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Chase Bank loss...another case of cooking the books?

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Ericsson		#741 Posted : Monday, October 09, 2017 11:46:13 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		"What will be left of Chase Bank will be a shell with Sh19 billion of loans mostly unpaid. Shareholders and management deposits will be stuck in the insolvent shell as well as its creditors including bondholders." Read more at: https://www.standardmedi...ry-picks-premium-assets Investment and insurance companies which bought into chase bank bond will have to write off the amount Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Pesa Nane		#742 Posted : Monday, October 09, 2017 1:23:44 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Pesa Nane plans to be shilingi when he grows up.
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KulaRaha		#743 Posted : Monday, October 09, 2017 1:25:53 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		Now we shall see how serious KDIC is...the rubber will soon hit the road! Business opportunities are like buses,there's always another one coming
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obiero		#744 Posted : Monday, October 09, 2017 4:37:14 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		Pesa Nane wrote: The unsecured debt will have to be written off.. But a good development with SBM KQ ABP 4.26
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obiero		#745 Posted : Monday, October 09, 2017 4:38:52 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi		muganda wrote: Bigchick wrote: There has been a story about SBM taking only the good book.Sorry am yet to get my tutorials on how to put a link here.It was in the Standard on Sato. Would like to hear more ftom experts here. Must loudly wonder about the denial many engaged in when CBK governor brought the farce to judgement - 12 institutions (3 local, 4 foreign, 5 consortiums) all gave up after taking a closer look at Chase Bank's ugliness! https://www.standardmedi...ry-picks-premium-assets Good Bank - SBM 57bn in performing loans 57bn in deposits - quarter in current account - quarter in savings account - half in 7% term deposit maturing in 3 installments over 3 years Bad Bank - CBK 35bn hole, awaiting court cases, made up of: 20bn guys who stopped paying after receivership 15bn management assets frozen There's hope KQ ABP 4.26
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2012		#746 Posted : Saturday, November 11, 2017 11:23:09 AM
Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi		Is anyone in jail yet? BBI will solve it :)
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Angelica _ann		#747 Posted : Saturday, November 11, 2017 1:05:28 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		2012 wrote: Is anyone in jail yet? This is Kenya!!! 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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murchr		#748 Posted : Saturday, November 11, 2017 4:01:42 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		2012 wrote: Is anyone in jail yet? The Kenyan judiciary is the most corrupt institution "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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Ericsson		#749 Posted : Saturday, November 11, 2017 5:51:32 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		murchr wrote: 2012 wrote: Is anyone in jail yet? The Kenyan judiciary is the most corrupt institution Wrong Judiciary ain't the problem.The problem is the prosecution institution Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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murchr		#750 Posted : Saturday, November 11, 2017 6:23:56 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Ericsson wrote: murchr wrote: 2012 wrote: Is anyone in jail yet? The Kenyan judiciary is the most corrupt institution Wrong Judiciary ain't the problem.The problem is the prosecution institution Bookmark this post, the case is in court 9 counts of fraud and other related charges. Khan has asked the court to block his prosecution, watch and see how they play it. "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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