We should not use so­cial me­dia to bring down banks

The Star (Kenya) - - Voices -

On Thurs­day Novem­ber 17, I was ac­costed by some jour­nal­ists from a me­dia house as I en­tered a bank, which had suf­fered plenty of neg­a­tive so­cial me­dia cam­paigns on its sta­bil­ity. They sought my views on that and whether I have heard some ru­mours about the bank fail­ing. This, they said, fol­lowed some posts on Face­book and Twit­ter as well as What­sApp in­di­cat­ing there were con­cerns raised about its fi­nan­cial sta­bil­ity. I was cat­e­gor­i­cal in the in­ter­view that we must do what­ever it takes to sal­vage it and prob­a­bly any other bank. I was firmer that, con­sid­er­ing we man­aged to sal­vage Chase Bank this year, we must do what­ever we can to en­sure no other bank falls. What­ever the cir­cum­stances the said in­sti­tu­tion may have been in, we must pro­tect the bank­ing in­dus­try. There should be con­trols and mea­sures when such reck­less in­for­ma­tion is floated around for what­ever rea­son.


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