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How depositors saved Chase Bank from a sure death when it reopened for business

Paul Rusoo KCB HR Director

NAIROBI: The closure of Chase Bank on April 7 caught thousands by surprise, and shook an already reeling banking sector.

Rumours of financial trouble hit a crescendo on social media on April 6 after the bank restated its results, showing it had under-reported loans to directors and employees.

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