Reports say when Chase was placed under receivership, it had about 170,000 depositors, 62 branches, U.S.$1 billion in assets and a 3% market share. Read more »
A team has been formed to investigate mismanagement and questionable transactions at the National Bank of Kenya and Chase Bank. Read more »
The country's banking regulator has blamed mounting banking sector woes on weak lending policies and management failure. Read more »
The cash shortage has forced banks to lower their daily withdrawal limits while the government has urged citizens to use cards instead of cash. Read more »
The Central Bank of Nigeria has refused to respond to a query from the Federal Character Commission regarding its secretive recruitment of children and relatives of senior ... Read more »
The suspensions come at a time when the bank is being accused of mismanagement and of having a loose credit policy. Read more »
Zimbabwe has issued an order that payments for tobacco will not be paid for in cash starting this year. Read more »
Hackers are targeting accounts of the largest budget holders, among them the defence, energy and agriculture ministries. Read more »
Barclays Africa Group says it remains committed to Africa and it is optimistic about growth prospects - this as Barclays Britain weighs its options after losing millions of Pounds ... Read more »
The Barclays Africa Group has, by linking 12 banks across the continent in 2013, put the company "firmly in our own hands", CEO Maria Ramos has said. Read more »
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