I pestered my broker day and night to buy me Uchumi shares which for some reason could not get.One morning out of the blue, shares were found which I instructed him to acquire and the next day Uchumi crashed, we all can guess what happened. Lesson Numero dos and certainly this was the last Its fascinating reading all this stuff from arm-chair finance gurus, google students and the latte sipping crowd about what really happened at Chase Bank. Terms like "Qualified Opinion", "NPLs", "Receivership" etc have come to the fore. How many people used to watch Kiini Mach them days. Now this is the real deal... How many know what really happened to PN at EQ? Why was he pushed out? (Clue 1) Who wrote the anonymous letter to CBK about hands in the cookie jar and why (Clue 2) Who is the chairmans husband? Partner at which Big 4? Who is his best friend? (Clue 3) What happened to CO at KCB? (Clue 4) Now the talk is all about Tier 1 banks - another big joke. https://drive.google.com...k/view?pref=2&pli=1
Mimi nilkaangwa nikiwa kijana nikakanngika, nikaangwe tena nikiwa mtu mzima kwani niko na kichaa? I was a Chase bank Client and loved the online portal, excellent customer service and more, I got the "exit" notification some time last month and duly moved my exposure to Stanchart where I strategise what next. Kenya is a captive state, let those who understand this understand. As one Moi insider told me at Mt Kenya Safari club 2 years ago "Kenya iko na wenyewe" and I will add this IF YOU ARE NOT AT THE TABLE, YOU ARE ON THE MENU Kazi iendelee..pun intended. Cant agree more, drawing lessons from experience  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 1/22/2015 Posts: 682
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kollabo wrote:Impunity wrote:FRM2011 wrote:[quote=Mike Ock]Blogger Owaahh, who thoroughly researched the Imperial Bank case, now has come with another good analysis, not only of the current banking situation, but of the history of bandia banks in Kenya. I'm sorry Chase Bank depositors, directors have been fleecing banks since the 80s and so far no restitution or jailtime: http://owaahh.com/kenyan-banks-fail/[/quote] Read 11000 times in 24 hours. The traditional media is on its death bed. Btw apart from Jaindi Kisero, all the others are crap. Citizen TV is the worst in business journalism. That one @Terryanne chebet is a shallow b**ty in matters biashara! I have always thought so. Very hard to find a pretty lady who is well versed in business matters. Call me sexist if you like, but before you do, please produce counter evidence first. I think TV stations would rather just hire fine girls, then hope they learn about biz on the job.
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Rank: Member Joined: 5/28/2014 Posts: 149 Location: Nairobi
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Ric dees wrote:Years ago I lost cash at Nyaga Stockbrokers and I hoped to recover my money but never saw a cent. Lesson Numero Uno. A few years later I was holding a portfolio at NSE and I pestered my broker day and night to buy me Uchumi shares which for some reason could not get.One morning out of the blue, shares were found which I instructed him to acquire and the next day Uchumi crashed, we all can guess what happened. Lesson Numero dos and certainly this was the last Its fascinating reading all this stuff from arm-chair finance gurus, google students and the latte sipping crowd about what really happened at Chase Bank. Terms like "Qualified Opinion", "NPLs", "Receivership" etc have come to the fore. How many people used to watch Kiini Mach them days. Now this is the real deal... How many know what really happened to PN at EQ? Why was he pushed out? (Clue 1) Who wrote the anonymous letter to CBK about hands in the cookie jar and why (Clue 2) Who is the chairmans husband? Partner at which Big 4? Who is his best friend? (Clue 3) What happened to CO at KCB? (Clue 4) Now the talk is all about Tier 1 banks - another big joke. https://drive.google.com...k/view?pref=2&pli=1
Mimi nilkaangwa nikiwa kijana nikakanngika, nikaangwe tena nikiwa mtu mzima kwani niko na kichaa? I was a Chase bank Client and loved the online portal, excellent customer service and more, I got the "exit" notification some time last month and duly moved my exposure to Stanchart where I strategise what next. Kenya is a captive state, let those who understand this understand. As one Moi insider told me at Mt Kenya Safari club 2 years ago "Kenya iko na wenyewe" and I will add this IF YOU ARE NOT AT THE TABLE, YOU ARE ON THE MENU Kazi iendelee..pun intended. I don't know the answers to any of your cryptic questions. Please enlighten me. When you live for others' opinions, you are dead.
- Carlos Slim Helu
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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semeni tu which bank(s) are risky, please hata kama you only mention the colors, vitendawili tuachie bupamba
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Mike Ock wrote:kollabo wrote:Impunity wrote:FRM2011 wrote:[quote=Mike Ock]Blogger Owaahh, who thoroughly researched the Imperial Bank case, now has come with another good analysis, not only of the current banking situation, but of the history of bandia banks in Kenya. I'm sorry Chase Bank depositors, directors have been fleecing banks since the 80s and so far no restitution or jailtime: http://owaahh.com/kenyan-banks-fail/[/quote] Read 11000 times in 24 hours. The traditional media is on its death bed. Btw apart from Jaindi Kisero, all the others are crap. Citizen TV is the worst in business journalism. That one @Terryanne chebet is a shallow b**ty in matters biashara! I have always thought so. Very hard to find a pretty lady who is well versed in business matters. Call me sexist if you like, but before you do, please produce counter evidence first. I think TV stations would rather just hire fine girls, then hope they learn about biz on the job. current CEO of Unclaimed Assets is one pretty & sharp moulded in one 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: 2/26/2012 Posts: 15,980
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Angelica _ann wrote:Mike Ock wrote:kollabo wrote:Impunity wrote:FRM2011 wrote:[quote=Mike Ock]Blogger Owaahh, who thoroughly researched the Imperial Bank case, now has come with another good analysis, not only of the current banking situation, but of the history of bandia banks in Kenya. I'm sorry Chase Bank depositors, directors have been fleecing banks since the 80s and so far no restitution or jailtime: http://owaahh.com/kenyan-banks-fail/[/quote] Read 11000 times in 24 hours. The traditional media is on its death bed. Btw apart from Jaindi Kisero, all the others are crap. Citizen TV is the worst in business journalism. That one @Terryanne chebet is a shallow b**ty in matters biashara! I have always thought so. Very hard to find a pretty lady who is well versed in business matters. Call me sexist if you like, but before you do, please produce counter evidence first. I think TV stations would rather just hire fine girls, then hope they learn about biz on the job. current CEO of Unclaimed Assets is one pretty & sharp moulded in one This thread is a good example of shallowness in business matters "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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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Ric dees wrote:Years ago I lost cash at Nyaga Stockbrokers and I hoped to recover my money but never saw a cent. Lesson Numero Uno. A few years later I was holding a portfolio at NSE and I pestered my broker day and night to buy me Uchumi shares which for some reason could not get.One morning out of the blue, shares were found which I instructed him to acquire and the next day Uchumi crashed, we all can guess what happened. Lesson Numero dos and certainly this was the last Its fascinating reading all this stuff from arm-chair finance gurus, google students and the latte sipping crowd about what really happened at Chase Bank. Terms like "Qualified Opinion", "NPLs", "Receivership" etc have come to the fore. How many people used to watch Kiini Mach them days. Now this is the real deal... How many know what really happened to PN at EQ? Why was he pushed out? (Clue 1) Who wrote the anonymous letter to CBK about hands in the cookie jar and why (Clue 2) Who is the chairmans husband? Partner at which Big 4? Who is his best friend? (Clue 3) What happened to CO at KCB? (Clue 4) Now the talk is all about Tier 1 banks - another big joke. https://drive.google.com...k/view?pref=2&pli=1
Mimi nilkaangwa nikiwa kijana nikakanngika, nikaangwe tena nikiwa mtu mzima kwani niko na kichaa? I was a Chase bank Client and loved the online portal, excellent customer service and more, I got the "exit" notification some time last month and duly moved my exposure to Stanchart where I strategise what next. Kenya is a captive state, let those who understand this understand. As one Moi insider told me at Mt Kenya Safari club 2 years ago "Kenya iko na wenyewe" and I will add this IF YOU ARE NOT AT THE TABLE, YOU ARE ON THE MENU Kazi iendelee..pun intended. In short to you shafting continues eehh...... you aren't alone . Some of us are waiting for our turns just that we don't know where it will come from. Guys banking at Chase didn't see this coming . So for some who think that they are safe in whatever banking or stock they are doing then pole kwenu. There is an impunity culture amongst us kenyans .and people take pride in that .they take pride in who gets the most from corruption , who will I shaft next after I'm done with this person . What I wonder is if they stand before their kids are they a reflection of what they would love their children would love to be (thieves) or honest people ? I used to believe it's a curse of our skin color but I think I have come to know it's goes deeper than just that
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Rank: Member Joined: 2/4/2016 Posts: 175 Location: Global
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murchr wrote:Angelica _ann wrote:Mike Ock wrote:kollabo wrote:Impunity wrote:FRM2011 wrote:[quote=Mike Ock]Blogger Owaahh, who thoroughly researched the Imperial Bank case, now has come with another good analysis, not only of the current banking situation, but of the history of bandia banks in Kenya. I'm sorry Chase Bank depositors, directors have been fleecing banks since the 80s and so far no restitution or jailtime: http://owaahh.com/kenyan-banks-fail/[/quote] Read 11000 times in 24 hours. The traditional media is on its death bed. Btw apart from Jaindi Kisero, all the others are crap. Citizen TV is the worst in business journalism. That one @Terryanne chebet is a shallow b**ty in matters biashara! I have always thought so. Very hard to find a pretty lady who is well versed in business matters. Call me sexist if you like, but before you do, please produce counter evidence first. I think TV stations would rather just hire fine girls, then hope they learn about biz on the job. current CEO of Unclaimed Assets is one pretty & sharp moulded in one This thread is a good example of shallowness in business matters  Very true
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Rank: Member Joined: 5/9/2011 Posts: 786 Location: Mashinani
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Ethiteri wrote:kamundu wrote:Lolest! wrote:kamundu wrote:http://www.mediamaxnetwork.co.ke/people-daily/212530/islamic-banking-could-be-behind-chase-banks-fall/
Discuss (10mks) What does Dubai, Imperial , NBK and Chase have in common? Are you suggesting Islamic Window?Did Imperial have one? I think Imperial did Peace in our Homeland.
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