business news

KCB acquires Chase Bank, all branches to open on April 27

KCB has acquired the embattled Chase Bank. With the endorsement of the Central Bank of Kenya (CBK), the Kenya Deposit  Insurance Corporation (KDIC) has today reached understandings with the KCB  Bank Kenya Ltd (KCB) on modalities to reopen Chase Bank Ltd (In  Receivership)(CBL) in the next few days and the eventual acquisition of a  majority […]

news opinion

Chase Bank Woes Continue As It Emerges That Share Holders Are Shell Companies

As customers banking with Chase Bank, chase on how they will eventually have their money back, it has emerged that three companies; Rinascimento Global Ltd, Balst Investment Holdings and Festuca Investments Ltd, which collectively own 36.4 per cent shareholding in the bank are registered through shell companies in Mauritius, Cyprus and the Isle of Man in […]