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Kenya:
Mergers, Buy-Outs Next As Storm in Banking Abates, Experts Insist
Nation, 16 April 2016
As the storm in the banking sector abates, the future of Kenya's financial sector may be about to change dramatically, with the players realigning to cope with market realities. Read more »
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Kenya:
Debt, Interest On Bonds Could Affect Chase, Imperial Bank Planned Revival
East African, 16 April 2016
The payment of debts, including accrued interest to holders of corporate bonds worth Ksh6.8 billion ($66.14 million) could complicate the planned revival of Chase and Imperial… Read more »
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Kenya:
Rogue Bankers Are Fighting Back, Shield the CBK Governor
Nation, 16 April 2016
After decades of steady growth, Africa is catching up fast with other emerging powers in the global south, popularising the narrative of "Africa Rising." Read more »
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Kenya:
Lenders in Need of Bail-Out Cash Given Strict Central Bank Rules
Nation, 15 April 2016
The Central Bank has set tough conditions for the money it has offered to bail out banks facing liquidity pressures as a result of Chase Bank's closure last week. Read more »
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Kenya:
CBK Sets Tough Conditions for Banks Seeking Liquidity Support Facility
Capital FM, 15 April 2016
The Central Bank of Kenya (CBK) has set tough conditions for banks seeking the liquidity support facility it set aside last week. Read more »
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Kenya:
Chase Bank Attracts Five Suitors
Capital FM, 15 April 2016
Chase Bank has attracted the interest of at least five suitors keen on acquiring the bank that was placed under receivership last week, said the Central Bank of Kenya Governor Dr.… Read more »
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Kenya:
Five Suitors Lined Up to Buy Chase Bank, CBK Says
Nation, 15 April 2016
The Central Bank of Kenya (CBK) has so far received five suitors wanting to buy the collapsed Chase Bank, the regulator's governor Patrick Njoroge said on Friday. Read more »
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Kenya:
Bloggers and Social Media Are Not to Blame for the Chase Bank Crisis
Fahamu, 14 April 2016
Freedom of expression is under threat in Kenya. In the past, bloggers have been arrested and detained on baseless charges. The latest turn of events is the Central Bank of Kenya's… Read more »
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Kenya:
Counties Cash Goes Under With Chase
Nation, 14 April 2016
The closure of Chase Bank has almost ground to a halt work at Kisii, Trans Nzoia and Kilifi county governments. Read more »
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Kenya:
Dogs and Cats Are Starving in Karen, and Chase Bank Has Something to Do With It
Nation, 14 April 2016
Hundreds of rescued domestic animals are staring at starvation at a relief centre in Nairobi because money to feed them was saved at Chase Bank, which was put under receivership… Read more »
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Kenya:
Tough Fresh Rules to Govern Kenya Banking Long Overdue
Nation, 14 April 2016
Watching the live feed from Parliament on Wednesday, I wondered why it took so long for a Bill on banking regulations to be brought before the House. Read more »
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Kenya:
Why Banks Slumped in 2015 Performance
Capital FM, 13 April 2016
The slowdown in profitability within the banking industry in 2015 was primarily caused by escalating non-performing loans, accompanied by a challenging macro environment. Read more »
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Kenya:
Icpak Deflects Blame, Shields Auditors Over Chase Bank Fall
Nation, 12 April 2016
The accountants' body on Tuesday shifted blame on the role external auditors played in the collapse of Chase Bank, saying the lender's directors were squarely responsible for the… Read more »
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Kenya:
Rogue Bank Managers Should Be Jailed
Nation, 12 April 2016
Chase Bank was the overall "Best Company to Work For" in 2015 in Kenya, among the large corporations. It was awarded the title by Deloitte, the same audit firm that five months… Read more »
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Kenya:
SMEs Big Losers in Chase Bank Mess
Nation, 11 April 2016
Businesspeople have been left in shock on learning that they cannot access their money in Chase Bank. Read more »
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Kenya:
Funds for Nyandarua MCAs Locked Up in Chase Bank
Nation, 10 April 2016
The Nyandarua County Assembly is one of the institutions whose millions have been locked up in Chase Bank after it was shut down. Read more »
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Kenya:
Six Wanted Chase Bank Managers Still at Large
Nation, 9 April 2016
Two top managers of the troubled Chase Bank surrendered themselves to the police Saturday following an arrest order issued by Inspector-General of Police Joseph Boinnet on Friday. Read more »
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Kenya:
Financial Sector Regulators Failed to Spot Trouble at Chase Bank
Nation, 9 April 2016
Despite the government's assurance that the health of the banking industry is intact, questions remain about the extent of manipulation of financial statements in the entire sector… Read more »
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Kenya:
Anonymous Letter to International Investors Led to Chase Bank Closure
Nation, 9 April 2016
An incriminating anonymous letter sent by a whistle-blower to international investors of Chase Bank in February touched off a series of events that led to the shock closure of the… Read more »
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Kenya:
Kenyans in the Diaspora Furious Over Chase Bank Closure
Nation, 9 April 2016
Kenyans in the diaspora, some of whom banked with the fallen Chase Bank, have reacted angrily to the news of its insolvency, with most wondering why the customers were not warned… Read more »
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Kenya:
Stop Panic Bank Withdrawals, CBK Governor Urges Public
Capital FM, 8 April 2016
Kenyans have been warned against rushing to transfer their deposits from 'small' to 'big' banks out of fear they may collapse the Chase Bank way. Read more »
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Kenya:
Chase Bank Is in Receivership Because of Chase Bank, Not Social Media
Nation, 8 April 2016
It has been yet another interesting week on the 'Twittersphere', with reports about the simmering woes at Chase Bank being shared widely. Read more »
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Kenya:
IG Joseph Boinnet Orders Arrest of Top National Bank and Chase Bank Managers
Nation, 8 April 2016
Inspector General of Police Joseph Boinnet has ordered the immediate arrest of six National Bank of Kenya and two Chase Chase Bank managers over unethical conduct. Read more »