bankelele

  • Bank Wars: Pepea

    Posted: March 12, 2008, 6:52 pm by bankelele
    Barclays is really going after small accounts holders and low savers such as students. The latest account is called Pepea (implies lightness) which is an ATM-based account with a flat fee of just 100 shillings ($1.5) and 20/= per ATM withdrawal – putting it in the range of Equity’s 50/= fees. This extends Barclays aggressive growth to counter Equity Bank – to an extent that it seems they are subsiding services in order to gain deposits and accounts.

    With Pepea, you actually get penalized if you have more than 30,000 shillings ($425) in your account.

  • Rogue brokers?

    Posted: March 12, 2008, 6:40 pm by bankelele
    A somewhat irresponsible article in the wake of the collapse of Nyaga Stockbrokers last week – fingers four more brokers that the (now awake) regulator has issues with. An article of this magnitude about a bank could cause a run on deposits or worse.

    But the firms - Solid Securities, Reliable, Crossfield and Discount Securities appear not to have been affected, and a causal visit to their offices shows they are are devoid of crowds of panicked investors as seen on TV last week. These are not ‘rogue’ brokers robbing their clients, just some brokers who have other regulatory issues to sort out.
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Fish cakes

Alas a fish cake.

Yet more fish cakes

Guess what ... yeah ... fish cakes.

The end of the fish cakes

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